Common use of Assignment and Assumptions of Liabilities Clause in Contracts

Assignment and Assumptions of Liabilities. Upon the terms and subject to the conditions set forth in this Agreement, Seller shall assign to Purchaser, and Purchaser shall accept and assume from Seller, the following liabilities relating to the Branch, which liabilities Purchaser agrees to perform and discharge (the “Assumed Liabilities”), as follows:

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc), Purchase and Assumption Agreement (Beacon Federal Bancorp, Inc.), Purchase and Assumption Agreement (Heritage Financial Group)

AutoNDA by SimpleDocs

Assignment and Assumptions of Liabilities. Upon the terms and subject to the conditions set forth in this Agreement, Seller shall assign to Purchaser, and Purchaser shall accept and assume from Seller, the following liabilities relating to the BranchBranches, which liabilities Purchaser agrees to perform and discharge (the “Assumed Liabilities”), as follows:

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Heritage Financial Group), Purchase and Assumption Agreement (Pab Bankshares Inc)

AutoNDA by SimpleDocs

Assignment and Assumptions of Liabilities. Upon the terms and subject to the conditions set forth in this Agreement, Seller shall assign to Purchaser, and Purchaser shall accept and assume from Seller, the following liabilities relating to the Branch, which liabilities Purchaser agrees to perform and discharge (the "Assumed Liabilities"), as follows:

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Sound Financial, Inc.), Purchase and Assumption Agreement (Sound Financial, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!