Pre-Closing Obligations. Restaurant Asset Seller shall promptly pay, perform and discharge in full and in accordance with their respective terms, all liabilities and obligations relating to the Acquired Assets and/or the Business which accrue prior to the Closing (regardless of when they actually arise), and all other Excluded Liabilities, and Restaurant Asset Buyer shall have no responsibility therefor.
Appears in 2 contracts
Sources: Restaurant Asset Purchase Agreement, Restaurant Asset Purchase Agreement (Ark Restaurants Corp)