Common use of Liabilities of the Purchased Entities Clause in Contracts

Liabilities of the Purchased Entities. The parties agree that none of the Liabilities of the Purchased Entities shall be assumed by Purchaser pursuant to Section 2.4 and that, except to the extent specifically referenced in Section 2.5(b), none of the Liabilities of the Purchased Entities shall be allocated to the Sellers pursuant to Section 2.5, but, subject to Section 2.5(b), that all such Liabilities shall be retained by the respective Purchased Entity in the same manner before and after the Closing Date without any change therein as a result of the transactions contemplated hereunder, except as otherwise set forth herein.

Appears in 4 contracts

Samples: Asset and Stock Purchase Agreement, Asset and Stock Purchase Agreement (Sensata Technologies Holding N.V.), Asset and Stock Purchase Agreement (Sensata Technologies B.V.)

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