Common use of Non-Assumption of Certain Liabilities Clause in Contracts

Non-Assumption of Certain Liabilities. Buyer is not assuming, and ------------------------------------- shall not be deemed to have assumed any liabilities, obligations or commitments of Seller or the Company, whether contingent or non-contingent, liquidated or unliquidated, asserted or unasserted, other than the Assumed Liabilities (the "Excluded Liabilities"), all of which shall remain the liabilities, obligations and commitments of Seller. The Excluded Liabilities shall include, but shall not be limited to, the following:

Appears in 2 contracts

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

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Non-Assumption of Certain Liabilities. Buyer is not assuming, and ------------------------------------- shall not be deemed to have assumed any liabilities, obligations or commitments of Seller or the Company, whether contingent or non-contingent, liquidated or unliquidated, asserted or unasserted, other than the Assumed Liabilities (the "Excluded Liabilities"), all of which shall remain the liabilities, obligations and commitments of Seller. The Excluded Liabilities shall include, but shall not be limited to, the following:

Appears in 2 contracts

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

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