Common use of Assumed Liabilities; Excluded Liabilities Clause in Contracts

Assumed Liabilities; Excluded Liabilities. Subject to the terms and conditions set forth herein, Buyer shall assume and agree to pay, perform and discharge when due any and all Assumed Liabilities. Buyer shall not assume and shall not be responsible to pay, perform or discharge any of the Excluded Liabilities.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Halcon Resources Corp)