Common use of LIABILITIES TO BE ASSUMED Clause in Contracts

LIABILITIES TO BE ASSUMED. On the terms and subject to the conditions of this Agreement, in partial consideration of the sale, transfer, conveyance and assignment to Purchaser of the Assets, as of the Effective Time, Purchaser shall assume the following debts, liabilities and obligations of Seller and/or its Affiliates (collectively, the “Assumed Liabilities”):

Appears in 6 contracts

Samples: Asset Purchase Agreement (NPC Restaurant Holdings, LLC), Asset Purchase Agreement (Wendy's Co), Asset Purchase Agreement (Wendy's Co)

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LIABILITIES TO BE ASSUMED. On Subject to the terms and subject to the conditions of this Agreement, in partial consideration of the sale, transfer, conveyance and assignment to Purchaser of the Assets, as of the Effective Time, Purchaser shall will assume the following debts, liabilities and obligations of Seller and/or its Affiliates (collectivelythat arise from and after the Closing Date in respect of, and to the extent related to, the “Assumed Liabilities”):business conducted at the Stores and will assume no other liabilities or obligations of Seller: (a) all liabilities arising under the Lease Agreements for the Leased Property; and

Appears in 1 contract

Samples: Asset Purchase Agreement (Fast Food Operators Inc)

LIABILITIES TO BE ASSUMED. On Subject to the terms and subject to the conditions of this Agreement, in partial consideration of the sale, transfer, conveyance and assignment to Purchaser of the Assets, as of the Effective Time, Purchaser shall will assume the following debts, liabilities and obligations of Seller and/or its Affiliates (collectivelythat arise from and after the Closing Date in respect of, and to the extent related to, the “Assumed Liabilities”):business conducted at the Stores and will assume no other liabilities or obligations of Seller:

Appears in 1 contract

Samples: Asset Purchase Agreement (Fast Food Operators Inc)

LIABILITIES TO BE ASSUMED. On Subject to the terms and subject to the conditions of this Agreement, in partial consideration of the sale, transfer, conveyance and assignment to Purchaser of the Assets, as of the Effective Time, Purchaser shall will assume the following debts, liabilities and obligations of Seller and/or its Affiliates (collectivelythat arise from and after the Closing Date in respect of and to the extent related to the business conducted at the Store, the “Assumed Liabilities”):and will assume no other liabilities or obligations of Seller:

Appears in 1 contract

Samples: Asset Purchase Agreement (Fast Food Operators Inc)

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LIABILITIES TO BE ASSUMED. On (a) Subject to the terms and subject to the conditions of this Agreement, in partial consideration of the sale, transfer, conveyance and assignment transfer to Purchaser the Buyer of the Assets, at the Closing (as defined in Section 3), the Buyer shall assume and thereafter pay, perform, satisfy and discharge the following obligations and liabilities of the Effective TimeSeller exclusively relating to the Business and the ownership, Purchaser shall assume use or possession of the following debts, liabilities and obligations of Seller and/or its Affiliates Assets (collectively, the “Assumed Liabilities”):

Appears in 1 contract

Samples: Asset Purchase Agreement (Image Entertainment Inc)

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