Common use of Assignment and Assumption of Assumed Liabilities Clause in Contracts

Assignment and Assumption of Assumed Liabilities. On the terms and subject to the conditions set forth in the Asset Purchase Agreement, the Purchaser hereby assumes, and agrees to timely pay, perform and discharge in accordance with their terms, the Assumed Liabilities.

Assignment and Assumption of Assumed Liabilities. On the terms (a) Seller hereby assigns to Purchaser, its respective successors and subject to the conditions set forth in the Asset Purchase Agreementassigns, and the Purchaser hereby assumes, and agrees to timely pay, perform and discharge in accordance with their termsthe terms and conditions of the Purchase Agreement, the Assumed Liabilities.