Common use of Discharge of Business Obligations Clause in Contracts

Discharge of Business Obligations. From and after the Closing Date Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the Business.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Equalnet Communications Corp), Assets Purchase Agreement (Minnesota Mining & Manufacturing Co), Asset Purchase Agreement (Towne Services Inc)

AutoNDA by SimpleDocs

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly Practice which are not assumed by Purchaser hereunder), including without limitation any liabilities or obligations Vision 21 pursuant to employees, trade creditors and clients of the BusinessSection 1.6.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Vision Twenty One Inc), Asset Purchase Agreement (Vision Twenty One Inc), Asset Purchase Agreement (Vision Twenty One Inc)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Businessits business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employeesemployees (except accrued personal time), trade creditors creditors, and clients of the BusinessSeller's business.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Sibling Group Holdings, Inc.), Asset Purchase Agreement (Sibling Group Holdings, Inc.), Asset Purchase Agreement (Sibling Group Holdings, Inc.)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, discharge when due all obligations and liabilities of Seller incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunderthe Assumed Liabilities), including without limitation any and in furtherance of the foregoing shall discharge on a timely basis all such liabilities or obligations to employees, trade creditors creditors, suppliers and clients of the Businesscustomers.

Appears in 3 contracts

Samples: Asset Purchase Agreement (SFBC International Inc), Asset Purchase Agreement (SFBC International Inc), Asset Purchase Agreement (SFBC International Inc)

Discharge of Business Obligations. From and after the Closing Date Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred incurred, including but not limited to trade payables, current liabilities, and any other Excluded Liability, prior to the Closing Date in respect of the Business, its operations or the assets Purchased Assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors creditors, and clients of the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sibling Group Holdings, Inc.), Asset Purchase Agreement (Vhgi Holdings, Inc.)

Discharge of Business Obligations. From and after the date first above written until Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the BusinessPractice.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Coast Dental Services Inc), Asset Purchase Agreement (Coast Dental Services Inc)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly Seller's ASC Business which are not assumed by Purchaser hereunder), including without limitation any liabilities or obligations pursuant to employees, trade creditors and clients of the BusinessSection 1.6.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vision Twenty One Inc)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and shall discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in with respect to the operation of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the BusinessAssets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Clientlogic Corp)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the BusinessPractice.

Appears in 1 contract

Samples: Asset Purchase Agreement (Coast Dental Services Inc)

AutoNDA by SimpleDocs

Discharge of Business Obligations. From and after the Closing Date Seller Date, Sellers shall pay and discharge, discharge all Excluded Liabilities in accordance with past practice practice, but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Maxco Inc)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations Practice which are not assumed by Vision 21 or the assets and properties used therein (except for those expressly assumed P.L.C. pursuant to Section 1.6, unless such obligations or liabilities are being disputed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the BusinessSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vision Twenty One Inc)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities it has incurred prior to the Closing Date in respect of the Business, its operations or Business to the assets and properties used therein (except for those expressly extent not assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients hereunder as part of the BusinessAssumed Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hollywood Media Corp)

Discharge of Business Obligations. From and after the Closing Date (without being limited by Section 11.1), Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations or the assets and properties used therein (except for those expressly assumed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the BusinessExcluded Liabilities.

Appears in 1 contract

Samples: Share and Asset Purchase Agreement (Advanced Analogic Technologies Inc)

Discharge of Business Obligations. From and after the Closing Date Date, Seller shall pay and discharge, in accordance with past practice but not less than on a timely basis, all obligations and liabilities incurred prior to the Closing Date in respect of the Business, its operations Practice which are not assumed by Vision 21 or the assets and properties used therein (except for those expressly assumed P.C. pursuant to Section 1.6, unless such obligations or liabilities are being disputed by Purchaser hereunder), including without limitation any liabilities or obligations to employees, trade creditors and clients of the BusinessSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vision Twenty One Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!