Common use of Instrument of Assumption Clause in Contracts

Instrument of Assumption. At the Closing, Buyer shall, by separate instrument as described herein, assume and agree to pay, perform and discharge, as and when they become due, all of the Assumed Obligations (hereinafter defined) existing on the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Healthier Choices Management Corp.), Asset Purchase Agreement (Healthier Choices Management Corp.)

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Instrument of Assumption. At the Closing, Buyer shall, by separate instrument as described herein, assume and agree to pay, perform and discharge, as and when they become due, all of the Assumed Obligations Liabilities (hereinafter defined) existing on the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Arcadia Biosciences, Inc.)

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Instrument of Assumption. At the Closing, Buyer shall, by separate instrument as described herein, Purchaser shall assume and agree to pay, perform and discharge, as and when they become due, all of the Assumed Obligations (hereinafter as herein defined) existing on the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (800 Travel Systems Inc)

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