Common use of Assumed Liabilities and Obligations Clause in Contracts

Assumed Liabilities and Obligations. On the Closing Date, Purchaser ----------------------------------- shall assume and agrees to pay, perform and discharge as and when due, all of the obligations and liabilities of Seller based upon events occurring on or after the Closing Date under (i) the Real Property Lease, (ii) the Personal Property Leases, and (iii) the Acquired Contracts. All of the foregoing to be assumed by Purchaser hereunder are collectively referred to as the "Assumed Liabilities."

Appears in 2 contracts

Samples: Asset Purchase Agreement (Communications World International Inc), Asset Purchase Agreement (Communications World International Inc)

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Assumed Liabilities and Obligations. On the Closing Date, Purchaser ----------------------------------- shall assume assume, and agrees to pay, perform and discharge as and when due, all of the obligations and liabilities of Seller based upon events occurring on or after the Closing Date under (ia) the Real Property Lease, (iib) the Personal Property Leases, and (iiic) the Acquired Contracts. All of the foregoing to be assumed by Purchaser hereunder are collectively referred to as the "Assumed Liabilities."

Appears in 1 contract

Samples: Asset Purchase Agreement (Communications World International Inc)

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Assumed Liabilities and Obligations. On the Closing Date, Purchaser ----------------------------------- shall assume and agrees agree to pay, perform and discharge as and when due, all of due only the following obligations and liabilities of Seller Seller: (a) All executory obligations with respect to the Business accruing exclusively, and based upon events occurring on or occurring, after the Closing Date under (i) the Real Property Lease, (ii) the Personal Property Leases, and (iiiii) the Acquired Contracts. All of the foregoing to be assumed by Purchaser hereunder are collectively referred to herein as the "Assumed Liabilities"."

Appears in 1 contract

Samples: Asset Purchase Agreement (Tower Tech Inc)

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