Common use of Assumption of Obligation Clause in Contracts

Assumption of Obligation. To the extent that Seller's backlog is transferred or assigned to Buyer or that Buyer accepts a new purchase order from a Current Customer, Buyer agrees to assume and perform all obligations thereunder and to use reasonable efforts to fill the order in accordance with its terms.

Appears in 2 contracts

Sources: Stock Acquisition Agreement (Probusiness Services Inc), Agreement and Plan of Reorganization (Probusiness Services Inc)