Examples of Assumed Liabilities in a sentence
Other than the Assumed Liabilities, the Purchaser shall not assume and shall not be responsible to pay, perform or discharge any of the Liabilities or claims, including any Tax Liabilities, employment claims, or civil Liabilities associated with the Purchased Assets, the Excluded Assets, the Vendors, the Vendors’ Clinics, the Medspa Clinics or anything else associated with the Vendors’ Clinics, the Medspa Clinics or the Purchased Assets incurred before the Closing Date (the “Excluded Liabilities”).
Buyer is assuming the Assumed Liabilities, and not assuming and shall not be obligated or liable for any other the liabilities, obligations, contracts or commitments of Sellers or Seller Guarantor, except as otherwise provided for herein.
Except for the Assumed Liabilities, it is expressly understood and agreed that Purchaser will not assume, and will not be liable for, any liabilities or obligations of Seller or the Business (collectively, the “Excluded Liabilities”), and Seller will retain responsibility for such Excluded Liabilities, whether or not accrued and whether or not disclosed.
Notwithstanding the provisions of Section 2.03 or any other provision in this Agreement to the contrary, Buyer shall not assume and shall not be responsible to pay, perform or discharge any Liabilities of Seller or any of its Affiliates of any kind or nature whatsoever other than the Assumed Liabilities (the “Excluded Liabilities”).
The Acquired Companies, as reorganized under the Chapter 11 Plan, shall not have any Liabilities other than the Assumed Liabilities.