Common use of General Provisions Relating to Assumption of Liabilities Clause in Contracts

General Provisions Relating to Assumption of Liabilities. Notwithstanding anything to the contrary contained in this Agreement including, without limitation, the terms and provisions of this Article III, none of the Parties shall be deemed to have assumed, and the Subject Interests have not and are not being distributed or contributed, as the case may be, subject to, any liens or security interests securing consensual indebtedness covering such Subject Interests, and all such liens and security interests shall be deemed to be excluded from the assumptions of liabilities made under this Article III.

Appears in 3 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Duncan Energy Partners L.P.), Contribution, Conveyance and Assumption Agreement (Duncan Energy Partners L.P.), Contribution, Conveyance and Assumption Agreement (Duncan Energy Partners L.P.)

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General Provisions Relating to Assumption of Liabilities. Notwithstanding anything to the contrary contained in this Agreement including, without limitation, the terms and provisions of this Article III, none of the Parties shall be deemed to have assumed, and the Subject Interests have Interest has not and are is not being distributed or contributed, as the case may be, subject to, any liens or security interests securing consensual indebtedness covering such Subject InterestsInterest, and all such liens and security interests shall be deemed to be excluded from the assumptions of liabilities made under this Article III.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Williams Partners L.P.), Contribution, Conveyance and Assumption Agreement (Williams Partners L.P.), Contribution, Conveyance and Assumption Agreement (Williams Partners L.P.)

General Provisions Relating to Assumption of Liabilities. Notwithstanding anything to the contrary contained in this Agreement Agreement, including, without limitation, the terms and provisions of this Article IIII, none of the Parties no Party shall be deemed to have assumed, and the Subject Interests have not and are not being distributed assigned or contributed, as the case may be, subject toto any Encumbrances of any kind, any liens or security interests including, without limitation, Encumbrances securing consensual indebtedness covering such Subject InterestsIndebtedness other than Encumbrances provided in the Charter Documents of Enterprise Holding III, and all such liens and security interests Encumbrances shall be deemed to be excluded from the assumptions of liabilities made under this Article III.I.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Duncan Energy Partners L.P.)

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General Provisions Relating to Assumption of Liabilities. Notwithstanding anything to the contrary contained in this Agreement including, without limitation, the terms and provisions of this Article III, none of the Parties shall be deemed to have assumed, and none of the Subject Interests interests have not and been or are not being distributed or contributed, as the case may be, contributed subject to, any liens or security interests securing consensual indebtedness covering such Subject Interestsany of the interests, and all such liens and security interests shall be deemed to be excluded from the assumptions of liabilities made under this Article III.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (Williams Partners L.P.)

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