Common use of Contract Liabilities Clause in Contracts

Contract Liabilities. Liabilities arising under or related to the Excluded Contracts or any other Contracts which are not validly and effectively assigned to Purchaser pursuant to this Agreement, or Liabilities arising from or related to Assumed Contracts which arise out of any defaults or breaches by the Seller or any of the Subsidiaries, relating to a period prior to the Closing whether it occurs prior to or post-Closing;

Contract Liabilities. Liabilities arising under or related to the Excluded Contracts or any other Contracts which are not validly and effectively assigned to the Purchaser pursuant to this Agreement, or Liabilities arising from or related to Assumed Purchased Contracts which arise out of any defaults or breaches by the Seller Sellers or any of the Subsidiaries, relating to a period prior to the Closing whether it occurs prior to or post-Closing;