Common use of Distribution of Assets and Discharge of Liabilities Clause in Contracts

Distribution of Assets and Discharge of Liabilities. Prior to the Closing, and as a condition to Closing, Corporation shall have distributed to Stockholder all of the assets listed on Schedule 5.8 , which are not being acquired by Omega (the "Excluded Assets"). Additionally, prior to the Closing, Corporation shall have paid or discharged all liabilities or charges for costs or fees owed as a result of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Omega Health Systems Inc)

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Distribution of Assets and Discharge of Liabilities. Prior to the ClosingEffective Time, and as a condition to Closing, Corporation shall have distributed to Stockholder all of the assets listed on Schedule 5.8 , which are not being acquired by Omega (the "Excluded Assets"). Additionally, prior to the ClosingEffective Time, Corporation shall have paid or discharged all liabilities or charges for costs or fees owed as a result of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Omega Health Systems Inc)

Distribution of Assets and Discharge of Liabilities. Prior to the ClosingEffective Time, and as a condition to Closing, each Corporation shall have distributed to Stockholder all of the assets listed on Schedule Exhibit 5.8 , which are not owned by either Corporation and are not being acquired by Omega (the "Excluded Assets"). Additionally, prior to the ClosingEffective Time, each Corporation shall have paid or discharged all liabilities or charges for costs or fees owed as a result of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Omega Health Systems Inc)

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Distribution of Assets and Discharge of Liabilities. Prior to the Closing, and as a condition to Closing, Corporation shall have distributed to Stockholder all of the assets listed on Schedule SCHEDULE 5.8 , which are not being acquired by Omega (the "Excluded Assets"). Additionally, prior to the Closing, Corporation shall have paid or discharged all liabilities or charges for costs or fees owed as a result of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Omega Health Systems Inc)

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