Common use of Seller’s Liability Clause in Contracts

Seller’s Liability. Seller shall remain liable for, and covenants to pay, satisfy, or discharge when due, all Excluded Obligations and all liabilities, payments, obligations, and duties under the Agreements or other instruments transferred or assigned to Buyer hereunder, accruing prior to or by reason of events occurring prior to Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Legacy Communications Corp), Asset Purchase Agreement (Legacy Communications Corp)

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Seller’s Liability. Seller shall shall, remain liable for, for and covenants to ================== pay, satisfy, or discharge when duedischarge, all Excluded Obligations and all liabilities, paymentspayment, obligations, and duties under (a) the Agreements and any leases or other instruments transferred or assigned to Buyer hereunder, accruing prior to or by reason of events occurring prior to Closingthe Closing Date, and (b) all Agreements not being transferred to Buyer no matter when the obligations occur.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Radio One Inc), Asset Purchase Agreement (Radio One Inc)

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Seller’s Liability. Seller shall remain liable for, and covenants to pay, satisfy, or discharge when due, all Excluded Obligations and all liabilities, payments, obligations, and duties under the Agreements or other instruments transferred or assigned to Buyer hereunder, accruing prior to or by reason of events occurring prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Longfoot Communications Corp.)

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