Assumed Liability definition

Assumed Liability means any one of them;

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Assumed Liability or “Assumed Liabilities” has the meaning ascribed to it in Section 2.2.

Assumed Liability shall have the meaning set forth in Section 2.4.

Examples of Assumed Liability in a sentence

• If after Closing, Buyer reasonably determines that any Liability that is an Assumed Liability or Loss occurring prior to Closing with respect to any Acquired Asset or Assumed Liability is covered by any Insurance Policy of the Company (or any Affiliate of the Company), then Buyer may give a notice to the Company that states such determination and describes the foregoing in reasonable detail.

• Except for the transactions contemplated by this Agreement or any other Acquisition Document, as of the date hereof, no Transferred Subsidiary has entered into (or is currently subject to) any written commitments, contracts or options to purchase or acquire any material real property or any direct or indirect interest therein that would constitute an Acquired Asset or Assumed Liability.

• Dublin shall retain the obligation to undertake Remediation at real property owned by Dublin or any of its Affiliates, whether or not the Remediation Liability is an Assumed Liability or Retained Liability, subject to the terms of any lease with a Transferred Subsidiary (or any assignee thereof or successor thereto).

More Definitions of Assumed Liability

Assumed Liability has the meaning set forth in Section 1.3.

Assumed Liability has the meaning set forth in the Separation Agreement.

Assumed Liability is defined in Section 1.1(c).

Assumed Liability those executory obligations arising after the Closing under the Transferred Contracts which do not relate to (i) any breach of, or failure to comply with, prior to the Closing, any representation, warranty, covenant or obligation in any such Transferred Contract, (ii) any event that occurred prior to the Closing which, with or without notice, lapse of time or both, would constitute such a breach or failure, or (iii) any indemnification claim relating to any of the matters set forth in clauses (i) or (ii) of this Section 2.2. For the avoidance of doubt, neither Acquiror not any of its Affiliates shall assume Payables, which shall remain Retained Liabilities under Section 2.4.

Assumed Liability means each liability or obligation of the Company that is:

Assumed Liability has the meaning ascribed to it in the Asset Transfer Agreement.

Assumed Liability those executory obligations arising after the Closing under the Transferred Contracts which do not relate to (i) any breach of, or failure to comply with, prior to the Closing, any representation, warranty, covenant or obligation in any such Transferred Contract, (ii) any event that occurred prior to the Closing which, with or without notice, lapse of time or both, would constitute such a breach or failure, or (iii) any indemnification claim relating to any of the matters set forth in clauses (i) or (ii) of this Section 2.2.