Common use of 4Retained Liabilities Clause in Contracts

4Retained Liabilities. Notwithstanding anything to the contrary in this Agreement, all Liabilities of each Seller Party, other than the Assumed Liabilities, are not part of the sale and purchase contemplated by this Agreement, shall be retained, paid, performed and discharged by Seller Parties and remain the sole responsibilities of Seller Parties following the Closing (the "Retained Liabilities"), including the following Liabilities: (a) any Liability related to, or occurring or existing in connection with, or arising out of, the ownership or operation of the Business prior to the Closing;

Appears in 1 contract

Sources: Asset Purchase Agreement (Seaboard Corp /De/)

4Retained Liabilities. Notwithstanding anything to the contrary in this Agreement, all Liabilities of each Seller Party, other than the Assumed Liabilities, are not part of the sale and purchase contemplated by this Agreement, shall be retained, paid, performed and discharged by Seller Parties and remain the sole responsibilities of Seller Parties following the Closing (the "Retained Liabilities"), including the following Liabilities: (a) any Liability related to, or occurring or existing in connection with, or arising out of, the ownership or operation of the Business prior to the Closing;; 7

Appears in 1 contract

Sources: Asset Purchase Agreement