Assumed Contract. At the Closing, Purchaser shall assume the obligations of Seller for periods on and after the Closing Date under the Assumed Contract, and Purchaser agrees to pay and perform the Assumed Contract from and after the Closing Date. Except as specifically set forth in the preceding sentence, Purchaser does not assume and shall in no event be liable for any Liability of the Station or Seller.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Hispanic Broadcasting Corp), Asset Purchase Agreement (Big City Radio Inc)