Examples of Assumed Assets in a sentence
In accordance with and subject to the terms of the Asset Purchase Agreement, Seller hereby sells, assigns, transfers and conveys to Purchaser, to the extent that such are legally assignable and any necessary consents to assignment have been obtained, all of Seller’s right, title and interest in, under and to the Assumed Assets, free and clear of any Liens or Liabilities other than the Permitted Exceptions and Assumed Liabilities, from and after the Closing.
Purchaser and Seller shall apportion pro rata all real property and personal property Taxes paid or payable in connection with the Assumed Assets.
All facts and information with regard to the condition of the Acquired Assets, the Assumed Assets and Acquired Business that would reasonably be considered as material for disclosure in connection with the transactions set forth in this Agreement have been disclosed to Buyer.
Each of the parties hereto agrees to take such actions and use such efforts as reasonably necessary to fully consummate the assignment and assumption of the Assumed Assets and Assumed Liabilities set forth in this Agreement.
WPEC shall indemnify EMAC for all undisclosed liabilities, claims, costs, expenses, and litigation resulting from WPEC's operations of the Assumed Assets prior to the date of Closing of the acquisition.