SCP Liabilities definition
SCP Liabilities means any liabilities, claims or obligations, direct or indirect, known or unknown, absolute or contingent.
Examples of SCP Liabilities in a sentence
SCP hereby agrees that on the Closing Date (as defined below), it will sell, convey, assign and transfer the SCP Assets to HML and HML hereby agrees to (a) accept, acquire and purchase all of the SCP Assets and assume, pay and discharge all of the SCP Liabilities and (b) issue the Shares to SCP in exchange and as consideration for all of the SCP Assets (the foregoing transaction being herein referred to as the “Exchange”).