Assumed Liabilities; Excluded Liabilities. Pursuant to the Assumption Agreement, Purchaser shall agree to pay, perform and discharge the Assumed Liabilities in accordance with terms thereof as and when due or required. Seller shall pay, perform and discharge the Excluded Liabilities in accordance with the terms thereof as and when due or required.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Intelliquest Information Group Inc), Asset Purchase Agreement (Naviant Inc)
Assumed Liabilities; Excluded Liabilities. Pursuant Subject to the Assumption Agreementterms and conditions set forth herein, Purchaser Buyer shall assume and agree to pay, perform and discharge the Assumed Liabilities in accordance with terms thereof as and when due or requiredany and all Assumed Liabilities. Seller Buyer shall not assume and shall not be responsible to pay, perform and or discharge any of the Excluded Liabilities in accordance with the terms thereof as and when due or requiredLiabilities.
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Halcon Resources Corp)
