Common use of Liabilities Not Assumed by Buyer Clause in Contracts

Liabilities Not Assumed by Buyer. Buyer will not assume, or in any way be liable or responsible for, any liabilities or obligations of Seller whether known or unknown, whether now existing or hereafter accruing.

Liabilities Not Assumed by Buyer. Except for any Assumed Obligations, Buyer will shall not assume, or in any way be liable or responsible for, any liabilities or obligations of Seller related to the Assets whether known or unknown, whether now existing or hereafter accruingoccurring prior to Closing, regardless of whether any such liability or obligation arises under any contract, agreement, practice, arrangement, statute, law, ordinance, rule, regulation, or otherwise, and nothing in this Agreement or otherwise is intended or shall be construed to the contrary.