Common use of Discharge of Liabilities Clause in Contracts

Discharge of Liabilities. Following the Closing Date, the Purchaser agrees to discharge the Assumed Liabilities in accordance with their terms and applicable Law.

Appears in 4 contracts

Samples: Servicing Business Asset Purchase Agreement, Servicing Business Asset Purchase Agreement, Servicing Business Asset Purchase Agreement

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Discharge of Liabilities. Following the Closing Date, the Purchaser Seller agrees to discharge the Assumed Liabilities in accordance with their terms all Retained Liabilities, and applicable Lawshall have no liability for the Assumed Liabilities, which shall be the liability of Buyer. Following the Closing Date, Buyer agrees to discharge in accordance with their terms all Assumed Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Siebert Financial Corp)

Discharge of Liabilities. Following the Closing Date, the Purchaser agrees to discharge the Assumed Liabilities in accordance with their terms the Assumed Liabilities and applicable LawSeller agrees to discharge in accordance with their terms all Excluded Liabilities. Purchaser acknowledges and agrees that immediately following the Closing, it will not be subject to any restriction in its ability to discharge the Assumed Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (National Medical Health Card Systems Inc)

Discharge of Liabilities. Following the Closing Date, the Purchaser Buyer agrees to discharge the Assumed Liabilities in accordance with their terms the Assumed Liabilities and applicable LawSeller agrees to discharge in accordance with their terms all Liabilities relating to the Assets, the ModaCAD Cataloguing Products and the ModaCAD CAD Core Technology which are not Assumed Liabilities.

Appears in 1 contract

Samples: Agreement (Modacad Inc)

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Discharge of Liabilities. Following the Closing Date, the Purchaser agrees to discharge the Assumed Liabilities in accordance with their terms the Assumed Liabilities and applicable Lawthe Seller agrees to discharge in accordance with their terms all Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (National Medical Health Card Systems Inc)

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