Assumed Liabilities has the meaning set forth in Section 2.3.
Assumed Obligations has the meaning specified in Section 2.2.
Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.
Assumed Leases has the meaning set forth in Section 2.2.1(b).
Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.