Common use of No Assumed Obligations Clause in Contracts

No Assumed Obligations. Notwithstanding any provision in this Agreement or any other writing to the contrary, Purchaser is acquiring only the Purchased Royalty Interests and is not assuming any liability or obligation of Seller or any of its Affiliates of whatever nature, whether presently in existence or arising or asserted hereafter, whether under the Applicable Agreements or any Transaction Document or otherwise. All such liabilities and obligations shall be retained by and remain obligations and liabilities of Seller or its Affiliates (the “Excluded Liabilities and Obligations”).

No Assumed Obligations. Notwithstanding any provision in this Agreement or any other writing to the contrary, Purchaser is acquiring only the Purchased Royalty Interests and is not assuming any liability or obligation of either Seller Party or any of its their Affiliates of whatever nature, whether presently in existence or arising or asserted hereafter, whether under the Applicable Agreements Incyte Agreement, the Merck Agreement or any Transaction Document or otherwise. All such liabilities and obligations shall be retained by and remain obligations and liabilities of such Seller or its Affiliates Party (the “Excluded Liabilities and Obligations”).