Common use of Liability of Purchaser and Seller Clause in Contracts

Liability of Purchaser and Seller. 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. The Seller shall not be responsible for any obligation of the Purchaser or any liability for claims arising out of any occurrence on or after Closing.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Chatham Lodging Trust), Purchase and Sale Agreement (Chatham Lodging Trust), Purchase and Sale Agreement (Chatham Lodging Trust)

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Liability of Purchaser and Seller. 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. The Seller shall not be responsible Except for any obligation expressly assumed or agreed to be assumed by Seller hereunder, Seller does not assume any obligation of the Purchaser or any liability for claims arising out of any occurrence on or after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hudson Hotels Trust)

Liability of Purchaser and Seller. 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 Sellers or any liability for claims arising out of any occurrence prior to Closing. The Seller shall not be responsible for any obligation of the Purchaser or any liability for claims arising out of any occurrence on or after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chatham Lodging Trust)

Liability of Purchaser and Seller. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunderhereunder or pursuant to the Confirmation Order, the Purchaser does not assume any obligation of the Seller or any liability for claims Claims arising out of any occurrence prior to Closing. The Seller Except as provided in this Agreement and by Applicable Law, the Sellers shall not be responsible for any obligation of the Purchaser or any liability for claims Claims arising out of any occurrence on or after the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chatham Lodging Trust)

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Liability of Purchaser and Seller. 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 Closingthe Closing Date. The Seller shall not be responsible for any obligation of the Purchaser or have any liability for claims arising out of any occurrence on or after Closingsubsequent to the Closing Date.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Hudson Hotels Trust)

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