Common use of Discharge of Business Obligations Clause in Contracts

Discharge of Business Obligations. From and after the Closing Date, the Seller shall pay and discharge when due all obligations and liabilities of the Seller incurred prior to the Closing Date (except for the Assumed Obligations), and in furtherance of the foregoing shall discharge on a timely basis all such liabilities or obligations to employees, trade creditors, suppliers and customers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Whoodoo Com Inc)

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Discharge of Business Obligations. From and after the Closing DateClosing, except for the Assumed Liabilities, Seller shall pay and discharge when due discharge, in accordance with its past practices but not less than on a timely basis, all of its obligations and liabilities in respect of the Seller incurred prior to Business, its operations or the Closing Date (except for Included Assets and the Assumed Obligations)properties used in the business, and in furtherance of the foregoing shall discharge on a timely basis all such including without limitation any liabilities or obligations to employees, trade creditors, suppliers and customerscustomers of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Simula Inc)

Discharge of Business Obligations. From and after the Closing Date, the Seller shall pay and discharge when due discharge, in accordance with past practice but not other than on a timely basis, all obligations and liabilities of the Seller incurred prior to the Closing Date in respect of the Business, its operation or the assets and properties used therein (except for the Assumed Obligationsthose obligations and liabilities expressly assumed by Purchaser hereunder), and in furtherance of the foregoing shall discharge on a timely basis all such liabilities or obligations to employees, trade creditors, suppliers and customers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Big Flower Holdings Inc)

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

Appears in 1 contract

Samples: Asset Purchase Agreement (General Cable Corp /De/)

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