Common use of Payment of Unassumed Liabilities Clause in Contracts

Payment of Unassumed Liabilities. The Seller agrees promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every Liability of the Seller that is not specifically assumed by the Purchaser pursuant to this Agreement, as described in Section 2.1 of this Agreement.

Appears in 5 contracts

Samples: Asset Purchase and Sale Agreement (2u Online Com Inc), Asset Purchase and Sale Agreement (Asdar Group Inc), Asset Purchase and Sale Agreement (Asdar Inc)

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Payment of Unassumed Liabilities. The Seller agrees promptly to pay ---------------------------------------- when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every unassumed Liability of the Seller that is not specifically assumed by the Purchaser pursuant to this Agreement, as described in Section 2.1 of this AgreementSeller.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Universal Broadband Communications Inc), Asset Purchase and Sale Agreement (Universal Broadband Communications Inc)

Payment of Unassumed Liabilities. The Seller agrees promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every unassumed Liability of the Seller that is not specifically assumed by the Purchaser pursuant to this Agreement, as described in Section 2.1 of this AgreementSeller.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Encore Ventures Inc)

Payment of Unassumed Liabilities. The Seller agrees agree promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every Liability of the Seller that is not specifically assumed by relating to the Purchaser pursuant to this Agreement, as described in Section 2.1 of this AgreementAcquired Business other than the Assumed Liabilities.

Appears in 1 contract

Samples: Agreement for the Purchase (Aremissoft Corp /De/)

Payment of Unassumed Liabilities. The Seller agrees promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every Liability of the Seller that is not specifically assumed by in the Purchaser pursuant to this Agreementordinary course, as described in Section 2.1 of this Agreementbut no later than the Closing Date.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Too Gourmet Inc)

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Payment of Unassumed Liabilities. The Seller agrees promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every Liability of the Seller that is not it specifically assumed by the Purchaser pursuant to this Agreement, as described in Section 2.1 of this Agreement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Fenway International Inc)

Payment of Unassumed Liabilities. The Seller agrees to promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every Liability of Seller relating to the Seller that is not specifically assumed by Acquired Business other than the Purchaser pursuant to this Agreement, as described in Section 2.1 of this AgreementAssumed Liabilities.

Appears in 1 contract

Samples: Agreement (Aremissoft Corp /De/)

Payment of Unassumed Liabilities. The Seller agrees promptly to pay when due, or otherwise to discharge, without cost or expense to the Purchaser, each and every Liability of the Seller that is not specifically assumed by the Purchaser pursuant to this Agreement, as described in Section 2.1 of this Agreementabove.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Omega Med Corp)

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