Common use of Buyer’s Assumption of Liabilities and Obligations Clause in Contracts

Buyer’s Assumption of Liabilities and Obligations. Upon Closing, Buyer shall assume and pay, perform, fulfill and discharge all claims, costs, expenses, liabilities and obligations relating to the ownership or operation of the Assets (including those arising under environmental laws) other than the Retained Liabilities (the “Assumed Liabilities”).

Appears in 3 contracts

Samples: Purchase and Sale Agreement (AMERICAN EAGLE ENERGY Corp), Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (American Eagle Energy Inc.)

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Buyer’s Assumption of Liabilities and Obligations. Upon Closing, Buyer shall assume and pay, perform, fulfill and discharge all claims, costs, expenses, liabilities and obligations relating to the ownership or operation of the Assets (including those arising under environmental laws) other than attributable only to periods after the Retained Liabilities Effective Date (the "Assumed Liabilities").

Appears in 1 contract

Samples: Lease Acquisition Agreement (Mainland Resources Inc.)

Buyer’s Assumption of Liabilities and Obligations. Upon Closing, Buyer shall assume and pay, perform, fulfill and discharge all claims, costs, expenses, liabilities and obligations relating to the ownership or operation of the Assets (including those arising under environmental laws, and including any related to the Existing Wxxxx) other than that are attributable to periods on or after the Retained Liabilities Effective Time (the “Assumed Liabilities”).

Appears in 1 contract

Samples: Lease Acquisition Agreement (American Eagle Energy Inc.)

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Buyer’s Assumption of Liabilities and Obligations. Upon Closing, Buyer shall assume and pay, perform, fulfill and discharge all claims, costs, expenses, liabilities and obligations relating to the ownership or operation of the Assets (including those arising under environmental lawsEnvironmental Laws) other than that are attributable to periods after the Retained Liabilities Effective Time (the “Assumed Liabilities”).

Appears in 1 contract

Samples: Lease Acquisition Agreement (American Energy Development Corp.)

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