Common use of Liabilities Assumed by Buyer Clause in Contracts

Liabilities Assumed by Buyer. Buyer shall pay and otherwise perform when due the obligations of Seller: (a) under the Store Leases and the Assumed Contracts relating to periods after the Closing Date (as defined in Section 6 below); and (b) to Seller's current employees only for accrued but unused PTO (paid time-off) including, without limitation, accrued but unused sick leave, family leave and vacation time for those employees that Buyer, in the exercise of its sole judgment, elects to employ as provided in Section 3.3 below (collectively the "Assumed Liabilities").

Liabilities Assumed by Buyer. Buyer shall pay and otherwise perform when due the obligations of SellerSellers: (a) under the Store Leases and the Assumed Contracts relating to periods after the Closing Date (as defined in Section 6 5 below); and (b) to Seller's Sellers' current employees only for post-petition accrued but unused PTO (paid time-off) including, without limitation, accrued but unused sick leave, family leave and vacation time for those employees that Buyer, in the exercise of its sole judgment, elects to employ as provided in Section 3.3 below (collectively the "Assumed Liabilities").