Common use of Seller’s Debts, Liabilities and Obligations Clause in Contracts

Seller’s Debts, Liabilities and Obligations. The parties hereby acknowledge and agree that all debts, claims, obligations and liabilities whatsoever of Seller shall be the sole responsibility of Seller, and that Buyer are not assuming, and shall not be obligated or deemed to assume, any debt, claim or liability of Seller or any debt, claim or liability associated with the Business or the Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Adm Endeavors, Inc.)

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Seller’s Debts, Liabilities and Obligations. The Except as specifically set forth on Schedule 1.3 hereto, the parties hereby acknowledge and agree that all debts, claims, obligations and liabilities whatsoever of Seller shall be the sole responsibility of Seller, and that Buyer are is not assuming, and shall not be obligated or deemed to assume, any debt, claim or liability of Seller or any debt, claim or liability associated with the Business or the Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Freedom Leaf Inc.)

Seller’s Debts, Liabilities and Obligations. The parties hereby acknowledge and agree that all debts, claims, obligations and liabilities whatsoever of Seller shall be the sole responsibility of Seller, and that Buyer are is not assuming, and shall not be obligated or deemed to assume, any debt, claim or liability of Seller or any debt, claim or liability associated with the Business or Assets, except that Buyer shall assume the Assetsexpense of warehousing the Equipment after the Closing (as defined below).

Appears in 1 contract

Samples: Asset Purchase Agreement (Hempacco Co., Inc.)

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Seller’s Debts, Liabilities and Obligations. The Except as specifically set forth on Schedule 1.3 hereto, the parties hereby acknowledge and agree that all debts, claims, obligations and liabilities whatsoever of Seller Sellers shall be the sole responsibility of SellerSellers, and that Buyer are is not assuming, and shall not be obligated or deemed to assume, any debt, claim or liability of Seller Sellers or any debt, claim or liability associated with the Business Businesses or the AssetsAssets except as expressly set forth on Schedule 1.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Freedom Leaf Inc.)

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