Common use of ASSUMPTION OF SPECIFIC LIABILITIES Clause in Contracts

ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer agrees to perform all of Seller's contractual obligations related to the Customer Contracts to the extent, and only to the extent, such obligations first mature and are required to be performed after the close of business on the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale of Assets Agreement (U S Liquids Inc), Purchase and Sale of Assets Agreement (U S Liquids Inc)

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ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer agrees to perform all of Seller's contractual obligations related to the Customer Contracts Accounts and the Assumed Leases, to the extent, and only to the extent, such obligations first mature and are required to be performed after the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (U S Liquids Inc)

ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer agrees to perform all of Seller's contractual obligations related to the Customer Contracts Accounts and Assumed Leases to the extent, and only to the extent, such obligations first mature and are required to be performed after the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (U S Liquids Inc)

ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer agrees to perform all of Seller's contractual obligations related to the Customer Contracts Accounts to the extent, and only to the extent, such obligations first mature and are required to be performed after the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (U S Liquids Inc)

ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer agrees to perform all of Seller's contractual obligations related to the Customer Contracts Accounts and the Teletrac Lease to the extent, and only to the extent, such obligations first mature and or are required to be performed after the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (U S Liquids Inc)

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ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer agrees to perform all of Seller's contractual obligations related to the Customer Contracts and the leases of the Facility to the extent, and only to the extent, such obligations first mature and are required to be performed after the close of business on the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale of Assets Agreement (U S Liquids Inc)

ASSUMPTION OF SPECIFIC LIABILITIES. In addition to the payment of the Assumed Debt, Buyer Purchaser agrees to perform all of Seller's the Sellers' contractual obligations related to the Customer Contracts Business to the extent, and only to the extent, such obligations first mature and are required to be performed by Purchaser after the close of business on the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (U S Liquids Inc)

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