Common use of Assumption of responsibility for Contracts Clause in Contracts

Assumption of responsibility for Contracts. The Purchaser must from Completion assume responsibility for the performance of, and perform and comply with the terms of, all Contracts (including the Retained Contracts) on behalf of the Vendor, but at the risk and expense of the Purchaser.

Appears in 2 contracts

Sources: Business Sale Agreement (Hexion Specialty Chemicals, Inc.), Business Sale Agreement (Hexion Specialty Chemicals, Inc.)