Assumption of Contracts. The sale of the Assets is and will be made subject to the Contracts to which the Assets are presently subject. Buyer shall assume and be responsible for all obligations accruing under the Contracts after the Effective Time.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Penn Octane Corp), Asset Purchase Agreement (Rio Vista Energy Partners Lp), Asset Purchase Agreement (Penn Octane Corp)
Assumption of Contracts. The sale of the Assets Properties is and will be -------------------------- made subject to the Contracts to to, which the Assets Properties are presently subject. Buyer shall assume and be responsible for all obligations accruing under the Contracts as of and after the Effective Time.
Appears in 2 contracts
Samples: Asset Transfer Agreement (Sunburst Acquisitions Ii Inc), Asset Transfer Agreement (Sunburst Acquisitions Ii Inc)
Assumption of Contracts. The sale of the Assets Properties is and will be made subject to the Contracts to which the Assets Properties are presently subject. Buyer shall assume and be responsible for all obligations accruing under the Contracts as of and after the Effective Time.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Vector Energy Corp /Texas/)
Assumption of Contracts. The sale of the Assets is and will be made subject to the Contracts and any applicable governmental rules and regulations related to the ownership and operation of the Properties and to which the Assets Properties are presently subject. Buyer Purchaser shall assume and be responsible for all obligations accruing under the Contracts arising prior to, on or after the Effective Time.
Appears in 1 contract
Samples: Purchase and Sale Agreement
