Common use of Description of Assumed Liabilities Clause in Contracts

Description of Assumed Liabilities. On the terms and subject to the conditions of this Agreement, Purchaser shall assume as of the Closing Date, and agree to pay and discharge in due course thereafter, and otherwise to perform in accordance with their requirements, the following, and only the following, debts, liabilities and obligations of Seller (the “Assumed Liabilities”) but only to the extent they are not Retained Liabilities:

Appears in 2 contracts

Samples: Asset Purchase Agreement (ORBCOMM Inc.), Asset Purchase Agreement (ORBCOMM Inc.)

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Description of Assumed Liabilities. On the terms and subject to the conditions of this Agreement, Purchaser shall assume as of the Closing Date, and agree to pay and discharge in due course thereafter, and otherwise to perform in accordance with their requirements, the following, and only the following, debts, liabilities and obligations of Seller the Company (the “Assumed Liabilities”) but only to the extent they are not Retained Liabilities:

Appears in 1 contract

Samples: Asset Purchase Agreement (ORBCOMM Inc.)

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Description of Assumed Liabilities. On the terms and subject to the conditions of this Agreement, Purchaser shall assume as of the Closing Date, and agree to pay and discharge in due course thereafter, and otherwise to perform in accordance with their requirements, the following, and only the following, debts, liabilities and obligations of Seller Sellers (the “Assumed Liabilities”) but only to the extent they are not Retained Liabilities:

Appears in 1 contract

Samples: Asset Purchase Agreement (ORBCOMM Inc.)

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