Common use of Assignment and Assumption of Other Liabilities Clause in Contracts

Assignment and Assumption of Other Liabilities. Subject to the terms and conditions set forth in this Agreement, on the Closing Date, Seller shall assign to Purchaser, and Purchaser shall (a) accept and assume from Seller and (b) pay, perform and discharge all obligations with respect to and be solely liable for, the liabilities and obligations that arise under the Leases and the Contracts, which liabilities and obligations become due and payable after the Closing Date (the "Other Liabilities"). The Deposit Obligations and the Other Liabilities shall collectively be referred to as the "Assumed Liabilities".

Assignment and Assumption of Other Liabilities. Subject to the terms and conditions set forth in this Agreement, on the Closing Date, Seller shall assign to Purchaser, and Purchaser shall (a) accept and assume from Seller and (b) pay, perform and discharge all obligations with respect to and be solely liable for, for the liabilities and obligations that arise under the Leases and the Contracts, which liabilities and obligations become due and payable after the close of business on the Closing Date (the "Other Liabilities"). The Deposit Obligations and the Other Liabilities shall collectively be referred to as the "Assumed Liabilities.".

Assignment and Assumption of Other Liabilities. Subject to the terms and conditions set forth in this Agreement, on the Closing Date, Seller shall assign to Purchaser, and Purchaser shall (a) accept and assume from Seller and (b) pay, perform and discharge all obligations with respect to and be solely liable for, the liabilities and obligations that arise under the Leases and the Contracts, which liabilities and obligations become due and payable on or after the Closing Date (the "Other Liabilities"). The Deposit Obligations and the Other Liabilities shall collectively be referred to as the "Assumed Liabilities".