Common use of Liabilities and Obligations Not Assumed Clause in Contracts

Liabilities and Obligations Not Assumed. Except as expressly set forth in Section 4a. above, Buyer shall not assume or become obligated in any way to pay any liabilities, debts or obligations of Lender or of Debtor whatsoever. All liabilities, debts and obligations of Lender and of Debtor not expressly assume by Buyer hereunder are hereinafter referred to as the "Excluded Liabilities". The Excluded Liabilities include any liabilities or obligations now or hereinafter arising from Debtor's business activities prior to closing or any liabilities arising out of or connected to the liquidation and winding down of Debtor's business and the following whether incurred or accrued before, at or after closing:

Liabilities and Obligations Not Assumed. Except as expressly set forth in Section 4a4.a. above, Buyer Purchaser shall not assume or become obligated in any way to pay any liabilities, debts or obligations of Lender Seller or of Debtor Borrower whatsoever. All liabilities, debts and obligations of Lender Seller and of Debtor Borrower not expressly assume assumed by Buyer Purchaser hereunder are hereinafter referred to as the "“Excluded Liabilities". .” The Excluded Liabilities include any liabilities or obligations now or hereinafter hereafter arising from Debtor's Borrower’s business activities that took place prior to closing the Closing or any liabilities arising out of or connected to the liquidation and winding down of Debtor's Borrower’s business and the following following, whether incurred or accrued before, at or after closingthe Closing: