BUSINESS LIABILITIES. The Purchaser shall with effect from the Completion Date assume responsibility for the Business Liabilities remaining after the Completion Date and shall indemnify the Vendor against all such liabilities after the Completion Date but all other liabilities (actual or contingent, liquidated or unliquidated) arising, accruing or assessed in connection with the Business in respect of any period prior to the Completion Date shall be and remain the responsibility of the Vendor which covenants to indemnify the Purchaser and keep the Purchaser indemnified against all such other liabilities.
Appears in 4 contracts
Samples: Nz Asset Purchase Agreement (Home Security International Inc), Asset Purchase Agreement (Home Security International Inc), Asset Purchase Agreement (Home Security International Inc)
