Assumption of Certain Liabilities. Purchaser shall assume and agree to pay and discharge when due all liabilities and obligations of Seller under the Contracts to the extent the same arise from and after the Effective Date (the "Assumed Liabilities").
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Samples: Purchase Agreement (Family Golf Centers Inc), Purchase Agreement (Family Golf Centers Inc)
Assumption of Certain Liabilities. Purchaser shall assume and agree to pay and discharge when due (the "Assumed Liabilities"):
1.3.1 all liabilities and obligations of Seller under the Contracts to the extent the same arise from and after the Closing; and
1.3.2 all trade payables of Seller arising out of the purchase of goods and services in connection with the Business on the books of Seller on and after the Effective Date (the "Assumed Liabilities")Date.
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Assumption of Certain Liabilities. Purchaser shall assume and agree to pay and discharge when due all liabilities and obligations of Seller under the Contracts to the extent the same arise from and after the Effective Date Closing (the "Assumed Liabilities").
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Assumption of Certain Liabilities. Purchaser shall assume and agree to pay and discharge when due (i) all liabilities and obligations of Seller under the Contracts to the extent the same arise from and after the Effective Closing Date and (ii) indebtedness related to the Property, together with liabilities assumed under the Related Purchase Agreement, not to exceed $4,000,000 (such indebtedness to be specified by Seller) (collectively, the "Assumed Liabilities").
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Assumption of Certain Liabilities. Purchaser shall assume and agree to pay and discharge when due due, all liabilities and obligations of Seller under the Contracts to the extent the same arise from and after the Effective Closing Date (as hereinafter defined) (the "Assumed Liabilities"), including equipment leases for, and financing secured by, equipment transferred to Purchaser.
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Assumption of Certain Liabilities. Purchaser shall assume and agree to pay and discharge when due due: (i) all liabilities and obligations of Seller under the Contracts to the extent the same arise from and after the Effective Closing Date and (ii) up to $500 of outstanding commitments to customers with respect to pre-paid range ball cards and gift certificates (the "Assumed Liabilities").
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