Examples of Seller Assumed Liabilities in a sentence
In addition to the assets purchased, the Buyer shall assume and agree to pay, perform and discharge certain liabilities agreed to by the Buyer and Seller ("Assumed Liabilities").
Seller shall have executed an assumption agreement, a form of which is attached hereto as Exhibit C, pursuant to which Seller assumes all Seller Assumed Liabilities that are not discharged at Closing (the "Assumption Agreement").
Buyer covenants and agrees that, from and after the Closing, it shall not with malicious or punitive intent or to obtain an economic benefit induce or suggest to creditors of Seller that they assert or make any claims against Seller in respect of any of the Seller Assumed Liabilities.
This Agreement and each party's respective rights hereunder may not be assigned at any time except as expressly set forth herein without the prior written consent of the other parties, except that Front Royal may assign to one or more of its Subsidiaries all or part of its rights hereunder (but not its obligations to Sellers with respect to the Seller Assumed Liabilities) with respect to the purchase of any or all of the Wycon Assets, the Americlaim Assets and the Unamark Assets.
In the event Seller fails to pay any of the Seller Assumed Liabilities when due, then Buyer may, but shall not be obligated to, make such payment on Seller’s behalf.