Common use of Liabilities Assumed Clause in Contracts

Liabilities Assumed. As of the Closing Date, Buyer will assume and agree to pay, discharge and perform insofar as they relate to the time period on and after the Closing Date, and arise out of events occurring on or after the Closing Date, all the obligations and liabilities of Seller under the Assumed Contracts.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Krca License Corp), Asset Purchase Agreement (Lbi Media Holdings Inc), Asset Purchase Agreement (Liberman Television Inc)

AutoNDA by SimpleDocs

Liabilities Assumed. As of the Closing Date, Buyer will assume and agree to pay, discharge and perform perform, all the obligations and liabilities of Seller under the Assumed Contracts insofar as they relate to the time period on and after the Closing Date, Date and arise out of events occurring on or after the Closing Date, all the obligations and liabilities of Seller under the Assumed Contracts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lbi Media Holdings Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.