Common use of AGREEMENT TO ASSUME CERTAIN LIABILITIES Clause in Contracts

AGREEMENT TO ASSUME CERTAIN LIABILITIES. Buyer hereby assumes and agrees to discharge and perform all liabilities and obligations that arise or are attributable to events occurring on or after the Closing Date pursuant to the Site Leases and the Advertising Contracts(the "Assumed Liabilities") but to the extent and only to the extent that: (a) Such obligations are performable on or after the Closing Date; and (b) Such obligations are attributable to periods arising on or after the Closing Date.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Outdoor Systems Inc), Asset Purchase Agreement (Outdoor Systems Inc), Asset Purchase Agreement (Outdoor Systems Inc)

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AGREEMENT TO ASSUME CERTAIN LIABILITIES. At the Closing, Buyer hereby assumes shall assume and agrees agree to discharge and perform all liabilities and obligations that are set forth on Schedule or arise or are attributable to events occurring on or after the Closing Date pursuant to the Site Leases and the Advertising Contracts(the Contracts (the "Assumed Liabilities") but to the extent and only to the extent that: (a) Such obligations are performable on or after the Closing Date; and (b) Such obligations are attributable to periods arising on or after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Outdoor Systems Inc)

AGREEMENT TO ASSUME CERTAIN LIABILITIES. At the Closing, Buyer hereby assumes shall assume and agrees agree to discharge and perform all liabilities and obligations that arise or are attributable to events occurring on or after the Closing Date pursuant to the Site Leases Leases, Advertising Contracts and the Advertising Contracts(the Permits and the Contracts set forth on Schedule 2.3 (collectively, the "Assumed Liabilities") but to the extent and only to the extent that: (a) Such that such liabilities and obligations are performable on arise or after the Closing Date; and (b) Such obligations are attributable to events occurring or periods arising on or after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Outdoor Systems Inc)

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AGREEMENT TO ASSUME CERTAIN LIABILITIES. At the Closing, Buyer hereby assumes shall assume and agrees agree to discharge and perform all liabilities and obligations that arise or are attributable to events occurring on or after the Closing Date pursuant to the Site Leases and the Advertising Contracts(the Contracts (the "Assumed Liabilities") but to the extent and only to the extent that: (a) Such obligations are performable on or after the Closing Date; and (b) Such obligations are attributable to periods arising on or after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Outdoor Systems Inc)

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