{"component": "clause", "props": {"groups": [{"snippet": "(a) Other than the Assumed Contracts, no existing contracts with Seller shall be assumed by Purchaser, without specific, individual, written consent by Purchaser.\n(b) Seller shall provide Purchaser a list of all existing contracts on Schedule 3.9(b). Except for the Assumed Contracts, Seller is not a party to or otherwise bound by the terms of any material contract, agreement or obligation, written or oral, affecting the Business or the Assets. Seller shall separately identify each Assumed Contract (i) pursuant to which any other party is granted \u201cmost favored party\u201d rights of any type or scope, or containing any non-solicitation or non-competition covenants or other restrictions relating to the Business or that limits the freedom of Seller to engage or participate, or compete with any other Person, in any line of business, market or geographic area, or to make use of any Transferred Intellectual Property, (ii) that is an IP Agreement, (iii) that imposes on Seller payment obligations (contingent or otherwise) in excess of $5,000 per annum, (iv) that provides for payments to Seller in excess of $5,000 per annum, (v) that constitutes a partnership or joint venture agreement, (vi) that evidences outstanding Indebtedness which constitutes an Asset and (vii) that is a Lease.\n(c) Assumed Contracts (if any) are valid, binding and in full force and effect and enforceable by Seller prior to Closing and by Purchaser upon and after Closing.. Neither Seller, nor, to Seller\u2019s Knowledge, any other party, is in material breach, violation of, or default under, and to the Knowledge of Seller, no event has occurred which, with the lapse of time or the giving of notice, or both, is reasonably likely to result in a breach or violation by Seller or such other party of, or default under, any Assumed Contract, and there are no existing disputes or claims of default relating thereto, or any facts or conditions Known to Seller which, if continued, will result in a material default or claim of default thereunder. Seller has not received any written or, to the Knowledge of Seller, oral notice of the intention of any party to terminate, cancel, amend or not renew any Assumed Contract. Except as set forth in Section 1.7, no consents are necessary for the effective assignment to and assumption by Purchaser of any of the Assumed Contracts including but not limited to the lease on the Premises. Seller has furnished or made available to Purchaser true and complete copies of all Assumed Contracts and descriptions of all material terms of Assumed Contracts that are not in writing, including any amendments, waivers or other changes thereto.", "snippet_links": [{"key": "the-assumed-contracts", "type": "clause", "offset": [15, 36]}, {"key": "contracts-with", "type": "clause", "offset": [50, 64]}, {"key": "seller-shall", "type": "clause", "offset": [65, 77]}, {"key": "written-consent", "type": "clause", "offset": [133, 148]}, {"key": "a-list", "type": "definition", "offset": [198, 204]}, {"key": "on-schedule", "type": "definition", "offset": [231, 242]}, {"key": "a-party", "type": "clause", "offset": [299, 306]}, {"key": "terms-of", "type": "definition", "offset": [336, 344]}, {"key": "material-contract", "type": "definition", "offset": [349, 366]}, {"key": "agreement-or", "type": "definition", "offset": [368, 380]}, {"key": "the-assets", "type": "clause", "offset": [436, 446]}, {"key": "pursuant-to", "type": "definition", "offset": [507, 518]}, {"key": "other-party", "type": "definition", "offset": [529, 540]}, {"key": "most-favored-party", "type": "clause", "offset": [553, 571]}, {"key": "rights-of", "type": "definition", "offset": [573, 582]}, {"key": "any-non", "type": "clause", "offset": [616, 623]}, {"key": "other-restrictions", "type": "clause", "offset": [669, 687]}, {"key": "relating-to-the-business", "type": "definition", "offset": [688, 712]}, {"key": "any-other-person", "type": "definition", "offset": [792, 808]}, {"key": "line-of-business", "type": "clause", "offset": [817, 833]}, {"key": "geographic-area", "type": "clause", "offset": [845, 860]}, {"key": "transferred-intellectual-property", "type": "definition", "offset": [884, 917]}, {"key": "ip-agreement", "type": "definition", "offset": [935, 947]}, {"key": "seller-payment-obligations", "type": "clause", "offset": [971, 997]}, {"key": "per-annum", "type": "clause", "offset": [1044, 1053]}, {"key": "payments-to-seller", "type": "clause", "offset": [1078, 1096]}, {"key": "joint-venture-agreement", "type": "definition", "offset": [1166, 1189]}, {"key": "outstanding-indebtedness", "type": "definition", "offset": [1211, 1235]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1347, 1368]}, {"key": "by-seller", "type": "clause", "offset": [1385, 1394]}, {"key": "prior-to-closing", "type": "definition", "offset": [1395, 1411]}, {"key": "after-closing", "type": "definition", "offset": [1438, 1451]}, {"key": "neither-seller", "type": "clause", "offset": [1454, 1468]}, {"key": "material-breach", "type": "definition", "offset": [1521, 1536]}, {"key": "default-under", "type": "clause", "offset": [1555, 1568]}, {"key": "knowledge-of-seller", "type": "definition", "offset": [1581, 1600]}, {"key": "no-event", "type": "clause", "offset": [1602, 1610]}, {"key": "lapse-of-time", "type": "clause", "offset": [1640, 1653]}, {"key": "giving-of-notice", "type": "clause", "offset": [1661, 1677]}, {"key": "reasonably-likely", "type": "definition", "offset": [1691, 1708]}, {"key": "breach-or-violation", "type": "clause", "offset": [1724, 1743]}, {"key": "disputes-or", "type": "clause", "offset": [1844, 1855]}, {"key": "claims-of", "type": "clause", "offset": [1856, 1865]}, {"key": "known-to-seller", "type": "definition", "offset": [1919, 1934]}, {"key": "material-default", "type": "clause", "offset": [1973, 1989]}, {"key": "claim-of-default", "type": "clause", "offset": [1993, 2009]}, {"key": "notice-of-the", "type": "clause", "offset": [2095, 2108]}, {"key": "no-consents", "type": "clause", "offset": [2231, 2242]}, {"key": "necessary-for", "type": "definition", "offset": [2247, 2260]}, {"key": "assignment-to", "type": "clause", "offset": [2275, 2288]}, {"key": "assumption-by-purchaser", "type": "clause", "offset": [2293, 2316]}, {"key": "not-limited", "type": "clause", "offset": [2363, 2374]}, {"key": "the-lease", "type": "clause", "offset": [2378, 2387]}, {"key": "on-the-premises", "type": "definition", "offset": [2388, 2403]}, {"key": "to-purchaser", "type": "definition", "offset": [2444, 2456]}, {"key": "all-assumed-contracts", "type": "clause", "offset": [2485, 2506]}, {"key": "material-terms", "type": "definition", "offset": [2531, 2545]}, {"key": "contracts-that", "type": "clause", "offset": [2557, 2571]}, {"key": "in-writing", "type": "definition", "offset": [2580, 2590]}, {"key": "other-changes", "type": "definition", "offset": [2629, 2642]}], "samples": [{"hash": "1UBbelrWlvo", "uri": "/contracts/1UBbelrWlvo#assumed-contracts", "label": "Asset Purchase Agreement (Mystic Holdings Inc./Nv)", "score": 31.7433261871, "published": true}, {"hash": "6RvGqj55abG", "uri": "/contracts/6RvGqj55abG#assumed-contracts", "label": "Asset Purchase Agreement (Mystic Holdings Inc./Nv)", "score": 30.7549629211, "published": true}, {"hash": "e1mXmJse49Z", "uri": "/contracts/e1mXmJse49Z#assumed-contracts", "label": "Asset Purchase Agreement (Terra Tech Corp.)", "score": 30.6317596436, "published": true}], "size": 28, "hash": "a8a32c556afb88dee95961c1e98ffc2b", "id": 1}, {"snippet": "Exhibit 1.1", "snippet_links": [], "samples": [{"hash": "fP8WF5JuScf", "uri": "/contracts/fP8WF5JuScf#assumed-contracts", "label": "Purchase and Assumption Agreement (Pathfinder Bancorp, Inc.)", "score": 35.1711158752, "published": true}, {"hash": "kzbivwMLUyu", "uri": "/contracts/kzbivwMLUyu#assumed-contracts", "label": "Purchase and Assumption Agreement (Berkshire Hills Bancorp Inc)", "score": 31.918548584, "published": true}, {"hash": "ewR0GYGea8v", "uri": "/contracts/ewR0GYGea8v#assumed-contracts", "label": "Purchase and Assumption Agreement (Shore Bancshares Inc)", "score": 28.0253257751, "published": true}], "size": 17, "hash": "24c80c4b9b468c219cb60cf9b6517bfd", "id": 5}, {"snippet": "If Buyer delivers a written notice of objection to any Assumed Contract prior to the expiration of the Due Diligence Period, then, to the extent a termination right in favor of the applicable Seller is provided for in such Assumed Contract, or if such Assumed Contract does not prohibit termination, the applicable Seller shall instruct its Property Manager to promptly following the expiration of the Due Diligence Period provide a notice of termination to the vendor thereunder with respect to each such Assumed Contract to which Buyer has timely objected (collectively, the \u201cObjectionable Contracts\u201d); provided, however, that (i) Buyer may not object to any of the Cable Contracts or any other Assumed Contract marked \u201cmust assume\u201d on Schedules 3.1(l)-1 through 3.1(l)-5 and shall assume the same at Closing pursuant to the applicable Assignment of Contracts; (ii) Seller shall have no obligation to terminate any Contract, which by its terms is not terminable or which cannot be terminated without payment of an express termination fee or penalty unless Buyer agrees in writing to pay such termination fee or penalty; (iii) if the termination of any Objectionable Contract cannot be made effective upon the Closing Date (Seller not being obligated to pay any money to accomplish such termination), then such Objectionable Contract shall be assumed by Buyer at Closing pursuant to the applicable Assignment of Contracts (together with all Assumed Contracts with respect to the applicable Asset that do not constitute Objectionable Contracts) for the remaining period of such Assumed Contract until its effective date of termination, and (iv) Buyer shall be responsible for any termination fees payable with respect to the termination of any Objectionable Contracts. Notwithstanding the foregoing, Buyer shall not be required or entitled to assume any Assumed Contract that, by its terms, may not be assigned to and assumed by Buyer without the consent of a third party, unless such third party\u2019s written consent is actually obtained at or before the Closing. All Contracts that Buyer is required to assume hereunder are collectively referred to herein as the \u201cAssumed Contracts\u201d.", "snippet_links": [{"key": "notice-of-objection", "type": "definition", "offset": [28, 47]}, {"key": "prior-to-the", "type": "clause", "offset": [72, 84]}, {"key": "expiration-of-the-due-diligence-period", "type": "definition", "offset": [85, 123]}, {"key": "to-the-extent", "type": "clause", "offset": [131, 144]}, {"key": "termination-right", "type": "clause", "offset": [147, 164]}, {"key": "in-favor-of", "type": "definition", "offset": [165, 176]}, {"key": "applicable-seller", "type": "definition", "offset": [181, 198]}, {"key": "seller-shall", "type": "clause", "offset": [315, 327]}, {"key": "property-manager", "type": "clause", "offset": [341, 357]}, {"key": "following-the", "type": "definition", "offset": [370, 383]}, {"key": "a-notice-of-termination", "type": "clause", "offset": [431, 454]}, {"key": "the-vendor", "type": "definition", "offset": [458, 468]}, {"key": "with-respect-to", "type": "clause", "offset": [480, 495]}, {"key": "objectionable-contracts", "type": "definition", "offset": [578, 601]}, {"key": "buyer-may", "type": "definition", "offset": [633, 642]}, {"key": "at-closing", "type": "definition", "offset": [800, 810]}, {"key": "pursuant-to-the", "type": "definition", "offset": [811, 826]}, {"key": "assignment-of-contracts", "type": "definition", "offset": [838, 861]}, {"key": "no-obligation-to", "type": "clause", "offset": [886, 902]}, {"key": "payment-of", "type": "definition", "offset": [1002, 1012]}, {"key": "express-termination", "type": "clause", "offset": [1016, 1035]}, {"key": "buyer-agrees", "type": "clause", "offset": [1058, 1070]}, {"key": "in-writing", "type": "definition", "offset": [1071, 1081]}, {"key": "to-pay", "type": "clause", "offset": [1082, 1088]}, {"key": "termination-of", "type": "clause", "offset": [1135, 1149]}, {"key": "the-closing-date", "type": "clause", "offset": [1207, 1223]}, {"key": "by-buyer", "type": "clause", "offset": [1352, 1360]}, {"key": "contracts-with", "type": "clause", "offset": [1450, 1464]}, {"key": "applicable-asset", "type": "definition", "offset": [1480, 1496]}, {"key": "period-of", "type": "clause", "offset": [1563, 1572]}, {"key": "effective-date-of-termination", "type": "definition", "offset": [1605, 1634]}, {"key": "buyer-shall", "type": "clause", "offset": [1645, 1656]}, {"key": "responsible-for", "type": "clause", "offset": [1660, 1675]}, {"key": "termination-fees-payable", "type": "clause", "offset": [1680, 1704]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1769, 1798]}, {"key": "entitled-to-assume", "type": "definition", "offset": [1831, 1849]}, {"key": "consent-of", "type": "clause", "offset": [1947, 1957]}, {"key": "a-third-party", "type": "clause", "offset": [1958, 1971]}, {"key": "written-consent", "type": "clause", "offset": [1999, 2014]}, {"key": "before-the-closing", "type": "clause", "offset": [2042, 2060]}, {"key": "contracts-that", "type": "clause", "offset": [2066, 2080]}], "samples": [{"hash": "FhdHsBFNcW", "uri": "/contracts/FhdHsBFNcW#assumed-contracts", "label": "Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)", "score": 28.603012085, "published": true}, {"hash": "ECp86WHwgr", "uri": "/contracts/ECp86WHwgr#assumed-contracts", "label": "Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)", "score": 28.3483905792, "published": true}], "size": 24, "hash": "d0762b88844db45075ad8a3305ff8a35", "id": 2}, {"snippet": "The term \"Assumed Contracts\" shall have the meaning set forth in Section 2.1(e).", "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "samples": [{"hash": "jRCWpfqO9IW", "uri": "/contracts/jRCWpfqO9IW#assumed-contracts", "label": "Asset Purchase Agreement (Vision Twenty One Inc)", "score": 18.0, "published": true}, {"hash": "cQ5gwH1Vsin", "uri": "/contracts/cQ5gwH1Vsin#assumed-contracts", "label": "Asset Purchase Agreement (Vision Twenty One Inc)", "score": 18.0, "published": true}, {"hash": "bIestQMzwKR", "uri": "/contracts/bIestQMzwKR#assumed-contracts", "label": "Asset Purchase Agreement (Vision Twenty One Inc)", "score": 18.0, "published": true}], "size": 20, "hash": "19a7f88d13f91630e698a6fcf04e2a2b", "id": 3}, {"snippet": "All current and complete copies of all Assumed Contracts (which shall be deemed to include all Fighter Contracts) have been delivered to or made available to the Buyer. Except as set forth on Schedule 5.10, the Assumed Contracts are all in full force and effect and, to Seller\u2019s knowledge, there are no outstanding material defaults or violations under such Assumed Contracts on the part of the Seller or, to the knowledge of the Seller, on the part of any other party to such Assumed Contracts, except for such defaults as will not have a material adverse effect on the Business or Purchased Assets, taken as a whole. Except as set forth on Schedule 5.10, there are no current or pending negotiations with respect to the renewal, repudiation or amendment of any Assumed Contract, other than in connection with negotiations for renewals and amendments in the ordinary course of business.", "snippet_links": [{"key": "all-assumed-contracts", "type": "clause", "offset": [35, 56]}, {"key": "to-the-buyer", "type": "clause", "offset": [155, 167]}, {"key": "on-schedule", "type": "definition", "offset": [189, 200]}, {"key": "the-assumed-contracts", "type": "clause", "offset": [207, 228]}, {"key": "full-force-and-effect", "type": "definition", "offset": [240, 261]}, {"key": "to-seller", "type": "definition", "offset": [267, 276]}, {"key": "material-defaults", "type": "clause", "offset": [315, 332]}, {"key": "knowledge-of-the-seller", "type": "definition", "offset": [413, 436]}, {"key": "other-party", "type": "definition", "offset": [457, 468]}, {"key": "material-adverse-effect-on-the-business", "type": "definition", "offset": [540, 579]}, {"key": "purchased-assets", "type": "clause", "offset": [583, 599]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [601, 617]}, {"key": "with-respect-to", "type": "clause", "offset": [702, 717]}, {"key": "amendment-of", "type": "clause", "offset": [746, 758]}, {"key": "in-connection-with", "type": "clause", "offset": [792, 810]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [852, 886]}], "samples": [{"hash": "49lTEnaslk3", "uri": "/contracts/49lTEnaslk3#assumed-contracts", "label": "Asset Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "291K0rUKsgJ", "uri": "/contracts/291K0rUKsgJ#assumed-contracts", "label": "Asset Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "6OBURwGypVS", "uri": "/contracts/6OBURwGypVS#assumed-contracts", "label": "Asset Purchase Agreement (Alliance MMA, Inc.)", "score": 28.3374404907, "published": true}], "size": 18, "hash": "38d397c3a7020d244c98764ead9776d8", "id": 4}, {"snippet": "Seller has made available to Buyer complete and correct copies of the Assumed Contracts and any amendments, modifications and supplements thereto. All the Assumed Contracts are in full force and effect and are valid, binding and enforceable in accordance with their terms by and against Seller, except as such enforceability may be subject to or limited by (i) applicable bankruptcy, reorganization, insolvency, moratorium and similar laws affecting the enforcement of creditors\u2019 rights generally; and (ii) the rules governing the availability of specific performance, injunctive relief or other equitable remedies and general principles of equity, regardless of whether considered in a proceeding in law or equity; provided that there may be Assumed Contracts that have expired by their terms, but contain surviving rights or Liabilities that will be assumed by Buyer. Except as set forth in Schedule 6.4(a) of the Disclosure Schedule, neither Seller nor, to the Knowledge of Seller, any other party to such Assumed Contract is, or has received notice that it is, in violation or breach of or default under any such Assumed Contract (or with notice or lapse of time or both, would be in violation or breach of or default under any such Assumed Contract) in any material respect. Schedule 6.4(b) of the Disclosure Schedule sets forth a list of all Assumed Contracts which require the consent or waiver of any party to such Assumed Contracts, to the Assignment of such Assumed Contract as a result of the transactions contemplated hereby (the \u201cThird Party Consents\u201d).", "snippet_links": [{"key": "to-buyer", "type": "definition", "offset": [26, 34]}, {"key": "the-assumed-contracts", "type": "clause", "offset": [66, 87]}, {"key": "modifications-and-supplements", "type": "clause", "offset": [108, 137]}, {"key": "full-force-and-effect", "type": "definition", "offset": [180, 201]}, {"key": "binding-and-enforceable", "type": "clause", "offset": [217, 240]}, {"key": "in-accordance-with", "type": "definition", "offset": [241, 259]}, {"key": "subject-to", "type": "definition", "offset": [332, 342]}, {"key": "similar-laws", "type": "definition", "offset": [427, 439]}, {"key": "enforcement-of", "type": "clause", "offset": [454, 468]}, {"key": "rights-generally", "type": "clause", "offset": [480, 496]}, {"key": "rules-governing", "type": "clause", "offset": [511, 526]}, {"key": "availability-of-specific-performance", "type": "clause", "offset": [531, 567]}, {"key": "injunctive-relief", "type": "definition", "offset": [569, 586]}, {"key": "equitable-remedies", "type": "definition", "offset": [596, 614]}, {"key": "general-principles", "type": "definition", "offset": [619, 637]}, {"key": "provided-that", "type": "definition", "offset": [716, 729]}, {"key": "contracts-that", "type": "clause", "offset": [751, 765]}, {"key": "surviving-rights", "type": "clause", "offset": [807, 823]}, {"key": "by-buyer", "type": "clause", "offset": [860, 868]}, {"key": "disclosure-schedule", "type": "definition", "offset": [916, 935]}, {"key": "neither-seller", "type": "clause", "offset": [937, 951]}, {"key": "knowledge-of-seller", "type": "definition", "offset": [964, 983]}, {"key": "other-party", "type": "definition", "offset": [989, 1000]}, {"key": "breach-of", "type": "definition", "offset": [1081, 1090]}, {"key": "default-under", "type": "clause", "offset": [1094, 1107]}, {"key": "with-notice", "type": "clause", "offset": [1138, 1149]}, {"key": "lapse-of-time", "type": "clause", "offset": [1153, 1166]}, {"key": "material-respect", "type": "definition", "offset": [1262, 1278]}, {"key": "a-list", "type": "definition", "offset": [1334, 1340]}, {"key": "all-assumed-contracts", "type": "clause", "offset": [1344, 1365]}, {"key": "require-the", "type": "clause", "offset": [1372, 1383]}, {"key": "waiver-of", "type": "clause", "offset": [1395, 1404]}, {"key": "assignment-of", "type": "clause", "offset": [1449, 1462]}, {"key": "contemplated-hereby", "type": "clause", "offset": [1517, 1536]}, {"key": "third-party-consents", "type": "clause", "offset": [1543, 1563]}], "samples": [{"hash": "7vHwBgK7CUx", "uri": "/contracts/7vHwBgK7CUx#assumed-contracts", "label": "Asset Purchase Agreement (Biotech Spinco, Inc.)", "score": 21.0, "published": true}, {"hash": "7cUGU5txRl3", "uri": "/contracts/7cUGU5txRl3#assumed-contracts", "label": "Asset Purchase Agreement (PDL Biopharma, Inc.)", "score": 21.0, "published": true}, {"hash": "6ie2YGZFUq7", "uri": "/contracts/6ie2YGZFUq7#assumed-contracts", "label": "Asset Purchase Agreement (Facet Biotech Corp)", "score": 21.0, "published": true}], "size": 13, "hash": "420098f56a60378ba1580bef35f2b8c1", "id": 8}, {"snippet": "1 \"Closing\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 \"Closing Date\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 \"Consents\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"Contracts\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"FCC\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"FCC Consent\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"FCC Licenses\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"Final Order\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"Intangibles\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"Licenses\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"Permitted Liens\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 \"Person\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 \"Purchase Price\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 \"Real Property\" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 \"", "snippet_links": [{"key": "closing-date", "type": "definition", "offset": [115, 127]}, {"key": "fcc-consent", "type": "clause", "offset": [565, 576]}, {"key": "fcc-licenses", "type": "definition", "offset": [677, 689]}, {"key": "final-order", "type": "definition", "offset": [790, 801]}, {"key": "permitted-liens", "type": "definition", "offset": [1127, 1142]}, {"key": "purchase-price", "type": "clause", "offset": [1352, 1366]}, {"key": "real-property", "type": "definition", "offset": [1465, 1478]}], "samples": [{"hash": "lVQSxubjIdW", "uri": "/contracts/lVQSxubjIdW#assumed-contracts", "label": "Option Agreement (Paxson Communications Corp)", "score": 18.0, "published": true}, {"hash": "9wM9cesiR0Z", "uri": "/contracts/9wM9cesiR0Z#assumed-contracts", "label": "Option Agreement (Paxson Communications Corp)", "score": 18.0, "published": true}, {"hash": "7A1SAcIC08i", "uri": "/contracts/7A1SAcIC08i#assumed-contracts", "label": "Option Agreement (Paxson Communications Corp)", "score": 18.0, "published": true}], "size": 17, "hash": "37d1640c66826a8eb07fdfec8e9a306a", "id": 6}, {"snippet": "(a) There are no Contracts, other than the Assumed Contracts and Excluded Contracts, to which Seller or any of its Subsidiaries is a party or by which Seller or any of its Subsidiaries is bound, in either case, to which the Business or any of the Purchased Assets are subject.\n(b) The Assumed Contracts are legal, valid and binding agreements of Seller and are in full force and effect and are enforceable against Seller and, to Seller\u2019s Knowledge, each other party thereto, in accordance with their terms, subject to bankruptcy, insolvency, moratorium, reorganization or similar Laws affecting the rights of creditors generally and the availability of equitable remedies. Seller and its Subsidiaries have performed all material obligations required to be performed by them to date under the Assumed Contracts, and Seller and its Subsidiaries are not and will not be (with or without notice or lapse of time, or both) in breach or default in any material respect thereunder and, to Seller\u2019s Knowledge, no other party to any Assumed Contract is (with or without notice or lapse of time, or both) in breach or default in any material respect thereunder. Seller and its Subsidiaries have not received any written notice of intention to terminate any Assumed Contract or of any claim of breach with respect to the performance of Seller\u2019s or its Subsidiaries\u2019 obligations under any Assumed Contract. Except as set forth on Schedule 3.6, none of the Assumed Contracts are the subject of any ongoing negotiation discussions or pending notice of termination.", "snippet_links": [{"key": "no-contracts", "type": "clause", "offset": [14, 26]}, {"key": "the-assumed-contracts", "type": "clause", "offset": [39, 60]}, {"key": "excluded-contracts", "type": "definition", "offset": [65, 83]}, {"key": "a-party", "type": "clause", "offset": [131, 138]}, {"key": "the-business", "type": "clause", "offset": [220, 232]}, {"key": "the-purchased-assets", "type": "definition", "offset": [243, 263]}, {"key": "agreements-of-seller", "type": "clause", "offset": [332, 352]}, {"key": "full-force-and-effect", "type": "definition", "offset": [364, 385]}, {"key": "to-seller", "type": "definition", "offset": [426, 435]}, {"key": "other-party", "type": "definition", "offset": [454, 465]}, {"key": "in-accordance-with", "type": "definition", "offset": [475, 493]}, {"key": "subject-to", "type": "definition", "offset": [507, 517]}, {"key": "similar-laws", "type": "definition", "offset": [572, 584]}, {"key": "the-rights-of-creditors", "type": "clause", "offset": [595, 618]}, {"key": "availability-of-equitable-remedies", "type": "clause", "offset": [637, 671]}, {"key": "material-obligations", "type": "definition", "offset": [720, 740]}, {"key": "performed-by", "type": "clause", "offset": [756, 768]}, {"key": "without-notice", "type": "definition", "offset": [876, 890]}, {"key": "lapse-of-time", "type": "clause", "offset": [894, 907]}, {"key": "breach-or-default", "type": "clause", "offset": [921, 938]}, {"key": "material-respect", "type": "definition", "offset": [946, 962]}, {"key": "notice-of-intention-to-terminate", "type": "clause", "offset": [1210, 1242]}, {"key": "with-respect-to", "type": "clause", "offset": [1290, 1305]}, {"key": "performance-of-seller", "type": "clause", "offset": [1310, 1331]}, {"key": "on-schedule", "type": "definition", "offset": [1415, 1426]}, {"key": "subject-of", "type": "clause", "offset": [1470, 1480]}, {"key": "notice-of-termination", "type": "definition", "offset": [1528, 1549]}], "samples": [{"hash": "cpnFAt7RBAB", "uri": "/contracts/cpnFAt7RBAB#assumed-contracts", "label": "Asset Purchase Agreement (Aytu Bioscience, Inc)", "score": 30.7850780487, "published": true}, {"hash": "6gZfqwlO7Ia", "uri": "/contracts/6gZfqwlO7Ia#assumed-contracts", "label": "Asset Purchase Agreement (Cerecor Inc.)", "score": 30.7850780487, "published": true}], "size": 13, "hash": "1f45a263d6cb931f97f43833be7b0a81", "id": 10}, {"snippet": "All Operating Expenses accruing under, arising out of or relating to any of the Assumed Contracts shall be prorated between Seller and Buyer at the Closing as of the Proration Date.", "snippet_links": [{"key": "operating-expenses", "type": "clause", "offset": [4, 22]}, {"key": "arising-out-of", "type": "definition", "offset": [39, 53]}, {"key": "relating-to", "type": "definition", "offset": [57, 68]}, {"key": "the-assumed-contracts", "type": "clause", "offset": [76, 97]}, {"key": "seller-and-buyer", "type": "clause", "offset": [124, 140]}, {"key": "at-the-closing", "type": "definition", "offset": [141, 155]}, {"key": "proration-date", "type": "definition", "offset": [166, 180]}], "samples": [{"hash": "90ZajcKdJ8i", "uri": "/contracts/90ZajcKdJ8i#assumed-contracts", "label": "Agreement for Sale of Property", "score": 31.7205467224, "published": true}, {"hash": "6GwpGcgJ6rh", "uri": "/contracts/6GwpGcgJ6rh#assumed-contracts", "label": "Agreement for Sale of Property", "score": 31.298992157, "published": true}, {"hash": "lLF8yDC0va7", "uri": "/contracts/lLF8yDC0va7#assumed-contracts", "label": "Purchase and Sale Agreement (Innovative Industrial Properties Inc)", "score": 28.3374404907, "published": true}], "size": 15, "hash": "f8678750716f46538f38507e8bd36a0e", "id": 7}, {"snippet": "Except for any Assumed Warranty Liabilities in existence on the date of this Agreement and except as disclosed on Schedule 2.15 attached hereto,\n(a) Seller has fulfilled all of its obligations under the Assumed Contracts that were required to be fulfilled prior to the date hereof;\n(b) Seller has not defaulted under any of the Assumed Contracts, nor has any event occurred which, with the giving of notice, the lapse of time and/or other action or inaction, would constitute a default by Seller under any of the Assumed Contracts;\n(c) no consent of any party to any of the Assumed Contracts is required for the execution, delivery or performance of this Agreement, or the consummation of the transactions contemplated hereby, other than as set forth in Schedule 2.4, and except under the Scheduled Contracts with respect to the assignment of the Scheduled Contracts to Acquisition Sub, all such consents have been obtained by Seller on or prior to the date of this Agreement;\n(d) There has been no material default under any of the Assumed Contracts by the other parties to the Assumed Contracts at any time after January 1, 2009, and no event has occurred since January 1, 2009 which, with the giving of notice, the lapse of time and/or other action or inaction, would constitute a material default under any of the Assumed Contracts by the other parties to the Assumed Contracts; and\n(e) Seller has not assigned any of its rights or interests in any Assumed Contract to any person, and all of the Assumed Contracts are, and immediately after the sale and assignment of the Assumed Contracts to Acquisition Sub as contemplated by this Agreement shall continue to be, in full force and effect and valid, binding and enforceable in accordance with their respective terms, in each case, except for such failure to be in full force and effect and valid, binding and enforceable that have been caused by a party to such Assumed Contract other than Seller or Parent. Seller has provided Acquisition Sub or ITS with true, correct and complete copies of all of the Assumed Contracts. All information regarding the Business Contracts as set forth in Schedule 1.1(a)(vi) is true, correct and complete, including the commencement date of each Business Contract.", "snippet_links": [{"key": "assumed-warranty-liabilities", "type": "definition", "offset": [15, 43]}, {"key": "in-existence", "type": "definition", "offset": [44, 56]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [64, 86]}, {"key": "on-schedule", "type": "definition", "offset": [111, 122]}, {"key": "contracts-that", "type": "clause", "offset": [211, 225]}, {"key": "prior-to-the", "type": "clause", "offset": [256, 268]}, {"key": "date-hereof", "type": "clause", "offset": [269, 280]}, {"key": "giving-of-notice", "type": "clause", "offset": [390, 406]}, {"key": "lapse-of-time", "type": "clause", "offset": [412, 425]}, {"key": "other-action-or-inaction", "type": "clause", "offset": [433, 457]}, {"key": "default-by-seller", "type": "clause", "offset": [478, 495]}, {"key": "consent-of", "type": "clause", "offset": [539, 549]}, {"key": "the-execution", "type": "clause", "offset": [608, 621]}, {"key": "performance-of-this-agreement", "type": "clause", "offset": [635, 664]}, {"key": "contemplated-hereby", "type": "clause", "offset": [706, 725]}, {"key": "with-respect-to", "type": "clause", "offset": [809, 824]}, {"key": "assignment-of-the", "type": "clause", "offset": [829, 846]}, {"key": "acquisition-sub", "type": "definition", "offset": [870, 885]}, {"key": "default-under", "type": "clause", "offset": [1008, 1021]}, {"key": "the-other-parties", "type": "clause", "offset": [1054, 1071]}, {"key": "at-any-time", "type": "clause", "offset": [1097, 1108]}, {"key": "after-january", "type": "clause", "offset": [1109, 1122]}, {"key": "no-event", "type": "clause", "offset": [1136, 1144]}, {"key": "any-person", "type": "definition", "offset": [1473, 1483]}, {"key": "sale-and-assignment", "type": "definition", "offset": [1549, 1568]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [1616, 1646]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1672, 1693]}, {"key": "binding-and-enforceable", "type": "clause", "offset": [1705, 1728]}, {"key": "in-accordance-with", "type": "definition", "offset": [1729, 1747]}, {"key": "each-case", "type": "definition", "offset": [1775, 1784]}, {"key": "failure-to", "type": "clause", "offset": [1802, 1812]}, {"key": "by-a-party", "type": "clause", "offset": [1898, 1908]}, {"key": "copies-of-all", "type": "clause", "offset": [2038, 2051]}, {"key": "information-regarding", "type": "clause", "offset": [2082, 2103]}, {"key": "the-business-contracts", "type": "clause", "offset": [2104, 2126]}, {"key": "the-commencement-date", "type": "clause", "offset": [2204, 2225]}], "samples": [{"hash": "81yUaipEJXY", "uri": "/contracts/81yUaipEJXY#assumed-contracts", "label": "Asset Purchase Agreement (Q2 Holdings, Inc.)", "score": 25.1149902344, "published": true}, {"hash": "8VCrzKVD66A", "uri": "/contracts/8VCrzKVD66A#assumed-contracts", "label": "Asset Purchase Agreement (Q2 Holdings, Inc.)", "score": 24.9671459198, "published": true}], "size": 13, "hash": "e208110b6026aeb1d155cc75e9f3142f", "id": 9}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihphc3N1bWVkLWNvbnRyYWN0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Assumed Contracts", "children": [["", ""], ["assumed-contracts", "Assumed Contracts"], ["representations-and-warranties", "Representations and Warranties"], ["books-and-records", "Books and Records"], ["consents", "Consents"]], "parents": [["representations-and-warranties-of-seller", "REPRESENTATIONS AND WARRANTIES OF SELLER"], ["purchase-and-sale-of-assets", "Purchase and Sale of Assets"], ["definitions", "DEFINITIONS"], ["representations-and-warranties", "Representations and Warranties"], ["purchase-and-sale", "Purchase and Sale"]], "size": 1555, "id": "assumed-contracts", "related": [["assigned-contracts", "Assigned Contracts", "Assigned Contracts"], ["transferred-contracts", "Transferred Contracts", "Transferred Contracts"], ["purchased-contracts", "Purchased Contracts", "Purchased Contracts"], ["sub-contracts", "SUB-CONTRACTS", "SUB-CONTRACTS"], ["shared-contracts", "Shared Contracts", "Shared Contracts"]], "related_snippets": [], "updated": "2026-06-04T06:08:35+00:00", "also_ask": ["What are the essential elements that must be included to ensure an Assumed Contract is valid and enforceable?", "How can parties strategically limit or expand the scope of liabilities assumed under these contracts?", "What are the most common negotiation pitfalls or fatal flaws when drafting Assumed Contracts?", "How do courts typically interpret and enforce Assumed Contracts in bankruptcy or M&A contexts?", "How do Assumed Contracts differ from assigned contracts in terms of legal risk and obligations?"], "drafting_tip": "List all assumed contracts explicitly to prevent disputes; specify liabilities transferred to clarify obligations; require representations about contract validity to reduce risk of inheriting void agreements.", "explanation": "The Assumed Contracts clause defines which existing contracts or agreements a party will take on responsibility for as part of a transaction, such as a merger or asset purchase. In practice, this clause lists specific contracts that the buyer agrees to assume from the seller, outlining any terms or conditions for their transfer. Its core function is to clearly allocate responsibility for ongoing contractual obligations, preventing disputes over which party is liable for performance or breaches after the transaction closes."}, "json": true, "cursor": ""}}