Common use of PERFORMANCE UNDER ASSIGNED CONTRACTS Clause in Contracts

PERFORMANCE UNDER ASSIGNED CONTRACTS. Purchaser agrees that from and after the Closing Date it shall (i) assume all obligations and liabilities under the Assigned Contracts which accrue after the Closing Date, (ii) take all actions necessary to satisfy its obligations under the terms and conditions of each of the Assigned Contracts and (iii) indemnify and hold harmless Seller for any damages arising out of a breach of this covenant.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Rankin Automotive Group Inc), Asset Purchase Agreement (Rankin Automotive Group Inc), Asset Purchase Agreement (Parts Source Inc)

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PERFORMANCE UNDER ASSIGNED CONTRACTS. Purchaser agrees that from and after the Closing Date it shall (i) assume all obligations and liabilities of Seller under the Assigned Contracts which accrue from and after the Closing Effective Date, (ii) take all actions necessary to satisfy its obligations and liabilities under the terms and conditions of each of the Assigned Contracts Contracts, and (iii) indemnify and hold harmless Seller for any damages damages, losses and liabilities arising out of a breach of this covenant.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aps Holding Corporation)

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PERFORMANCE UNDER ASSIGNED CONTRACTS. Purchaser agrees that from and after the Closing Date it shall (i) assume all obligations and liabilities under the Assigned Contracts which accrue relate to periods, events or circumstances after the Closing Date, (ii) take all actions necessary to satisfy its obligations under the terms and conditions of each of the Assigned Contracts and (iii) indemnify and hold harmless Seller for any damages arising out of a breach of this covenant.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rankin Automotive Group Inc)

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