Common use of Assumption of Certain Liabilities Clause in Contracts

Assumption of Certain Liabilities. On the Closing Date, Purchaser shall assume and agree to undertake to pay, perform and discharge as and when due, and shall indemnify Seller for and hold Seller harmless from and against each of the following obligations, responsibilities, liabilities and debts (collectively, the "Assumed Liabilities"):

Appears in 3 contracts

Samples: Asset Purchase Agreement (Smartpay Express, Inc.), Asset Purchase Agreement (Fonefriend Inc), Asset Purchase Agreement (Efoodsafety Com Inc)

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Assumption of Certain Liabilities. On the Closing DateDate (as hereinafter defined), Purchaser shall Buyer shall, subject to Section 1.4, assume and agree to undertake hereby agrees to pay, perform and discharge as and discharge, when due, only those debts, liabilities, obligations and shall indemnify commitments of Seller for and hold Seller harmless from and against each of the following obligations, responsibilities, liabilities and debts (collectively, the "Assumed Liabilities"):which are set forth below:

Appears in 1 contract

Samples: Asset Purchase Agreement (Delicious Frookie Co Inc /De/)

Assumption of Certain Liabilities. On the Closing Date, Purchaser Buyer shall execute and deliver to Seller the Assignment and Assumption Agreement, pursuant to which, Buyer shall assume and agree to undertake to pay, perform and discharge as and when due, the liabilities and shall indemnify obligations of Seller for and hold Seller harmless from and against each arising out of the following obligations, responsibilities, liabilities and debts Business as follows: (collectively, the "Assumed Liabilities"):

Appears in 1 contract

Samples: Confidential Treatment (Inyx Inc)

Assumption of Certain Liabilities. On and after the Closing Date, Purchaser shall assume and agree to undertake to pay, perform and discharge as and when duedue or required to be paid, and shall indemnify Seller for and hold Seller harmless from and against each of performed or discharged, only the following obligations, responsibilities, liabilities and debts of Seller (collectively, the "Assumed Liabilities"):

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Cosi Inc)

Assumption of Certain Liabilities. On the Closing Date, Purchaser as defined in Section 2.1, Buyer shall assume and agree to undertake to thereafter pay, perform honor and discharge as when due and when due, and shall indemnify Seller for and hold Seller harmless from and against each of payable the following obligations, responsibilities, liabilities and debts obligations of Seller with respect to Assets (collectively, the "Assumed Liabilities"):

Appears in 1 contract

Samples: Asset Repurchase Agreement (Jean Philippe Fragrances Inc)

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Assumption of Certain Liabilities. On the Closing Date, Purchaser Buyer shall execute and deliver to Seller the Assignment and Assumption Agreement, pursuant to which Seller shall convey, assign, and transfer to Buyer, and Buyer shall assume and agree to undertake to pay, perform and discharge as and when due, and shall indemnify Seller for and hold Seller harmless from and against each of only the following obligations, responsibilities, liabilities and debts Liabilities (collectively, the "Assumed Liabilities"):

Appears in 1 contract

Samples: Asset Purchase Agreement (Marvell Technology Group LTD)

Assumption of Certain Liabilities. On Subject to the terms and conditions hereof, on the Closing Date, Purchaser shall assume and agree to undertake to pay, perform and discharge as in a timely manner, only the following liabilities and when due, and shall indemnify Seller for and hold Seller harmless from and against each obligations of the following obligations, responsibilities, liabilities and debts Seller (collectively, the "Assumed Liabilities"):

Appears in 1 contract

Samples: Asset Purchase Agreement (Halcyon Jets Holdings, Inc.)

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