Common use of Liabilities Not Assumed by Buyer Clause in Contracts

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a) and 1.02(b) of this Agreement, Buyer does not and will not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or prior to the Closing Date or which are otherwise related to Seller (the “Excluded Liabilities”).

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement (Howard Bancorp Inc), Branch Purchase and Assumption Agreement (Cecil Bancorp Inc), Branch Purchase and Assumption Agreement (Howard Bancorp Inc)

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Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a), 1.02(b) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume or be bound by any duties, responsibilities, obligations or liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the Assets or the conduct of business at the Branch Office Offices on or prior to the Closing Date or which are otherwise related to Seller (the “Excluded Liabilities”).

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Limestone Bancorp, Inc.)

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a), 1.02(b), 1.02(c), 1.02(d) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or prior to the Closing Date or which are otherwise related to Seller (the “Excluded Liabilities”).

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Your Community Bankshares, Inc.)

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a), 1.02(b) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or Offices prior to the Closing Date or which are otherwise related to Seller (the "Excluded Liabilities").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Gold Banc Corp Inc)

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a), 1.02(b), 1.02(c) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or Offices prior to the Closing Date or which are otherwise related to Seller (the “Excluded Liabilities”).

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Harrington West Financial Group Inc/Ca)

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections Section 1.02(a) ), Section 1.02(c), Section 1.02(c), and 1.02(b) of this AgreementSection 2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or prior to the Closing Date or which are otherwise related to Seller (the “Excluded Liabilities”).

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Citizens First Corp)

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a), 1.02(b) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or prior to the Closing Date or which are otherwise related to Seller (the "Excluded Liabilities").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Jacksonville Bancorp Inc)

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Liabilities Not Assumed by Buyer. Other than those liabilities --------------------------------- specifically assumed in Sections 1.02(a), 1.02(b) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or prior to the Closing Date or which are otherwise related to Seller (the "Excluded Liabilities").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (HCB Bancshares Inc)

Liabilities Not Assumed by Buyer. Other than those liabilities specifically assumed in Sections 1.02(a), 1.02(b), 1.02(c) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or Offices prior to the Closing Date or which are otherwise related to Seller (the "Excluded Liabilities").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Ames National Corp)

Liabilities Not Assumed by Buyer. Other than those ------------------------------------- liabilities specifically assumed in Sections 1.02(a), 1.02(b) and 1.02(b) of this Agreement2.03 hereof, Buyer does not and will shall not assume any liabilities of Seller, whether known or unknown, disclosed or undisclosed, contingent or otherwise, which have arisen or may arise or be established in connection with the conduct of business at the Branch Office on or Offices prior to the Closing Date or which are otherwise related to Seller (the "Excluded Liabilities").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Southern Bancshares Inc/De)

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