EFFECTIVE DATE OF ASSUMPTION. Wherever it is provided in this Agreement that Purchaser shall assume all obligations of Seller, such assumption shall be effective only from and after the Closing Date and no such assumption shall require Purchaser to assume, nor shall it assume, any liabilities or obligations of Seller relating to or arising from Seller's performance of, or failure to perform, any of the terms of the assumed obligation prior to the Closing Date (except as otherwise expressly provided in this Agreement.)
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Key Tronic Corp), Purchase and Sale Agreement (Cavanaughs Hospitality Corp), Purchase and Sale Agreement (Cavanaughs Hospitality Corp)
