Common use of Assumption of Assumed Liabilities; Retention of Retained Liabilities Clause in Contracts

Assumption of Assumed Liabilities; Retention of Retained Liabilities. (a) As of 12:01 a.m. on the Closing Date, Purchaser shall (or shall cause one or more of its wholly owned Subsidiaries designated by Purchaser not less than 5 Business Days prior to the Closing Date to) assume and become obligated to pay, perform and discharge when due, the following Liabilities, whether accrued or arising before, on or after the Closing Date (such Liabilities, the “Assumed Liabilities”):

Assumption of Assumed Liabilities; Retention of Retained Liabilities. (a) As of 12:01 a.m. on At the Closing DateClosing, Purchaser shall (or shall cause one or more of its wholly owned Subsidiaries designated by Purchaser not less than 5 five (5) Business Days prior to the Closing Date to) assume and become obligated to pay, perform and discharge when due, the following LiabilitiesLiabilities of Seller or any Seller Subsidiary, whether accrued or arising before, on or after the Closing Date (such Liabilities, the “Assumed Liabilities”):