Common use of Liabilities Being Assumed Clause in Contracts

Liabilities Being Assumed. Except as otherwise provided herein and subject to the terms and conditions of this Agreement, simultaneously with the sale, transfer, conveyance and assignment to the Buyer of the Purchased Assets, the Buyer shall assume, and hereby agrees to pay when due, those liabilities accruing after the Closing Date under the equipment leases identified in Schedule 1.1(c) and the office leases identified in Schedule 1.1(f) (the "Assumed Obligations").

Liabilities Being Assumed. Except as otherwise provided herein and subject to the terms and conditions of this Agreement, simultaneously with the sale, transfer, conveyance and assignment to the Buyer of the Purchased Assets, the Buyer shall assume, and hereby agrees to pay when due, those liabilities accruing after the Closing Date under the any equipment leases identified in Schedule 1.1(c) and the under any office leases lease identified in Schedule 1.1(f) (the "Assumed Obligations").