Common use of Limitation on Assumption of Obligations Clause in Contracts

Limitation on Assumption of Obligations. With the exception of the liabilities and obligations set out in the Purchase Agreement or expressly assumed by Assignee pursuant to Section 1 of this Agreement, Assignee shall not, by execution and delivery of this Agreement, be deemed to have assumed or otherwise become responsible for any liability or obligation of any nature of Assignor, whether relating to Assignor's business or any of Assignor's assets, operations, businesses or activities, or claims of such liability or obligation, matured or unmatured, liquidated or unliquidated, fixed or contingent, or known or unknown, whether arising out of occurrences prior to, at or after the date hereof.