Common use of Liabilities Not Assumed Clause in Contracts

Liabilities Not Assumed. Buyer agrees to assume only those liabilities listed in this Agreement. It is expressly understood and agreed that Buyer shall not be liable for any of the obligations or liabilities of the Seller, except as otherwise set forth herein.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (VCG Holding Corp), Purchase and Sale Agreement (VCG Holding Corp), Purchase and Sale Agreement (VCG Holding Corp)

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Liabilities Not Assumed. Buyer agrees to shall assume only those liabilities listed in this Agreement. It is expressly understood and agreed that Buyer shall not be liable for any of the obligations or liabilities liability of the Seller, except as otherwise set forth herein.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Saint Andrews Golf Corp), Purchase and Sale Agreement (Las Vegas Discount Golf & Tennis Inc)

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Liabilities Not Assumed. Buyer agrees to assume only those liabilities listed the Assumed Liabilities as defined in this Agreement. It is expressly understood and agreed that Buyer shall not be liable for any of the obligations or liabilities of Seller that are defined herein as the Seller, except as otherwise set forth hereinExcluded Liabilities.

Appears in 1 contract

Samples: Purchase and Sale Agreement (VCG Holding Corp)

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