Common use of Material Obligations Clause in Contracts

Material Obligations. Incurred any obligation or liability -------------------- (fixed or, to Seller's knowledge, contingent) material to the Business or the Purchased Assets which would constitute an Assumed Liability, except normal trade or business obligations and liabilities incurred in the ordinary course of business and obligations and liabilities in connection with the Transactions;

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hollywood Park Inc/New/), Asset Purchase Agreement (Hollywood Park Inc/New/)

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Material Obligations. Incurred any obligation or liability -------------------- (fixed or, to Seller's knowledge, contingent) material to the Business or the Purchased Assets which would constitute an Assumed Liability, except normal trade or business obligations and liabilities incurred in the ordinary course of business and obligations and liabilities in connection with the Transactions;

Appears in 2 contracts

Samples: Asset Purchase Agreement (Penn National Gaming Inc), Asset Purchase Agreement (Penn National Gaming Inc)

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