Common use of Assumption of the Liabilities Clause in Contracts

Assumption of the Liabilities. The Assuming Party assumes and agrees with the Debtor and the Creditor to fully and faithfully discharge and perform all duties, liabilities and obligations of the Debtor under the Liabilities.

Assumption of the Liabilities. The Assuming Party assumes and agrees with the Debtor and the Creditor Creditors to fully and faithfully discharge and perform all duties, liabilities and obligations of the Debtor under the Liabilities.