Common use of Assumed Obligations Defined Clause in Contracts

Assumed Obligations Defined. As used in this Agreement, “Assumed Obligations” means: all Liabilities in respect of the Contracts listed on Schedule 1.6(b) (the “Assigned Contracts”) but only to the extent that such Liabilities thereunder are required to be performed after the Closing Date, do not relate to the payment of money, were incurred in the ordinary course of business and do not relate to any failure to perform, improper performance, warranty or other breach, default or violation by Seller on or prior to the Closing; and

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthier Choices Management Corp.)

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Assumed Obligations Defined. As used in this Agreement, “Assumed Obligations” means: all Liabilities in respect of the Contracts listed on Schedule 1.6(b) (the “Assigned Contracts”) but only to the extent that such Liabilities thereunder are required to be performed after the Closing Date, do not relate to the payment of money, were incurred in the ordinary course of business (including any gift cards or loyalty program obligations) and do not relate to any failure to perform, improper performance, warranty or other breach, default or violation by Seller on or prior to the Closing; and

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthier Choices Management Corp.)

Assumed Obligations Defined. As used in this Agreement, “Assumed Obligations” means: means all Liabilities in respect of the Contracts listed on Schedule 1.6(b) 1.6 (the “Assigned Contracts”) but only to the extent that such Liabilities thereunder are required to be performed after the Closing Date, do not relate to the payment of money, were incurred in the ordinary course of business (including any gift cards or loyalty program obligations) and do not relate to any failure to perform, improper performance, warranty or other breach, default or violation by Seller Sellers on or prior to the Closing; and.

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthier Choices Management Corp.)

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Assumed Obligations Defined. As used in this Agreement, “Assumed Obligations” means: means all Liabilities in respect of the Contracts listed on Schedule 1.6(b) 1.7 (the “Assigned Contracts”) but only to the extent that such Liabilities thereunder are required to be performed after the Closing Date, do not relate to the payment of money, were incurred in the ordinary course of business (including any gift cards or loyalty program obligations) and do not relate to any failure to perform, improper performance, warranty or other breach, default or violation by Seller Sellers on or prior to the Closing; and.

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthier Choices Management Corp.)

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