Common use of Obligations and Liabilities Not Assumed Clause in Contracts

Obligations and Liabilities Not Assumed. Nothing expressed or implied in this Xxxx of Sale and Assignment shall be deemed to be an assumption by the Purchaser or its subsidiaries of any Liabilities of the Seller. Other than the Assumed Liabilities, neither the Purchaser nor its subsidiaries by this Xxxx of Sale and Assignment, agree to assume or agree to pay, perform or discharge any liabilities of the Seller of any nature, kind or description whatsoever.

Appears in 1 contract

Samples: Asset Purchase Agreement (Utstarcom Inc)

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Obligations and Liabilities Not Assumed. Nothing expressed or implied in this Xxxx of Sale and Assignment Conveyance shall be deemed to be an assumption by the Purchaser or its subsidiaries of any Liabilities of the Seller. Other than the Assumed Liabilities, neither the The Purchaser nor its subsidiaries does not by this Xxxx of Sale and AssignmentConveyance, agree to assume or agree to pay, perform or discharge any liabilities of the Seller of any nature, kind or description whatsoever.

Appears in 1 contract

Samples: Purchase Agreement (Thomson Corp /Can/)

Obligations and Liabilities Not Assumed. Nothing expressed or implied in this Xxxx of Sale and Assignment shall be deemed to be an assumption by the Purchaser or its subsidiaries of any Liabilities of the Seller. Other than the Assumed Liabilities, neither Neither the Purchaser nor its subsidiaries by this Xxxx of Sale and Assignment, agree to assume or agree to pay, perform or discharge any liabilities of the Seller of any nature, kind or description whatsoever.

Appears in 1 contract

Samples: Umbrella Agreement (Halsey Drug Co Inc/New)

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Obligations and Liabilities Not Assumed. Nothing expressed or implied in this Xxxx of Sale and Assignment shall be deemed to be an assumption by the Purchaser or its subsidiaries of any Liabilities liabilities of the Seller. Other than the Assumed Liabilities, neither the Purchaser nor its subsidiaries does not by this Xxxx of Sale and Assignment, agree to assume or agree to pay, perform or discharge any liabilities of the Seller of any nature, kind or description whatsoever.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cirtran Corp)

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