Assumed Commitments definition
Examples of Assumed Commitments in a sentence
Buyer shall not assume or be obligated to pay, perform or otherwise discharge any liability or obligation of DBBC, direct or indirect, known or unknown, absolute or contingent, not expressly included in the Assumed Liabilities and Assumed Commitments (all such liabilities and obligations not being assumed being herein called the "Excluded Liabilities").
Transferor has transferred the Assets to the Company, and the Transferee has assumed the Assumed Commitments, through the execution of the documents of transfer attached hereto as Exhibit C.
Company agrees to assume all liabilities under and with respect to the Assets arising with respect to periods subsequent to the date of the transfer of the Assets to Transferee (the "Assumed Commitments").
Seller warrants and agrees to pay and discharge when due all claims of creditors that could be asserted against Purchaser by reason of such non-compliance to the extent that such liabilities are not Assumed Commitments.
Purchaser hereby assumes and discharges the Tower Leases listed on Schedule 3.3 hereto (the "Assumed Commitments").
However, Purchaser specifically does not assume or agree to pay or discharge any debts, liabilities, or obligations of Seller other than the Assumed Commitments.
At the Closing, Seller has delivered to Purchaser: (i) all keys to each site, facilities, and equipment transferred to Purchaser; (ii) all security and access codes, if any, applicable to each site, facilities, and equipment; and (iii) originals of all Tower Leases, and other Assumed Commitments.