Debts, Obligations and Liabilities Sample Clauses
The 'Debts, Obligations and Liabilities' clause defines the responsibilities of the parties regarding any outstanding amounts owed, duties to be performed, or legal liabilities arising under the agreement. Typically, this clause clarifies which party is responsible for existing or future debts and obligations, and may specify how these are to be settled or transferred, such as in the event of contract termination or assignment. Its core function is to allocate financial and legal responsibility clearly between the parties, thereby preventing disputes over who must pay or perform certain obligations.
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Debts, Obligations and Liabilities. Seller does not have any debts, liabilities, or obligations of any nature, whether accrued, absolute, contingent, or otherwise, whether due or to become due, related to or encumbering the Assets.
Debts, Obligations and Liabilities. Except for those liabilities expressly listed in Schedule 1.2 attached hereto (collectively, the "Assumed Liabilities"), Buyer shall assume no debts, obligations or liabilities of Seller as a result of the purchase of the Assets contemplated hereby. Any debt, obligation, or liability of Seller which is not an Assumed Liability for which Buyer is invoiced or notified, shall be promptly forwarded to Seller for payment.
Debts, Obligations and Liabilities. The Company as of the Balance Sheet Date had no material debts, obligations, or liabilities of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, except as those set forth on Schedule 2.9, and the Company is not in default in the performance of any obligation, agreement, or condition contained in the items identified on Schedule 2.9.
Debts, Obligations and Liabilities. Schedule 6.1 to this Agreement contains a true and complete schedule as of November 30, 2006 of all of Company’s liabilities and obligations, in all material respects. Company does not have any material debts, liabilities, or obligations of any nature, whether accrued, absolute, contingent, or otherwise, whether due or to become due, that are not set forth in Schedule 6.1, other than those which have arisen in the ordinary course of business since November 30, 2006.
Debts, Obligations and Liabilities. Seller does not have any debts, liabilities, or obligations of any nature, whether accrued, absolute, contingent, or otherwise, whether due or to become due, related to or encumbering the Stock. The Seller has a $15,883.51 note payable balance due to MMMC relate to loans advanced to the Partners of Union Imaging Associates, Inc. This note payable will be forgiven by MMMC subject to execution of this contract.
Debts, Obligations and Liabilities. The Company Financial Statements contain a complete and accurate schedule of all liabilities and obligations of Company and Company Subsidiaries other than those liabilities and obligations which have arisen in the ordinary course of business since May 31, 2000. Neither the Company nor Company Subsidiaries have any debts, liabilities or obligations of any nature, whether accrued absolute, contingent or otherwise and whether due or to become due, that are not set forth in the Company Financial Statements or in Section 3.5 of the Disclosure Schedule.
Debts, Obligations and Liabilities. SCHEDULE 4.3 to this Agreement contains a true and complete schedule of all debts and known liabilities of the Corporation recorded in the Stub Period Balance Sheet in excess of $25,000. The Corporation has no material debt, obligation or liability of any nature (whether absolute, accrued, contingent or otherwise and whether due or to become due) that is not disclosed in this Agreement or the Schedules hereto.
Debts, Obligations and Liabilities. Schedule 3.4 to this Agreement contains a complete and accurate list, description, and schedule of all of the outstanding debts, liabilities, and pecuniary obligations of the Embedded Business. The Embedded Business has no other debts, liabilities, or obligations of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, that are not set forth in Schedule 3.4.
Debts, Obligations and Liabilities. All debts, obligations and/or liabilities, whether known or unknown, of the Corporation, shall, upon the execution of this Agreement, remain with the Corporation and the Seller shall have no further debt, obligation or liability for the debts, obligations and liabilities of the Corporation.
Debts, Obligations and Liabilities. Exhibit "4" to this Agreement contains a true and complete schedule of all monetary liabilities and obligations of Subsidiary. Subsidiary does not have any monetary debts, liabilities, or obligations of any nature, whether accrued, absolute, contingent, or otherwise, and whether due or to become due, that are not set forth in Exhibit "4." Nothing in this Section is intended to refer to written contracts for laboratory services to be performed by Subsidiary.