Common use of Liabilities to be Retained by Purchaser Clause in Contracts

Liabilities to be Retained by Purchaser. Seller shall retain, and Purchaser shall not assume, perform, discharge or pay, and shall not be responsible for, any and all liabilities or obligations of any nature whatsoever in connection with or relating to the Property, Seller or the Business or any predecessor owner of the Property or the Business other than the Assumed Liabilities (collectively, the "Retained Liabilities").

Appears in 4 contracts

Samples: Purchase Agreement (Family Golf Centers Inc), Asset Purchase Agreement (Family Golf Centers Inc), Purchase Agreement (Family Golf Centers Inc)

AutoNDA by SimpleDocs

Liabilities to be Retained by Purchaser. Seller shall retain, and Purchaser shall not assume, perform, discharge or pay, and shall not be responsible for, any and all liabilities or obligations of any nature whatsoever in connection with or relating to the Property, Seller or the Business or any predecessor owner of the Property or the Business other than the Assumed Liabilities (collectively, the "Retained Liabilities").

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!