Assumed Contracts definition
Examples of Assumed Contracts in a sentence
Buyer has been provided a true and complete copy of (or a true and complete written description of the terms of any of the following that are oral) all contracts, agreements, understandings, and other commitments to which Sellersare, directly or indirectly, a party, and by which the Purchased Assets are bound or otherwise affected, including, without limitation, all of the Assumed Contracts.
The Assumed Contracts will be duly assigned to Buyer at the Closing and upon such assignment, ▇▇▇▇▇ will acquire all of Sellers’ rights, titles and interests in and to such contracts and will be substituted for the applicable Sellers under the terms thereof.
Sellers have not received any notice of non-renewal or price increase with respect to any of the Assumed Contracts.
Sellers have not received any notice of non- renewal or price increase with respect to any of the Assumed Contracts.
Annexes: Annex A Defined Terms Schedules: Schedule 1.1(a) Tangible Personal Property Schedule 1.1(b) Assumed Contracts Schedule 1.1(d) Intellectual Property Schedule 1.1(e) Permits, Licenses and Authorizations Schedule 1.1(f) Prepaid Expenses, Deposits, Etc.