Assumed Obligations; Pre-Closing Liabilities. Upon and after Closing Buyer shall own the Assets, together with all the rights, duties, obligations, and liabilities accruing after Closing, including the Assumed Obligations and Buyer's indemnity obligations hereunder. Buyer agrees to assume and pay, perform, fulfill and discharge all Assumed Obligations. Seller agrees to retain and pay, perform, fulfill and discharge all Retained Obligations.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Denbury Resources Inc), Purchase and Sale Agreement (Arena Resources Inc), Purchase and Sale Agreement (Parallel Petroleum Corp)
Assumed Obligations; Pre-Closing Liabilities. Upon and after Closing Buyer shall own the Assets, together with all the rights, duties, obligations, and liabilities accruing after Closing, including the Assumed Obligations and Buyer's indemnity obligations hereunder. Buyer agrees to assume and pay, perform, fulfill and discharge all Assumed ObligationsObligations and Buyer’s indemnity obligations. Seller agrees to retain and pay, perform, fulfill and discharge all Retained Obligations, and Seller’s indemnity obligations.
Appears in 2 contracts
Samples: Purchase and Sale Agreement I (Natural Gas Systems Inc/New), Purchase and Sale Agreement Ii (Natural Gas Systems Inc/New)
Assumed Obligations; Pre-Closing Liabilities. Upon and after Closing Closing, Buyer shall own the Assets, together with all the rights, duties, obligations, and liabilities accruing after Closing, including the Assumed Obligations and Buyer's ’s indemnity obligations hereunder. Buyer agrees to assume and pay, perform, fulfill and discharge all Assumed ObligationsObligations and Buyer’s indemnity obligations. Seller agrees to retain and pay, perform, fulfill and discharge all Retained Obligations, and Seller’s indemnity obligations.
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