Assumed Obligations definition

Assumed Obligations shall have the meaning set forth in Section 13.1.
Assumed Obligations has the meaning set forth in Section 2.4.
Assumed Obligations has the meaning set forth in Section 13.1.

Examples of Assumed Obligations in a sentence

  • TO HAVE AND TO HOLD the Transferred Assets and the Assumed Obligations unto the Trustee, its successors and assigns, FOREVER, for the benefit of the Liquidating Trust.

  • On the Closing Date, Buyer shall assume the obligations of Seller (the "Assumed Obligations") arising after Closing under the Station Contracts, including without limitation all agreements for the sale of advertising time on the Stations for cash in the ordinary course of business ("Time Sales Agreements") and all agreements for the sale of advertising time on the Stations for non-cash consideration ("Trade Agreements").

  • Except as otherwise provided herein, all deposits, reserves and prepaid and deferred income and expenses relating to the Station Assets or the Assumed Obligations and arising from the conduct of the business and operations of the Stations shall be prorated between Buyer and Seller in accordance with generally accepted accounting principles as of 11:59 p.m. on the date immediately preceding the Closing Date.

  • The Buyer is not assuming any liabilities or obligations of the Seller (fixed or contingent, known or unknown, matured or unmatured) whatsoever other than the Assumed Obligations.

  • The sum of the Purchase Price and the Assumed Obligations will be allocated among the Purchased Assets on a basis consistent with section 1060 of the Code and the Treasury Regulations thereunder.


More Definitions of Assumed Obligations

Assumed Obligations has the meaning set forth in Section 1.3(a).
Assumed Obligations shall have the meaning set forth in Section 2.03(a).
Assumed Obligations has the meaning specified in Section 2.2.
Assumed Obligations shall have the meaning set forth in Section 2.4.
Assumed Obligations means all obligations to timely fulfill, perform, pay, and discharge (or cause to be timely fulfilled, performed, paid or discharged) all of the costs, obligations and liabilities of Sellers, known or unknown, with respect to: (a) the Properties; and (b) the contract operating agreements described on Schedule 4.7; regardless of whether such obligations arose prior to or after the Effective Date, including but not limited to: (i) the obligation to (x) plug and abandon or remove and dispose of all xxxxx, platforms, structures, flow lines, pipelines and other equipment, pits and holding ponds now or hereafter located on the Oil and Gas Properties, (y) cap and bury all flow lines and other pipelines now or hereafter located on the Oil and Gas Properties, and (z) remedy all Environmental Liabilities with respect to the Properties, including any actual or potential NORM contamination or chloride or other contamination of groundwater; (ii) obligations and liabilities arising from or in connection with any Imbalances, whether before, on or after the Effective Date; (iii) obligations to pay working interests, royalties, overriding royalties and other interests held in suspense and transferred to Buyer pursuant to Section 7.11 (iv) all Taxes assessed with respect to a period which begins on or after the Effective Date; and (v) obligations with respect to the disputes, actions, suits and proceedings including those described on Schedule 4.6 (and any other actions, suits or proceedings arising out of the same facts or circumstances), regardless of the Properties to which such disputes, actions and proceedings relate; provided, that Assumed Obligations does not mean or include Sellers’ obligations and liabilities with respect to the Retained Obligations.
Assumed Obligations shall have the meaning set forth in Section 1.3.
Assumed Obligations shall have the meaning given that term in Section 12.01.