Common use of Liabilities Excluded Clause in Contracts

Liabilities Excluded. In connection with Buyer’s purchase of the Assets, Buyer shall not assume or become responsible for any indebtedness, liabilities or obligations of Seller (the “Liabilities”), except that Buyer shall assume the obligations of Seller accruing from and after the Closing Date under all contracts, agreements and understandings included in the Assets.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Mmax Media, Inc.), Asset Purchase Agreement (247MGI, Inc.)

Liabilities Excluded. In connection with Buyer’s purchase of the Assets, Buyer shall not assume or become responsible for any indebtedness, liabilities or obligations of Seller (the “Liabilities”), except that Buyer shall assume the obligations of Seller accruing from and after the Closing Date under all contracts, agreements and understandings included in the Assets.

Appears in 1 contract

Sources: Asset Purchase Agreement (247MGI, Inc.)

Liabilities Excluded. In connection with Buyer’s purchase of the Assets, Buyer shall not assume or become responsible for any of the indebtedness, liabilities or obligations of Seller (the “Liabilities”), except that Buyer shall assume the obligations of Seller accruing from and after the Closing Date under all contracts, agreements and understandings included in the Assets.

Appears in 1 contract

Sources: Asset Purchase Agreement (Bidville Inc)

Liabilities Excluded. In connection with Buyer’s 's purchase of the AssetsAsset, Buyer shall not assume or become responsible for the payment of any indebtednessliabilities, liabilities obligations or obligations expenses of Seller (in connection with the “Liabilities”)Asset, except that Buyer shall assume the obligations of Seller accruing from and after the Closing Date under all contracts, agreements and understandings included in the AssetsSeller's business or otherwise.

Appears in 1 contract

Sources: Asset Purchase Agreement (Linkwell CORP)