Liability of Purchaser Sample Clauses
Liability of Purchaser. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing.
Liability of Purchaser. Purchaser and Provider acknowledge that Purchaser has legal liabilities under its contract with various State and Federal agencies and that nothing herein shall relieve, or be construed to relieve, Purchaser of its obligations under those contracts. Any term in this contract that is later determined to be inconsistent with Purchaser's obligations under its contract with the above stated agencies, or that in any way terminates Purchaser's legal liability to the above stated agencies, shall become null and void.
Liability of Purchaser. 18.1 If the PURCHASER is more than 1 (one) person, then all the persons signing the agreement shall jointly, severally and in solidum be liable for the due performance of its obligations in terms of this agreement and the PURCHASER hereby renounces all benefits arising from the legal exceptions de duobus vel pluribus xxxx debendi.
18.2 If this agreement is entered into by the PURCHASER in a representative capacity, then the signatory binds himself as surety and co-principal debtor in favour of the represented party for the due performance of his principal in terms of this agreement and the PURCHASER hereby renounces all benefits arising from the legal exceptions that may be applicable, namely ordinis seu execusionis et divisionis and de duobus vel pluribus xxxx debendi.
18.3 If this agreement is entered into by the signatory as Trustee for a Company or Close Corporation to be formed or already formed, or on behalf of himself or his nominee, then in that instance the signatory shall in his personal capacity as surety and co-principal debtor be liable for the due fulfilment of all the obligations of such party in terms of this agreement, specifically including but not limited to the payment of interest and or levies.
i. the Close Corporation or Company to be formed is not formed before or on the date on which payment of the outstanding balance or guarantees in terms of clause 4 of this agreement is to be furnished; or
ii. the Close Corporation or Company is formed, but does not ratify, adopt and accept this agreement; or
iii. the Close Corporation of Company ratifies, adopts and accepts this agreement, but does not perform timeously in terms thereof; or
iv. if a Close Corporation or Company which has already been formed and such Company and Close Corporation fail to perform timeously in terms of this agreement; or
v. such party nominates another person and the person thus nominated does not accept or does accept the nomination, but fails to perform timeously in terms of this agreement.
18.4 The trustee referred to in 18.3 above hereby renounces all benefits arising from the legal exceptions that may be applicable, namely ordinis seu execusionis et divisionis and de duobus vel pluribus xxxx debendi.
18.5 If this agreement is entered into by the PURCHASER as the founder of a trust to be created, then the signatory binds himself as surety and co-principal debtor in favour of the represented party for the due performance by his principal of the terms of this agr...
Liability of Purchaser. If the Purchaser shall default in performance of any obligation under this offer to purchase and such default entitles the Vendor to terminate this offer to purchase, such right of termination shall be the Vendor's only remedy and the Vendor shall be entitled to retain the First Deposit as liquidated damages, the Vendor hereby waiving any and all other remedies available to it by law or otherwise.
Liability of Purchaser. The fact that Purchaser is not obligated to indemnify Seller hereunder shall not be construed so as to limit the rights or remedies that Seller may otherwise have against Purchaser, whether under this Agreement or applicable law, in the event of (a) any breach or inaccuracy of a representation or warranty of Purchaser contained in this Agreement or (b) any failure by Purchaser to perform or comply with any covenant given by Purchaser contained in this Agreement.
Liability of Purchaser. At the Closing, Purchaser shall assume all Liability for Property and Production Taxes attributable to the ownership or operation of the Acquired Assets with respect to all taxable periods that begin before, on, or after the Effective Time, and all Liability for Property and Production Taxes attributable to the Straddle Period (and all such Property and Production Taxes with respect to all such taxable periods shall be deemed completely and finally settled by the related Purchase Price adjustment under Section 3.2).
Liability of Purchaser. The Purchaser shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Purchaser under this Agreement and the representations made by the Purchaser in this Agreement.
Liability of Purchaser. INDEMNIFICATION BY SELLER; -------------------------------------------------- TERMINATION RIGHTS ------------------
Liability of Purchaser. (1) For the purposes of this Supplement, the liability of the purchaser shall be determined as if the purchaser had been required to contribute to the Fund, in the year of the sale and the four Plan Years preceding the sale, the amount the seller was required to contribute for such operations for such five Plan Years.
(2) If the Plan is in reorganization in the Plan Year in which the sale of assets occurs, the purchaser shall furnish a bond or escrow in an amount equal to 200 percent of the amount described in subsection (a)(1)(B).
Liability of Purchaser. 13. SPECIFIC COVENANTS 13.1 Restrictive covenants of certain Sellers