Common use of Contractual Rights and Obligations Clause in Contracts

Contractual Rights and Obligations. At Closing, Buyer shall assume all rights and obligations of Seller under those certain equipment leases and other contracts identified on Exhibit "B" attached hereto. Seller warrants that all of Seller's obligations under the contracts listed on Exhibit "B" shall be current at the time of Closing. Seller agrees to indemnify Buyer against all obligations under the contracts identified on Exhibit "B" which relate to periods prior to Closing. Buyer agrees to indemnify Seller against all obligations under the contracts identified on Exhibit "B" which relate to periods after Closing.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Lithia Motors Inc), Agreement for Purchase and Sale (Lithia Motors Inc)

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Contractual Rights and Obligations. At Closing, Buyer shall assume all rights and obligations of Seller under those certain equipment leases and other contracts identified on Exhibit "B" attached hereto. Seller warrants that all of Seller's obligations under the contracts listed on Exhibit "B" shall be current at the time of Closing. Seller agrees to indemnify in Buyer against all obligations under the contracts identified on Exhibit "B" which relate to periods prior to Closing. Buyer agrees to indemnify indemnity Seller against all obligations under the contracts identified on Exhibit "B" which relate to periods after Closing.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Lithia Motors Inc)

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Contractual Rights and Obligations. At Closing, Buyer shall assume all rights and obligations of Seller under those certain equipment leases and other contracts contract identified on Exhibit "B" attached hereto. Seller warrants that all of Seller's obligations under the contracts listed on Exhibit "B" shall be current at the time of Closing. Seller agrees to indemnify indemnity Buyer against all obligations under the contracts identified idenfified on Exhibit "B" which relate to periods prior to Closing. Buyer agrees to indemnify Seller against all obligations obligatons under the contracts identified on Exhibit "B" which relate to periods after Closing.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Lithia Motors Inc)

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