Examples of Post-Closing Liabilities in a sentence
All persons and entities are hereby forever prohibited and enjoined from taking any action or omitting to act that would adversely affect or interfere with the ability of the Rehabilitator to effect the Plan, and to authorize the transfer of shares and restoration of the Assets of the Pavonia Entities or Post-Closing Liabilities.
ASSUMPTION OF ASSUMED LIABILITIES 18 2.1 Purchase and Sale of the Purchased Assets 18 2.2 Excluded Assets 20 2.3 Assumption of Liabilities 22 2.4 Excluded Liabilities 22 2.5 Post-Closing Liabilities 25 2.6 Assumption/Rejection of Certain Contracts 25 ARTICLE III.
Pursuant to Section 2.07 of the Transaction Agreement, the Parties agreed to proceed with the Closing without (A) the sales, transfers, conveyances, assignments or deliveries of the Post-Closing Entities, (B) the sales, transfers, conveyances, assignments or deliveries of the Post-Closing Assets, (C) the assumptions of the Post-Closing Liabilities, (D) obtaining any ECR Client Contract Approval or (E) obtaining any Lease Approval.
The Parties acknowledge and agree that, notwithstanding anything to the contrary herein and to the extent permitted under applicable Law, the Parties shall treat Buyer or the applicable Buyer Designee, as the case may be, as the owner of all of the Post-Closing Assets, Post-Closing Entities and Post-Closing Liabilities and the party to each ECR Client Contract and Real Property Lease as of the Closing Date for all purposes (including Tax purposes).
As between Seller and Buyer, Buyer assumes sole liability for all Assumed Liabilities and all Post-Closing Liabilities.