Common use of Sale at Closing Date Clause in Contracts

Sale at Closing Date. The sale, transfer, assignment and delivery by Seller of the Purchased Assets to Purchaser, and the assumption by Purchaser of the Assumed Liabilities, as herein provided shall be effected on the Closing Date by (a) the execution and delivery by Seller and Purchaser of an Assignment and Assumption Agreement for the Lease and each of the Other Contracts substantially in the form of EXHIBIT A, pursuant to which Assignment and Assumption Agreements Purchaser shall be subject to all liabilities and obligations under the Assigned Contracts which accrue after the Closing Date, and (b) with respect to the other Purchased Assets and Assumed Liabilities, by the execution and delivery by the Seller and Purchaser of the Bill xx Sale and Assumption Agreement substantially in the form of EXHIBIT B.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rankin Automotive Group Inc)

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Sale at Closing Date. The sale, transfer, assignment and delivery by Seller of the Purchased Assets to Purchaser, and the assumption by Purchaser of the Assumed Liabilities, Liabilities as herein provided provided, shall be effected on the Closing Date by (a) the execution and delivery by Seller and Purchaser of (i) a Lease Assignment and Assumption Agreement, substantially in the form of EXHIBIT D, for the Assigned Leases, pursuant to which Lease Assignment and Assumption Agreement Purchaser shall confirm its assumption of all liabilities and obligations under the Assigned Leases which accrue from and after the Effective Date; (ii) an Assignment and Assumption Agreement for the Lease and each of the Other Contracts Contracts, substantially in the form of EXHIBIT A, pursuant to which Assignment and Assumption Agreements Purchaser shall be subject to all liabilities and obligations under the Assigned Contracts which accrue after the Closing Date, ; and (biii) with respect to the other Purchased Assets and Assumed Liabilities, by the execution and delivery by the Seller and Purchaser a Bill of the Bill xx Sale and Assumption Agreement substantially in the form of EXHIBIT EXXXXXT B.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aps Holding Corporation)

Sale at Closing Date. The sale, transfer, assignment and delivery by Seller of the Purchased Assets to Purchaser, and the assumption by Purchaser of the Assumed Liabilities, as herein provided shall be effected on the Closing Date by (a) the execution and delivery by Seller and Purchaser of an Assignment and Assumption Agreement for the Lease and each of the Other Contracts substantially in the form of EXHIBIT A, pursuant to which Assignment and Assumption Agreements Purchaser shall be subject to all liabilities and obligations under the Assigned Contracts which accrue after the Closing Date, and (b) with respect to the other Purchased Assets and Assumed Liabilities, by the execution and delivery by the Seller Sellers and Purchaser of the Bill xx Sale and Assumption Agreement substantially in the form of EXHIBIT B.

Appears in 1 contract

Samples: Asset Purchase Agreement (Parts Source Inc)

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Sale at Closing Date. The sale, transfer, assignment and delivery by Seller of the Purchased Assets to Purchaser, and the assumption by Purchaser of the Assumed Liabilities, as herein provided shall be effected on the Closing Date by (a) the execution and delivery by Seller and Purchaser of an Assignment and Assumption Agreement for the Lease and each of the Other Assigned Contracts substantially in the form of EXHIBIT A, pursuant to which Assignment and Assumption Agreements Purchaser shall be subject to all liabilities and obligations under the Assigned Contracts which accrue after the Closing Date, and (b) with respect to the other Purchased Assets and Assumed Liabilities, by the execution and delivery by the Seller and Purchaser of the Bill xx Sale and Assumption Agreement substantially in the form of EXHIBIT B.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rankin Automotive Group Inc)

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