Assumption of Liabilities definition

Assumption of Liabilities has the meaning set forth in the recitals to this Agreement.

Assumption of Liabilities shall have the meaning provided for under Section 3.3(i).

Assumption of Liabilities. Consideration shall mean the transfer or assignment of liabilities of Licensee to Acquiror, as consideration for an Acquisition.

Examples of Assumption of Liabilities in a sentence

• Section 2.1 Purchase and Sale of Assets; Assumption of Liabilities.

• The Buyer has full power to execute and deliver this Agreement and the Instrument of Assumption of Liabilities and to consummate the transactions contemplated hereby and thereby.

• In addition to damage caused by earthquakes, there is the possibility of earthquake-induced fires starting because of damage to gas lines, power lines or heat producing appliances and the unavailability of water for fire control due to broken water mains.

• Step 1: Assumption of Liabilities of Glacier Valley Ice Company, L.P. All of the liabilities of Glacier Valley Ice Company, L.P. shall be assumed by, and become liabilities of, its limited partner, Arctic Glacier California Inc.

• CLOSING ASSETS; ALLOCATION OF LIABILITIES 109 Section 16.1. Closing Assets 109 Section 16.2. Excluded Assets 112 Section 16.3. Assumption of Liabilities 113 Section 16.4. Excluded Liabilities 114 ARTICLE XVII.

More Definitions of Assumption of Liabilities

Assumption of Liabilities shall have the meaning specified in the Implementation Agreement.

Assumption of Liabilities has the meaning assigned to it in Section 1.7 ------------------------- hereof. "Benefit Claim" has the meaning assigned to it in the Section 11.2 hereof. -------------

Assumption of Liabilities has the meaning set forth in Section 7.1(b).

Assumption of Liabilities shall have the meaning specified in Section 2.1(a).

Assumption of Liabilities. Buyer Corp hereby assumes only those obligations and contracts listed in Exhibit C attached hereto. It is expressly understood --------- and agreed that Buyer Corp shall not be liable for any of the obligations or liabilities of Sellers of any kind and nature other than those specifically assumed by Buyer Corp under this paragraph. Specifically, and without limiting the foregoing, Buyer Corp shall not and does not assume any inter-company receivables owed to Shareholder's Parent for payroll advances made on behalf of Seller Corp, nor for the withholding taxes payable for Seller Corp or its employees prior to the date hereof. Furthermore, Buyer Corp does not assume any liability for rent payable by Seller Corp to Shareholder's Parent for any period prior to the date hereof.

Assumption of Liabilities shall have the meaning set forth in Section 3.4(c) of this Agreement.

Assumption of Liabilities means an Assumption of Liabilities substantially in the form attached hereto as EXHIBIT C.