Common use of General Provisions Relating to Assumption of Liabilities Clause in Contracts

General Provisions Relating to Assumption of Liabilities. (a) Notwithstanding any other provisions of this Agreement to the contrary, EP Texas, EPOLP and MBLLC agree that MBLLC shall not be obligated to, and shall not, assume any liabilities or obligations related to the Excluded Assets (collectively, the “Excluded Liabilities”). (b) Notwithstanding anything to the contrary contained in this Agreement including, without limitation, the terms and provisions of this ARTICLE III, MBLLC shall not be deemed to have assumed, and the Mont Belvieu Assets have not been or are not being contributed subject to, any liens or security interests securing consensual indebtedness covering any of the Mont Belvieu Assets, and all such liens and security interests shall be deemed to be excluded from the assumptions of liabilities made under this ARTICLE III.

Appears in 3 contracts

Sources: Contribution, Conveyance and Assumption Agreement (Duncan Energy Partners L.P.), Contribution, Conveyance and Assumption Agreement (Duncan Energy Partners L.P.), Contribution, Conveyance and Assumption Agreement (Duncan Energy Partners L.P.)