Common use of LIABILITY OF TRANSFEREE Clause in Contracts

LIABILITY OF TRANSFEREE. Except for any obligation expressly assumed or agreed to be assumed by Transferee hereunder, Transferee does not assume any obligation of Transferor or any liability for claims arising out of any occurrence prior to Closing.

LIABILITY OF TRANSFEREE. Except for any obligation expressly assumed or agreed to be assumed by Transferee hereunder, Transferee does not assume any obligation of Transferor or any liability for claims arising out of any occurrence prior to Closing. Without limitation of the foregoing, Transferor and Transferee agree that Transferee shall not assume the equipment leases of Transferor or pay off any amounts owing thereunder.