Common use of Assumption of Assumed Liabilities Clause in Contracts

Assumption of Assumed Liabilities. In accordance with and subject to the terms and conditions set forth in the Asset Purchase Agreement, in partial consideration for such transfer of the Required Assets by Seller to Buyer, Buyer hereby undertakes to assume, pay, perform, satisfy and discharge, all of the Assumed Liabilities. Buyer does not agree to assume or pay any Excluded Liabilities or any other debts, obligations or liabilities of Seller or Assignor not expressly assumed by Buyer in the Asset Purchase Agreement.

Appears in 5 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Tecogen Inc.), Asset Purchase Agreement (Tecogen Inc.)

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Assumption of Assumed Liabilities. In accordance with On the terms and subject to the terms and conditions set forth in the Asset Purchase Agreement, in partial consideration for such transfer hereby assumes and agrees to discharge or perform all liabilities of the Required Assets by Seller to Buyer, Buyer hereby undertakes to assume, pay, perform, satisfy and discharge, all of the that constitute Assumed Liabilities. Other than the obligations that constitute Assumed Liabilities, Buyer does has not agree to assume assumed any liability of any nature or pay any Excluded Liabilities or any other debts, obligations or liabilities kind whatsoever of Seller or Assignor not expressly assumed by Buyer in the Asset Purchase AgreementSellers.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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Assumption of Assumed Liabilities. In accordance with and subject to the terms and conditions set forth in the Asset Purchase Agreement, in partial consideration for such transfer of the Required Assets by Seller Sellers to Buyer, Buyer hereby undertakes to assume, pay, perform, satisfy and discharge, all of the Assumed Liabilities. Buyer does not agree to assume or pay any Excluded Liabilities or any other debts, obligations or liabilities of Seller Sellers or Assignor Assignors not expressly assumed by Buyer in the Asset Purchase Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imedia International Inc)

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