Examples of Assumed Liabilities in a sentence
Effective upon the Closing, the Confidentiality Agreement shall terminate with respect to Confidential Information that relates to the Business, the Assets and the Assumed Liabilities.
Buyer further acknowledges and agrees that Buyer has been given access to the premises, properties, books, contracts and records of Seller and has been furnished with all additional financial and operational data and other information concerning the Assets, the Assumed Liabilities and the Business as Buyer has requested in connection with Buyer’s determination to enter into this Agreement and consummate the transactions contemplated hereby.
The aggregate purchase price for the Transferred Assets shall be the Monthly Future Payments, the Post-Closing Payment and the assumption of the Assumed Liabilities.
On the terms and subject to the conditions set forth herein, and subject to Section 2.4, Buyer, or one or more of its Affiliates, hereby assumes and agrees to discharge and perform when due or payable all the Assumed Liabilities.
The closing (the “Closing”) of the purchase and sale of the Assets and the assumption of the Assumed Liabilities shall be held at the offices of Kirkland & Ellis LLP, 200 East Randolph Drive, Chicago, Illinois at 10:00 a.m., local time, on August 7, 2006, or, if the conditions to Closing set forth in Section 4(a)(iii), Section 4(a)(iv) and Section 4(b)(iii) shall not have been satisfied by such date, on the date that is two business days following satisfaction of such conditions.