Common use of Liabilities Assumed by Purchaser Clause in Contracts

Liabilities Assumed by Purchaser. Upon the terms and subject to the conditions of this Agreement, effective as of the Closing Date, Purchaser or any Purchaser Affiliate shall assume and be obligated to pay when due, perform, or discharge only the Assumed Liabilities.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Comdisco Inc), Asset Purchase Agreement (Comdisco Inc)

Liabilities Assumed by Purchaser. Upon the terms and subject to the conditions of this Agreement, effective as of the Closing DateClosing, Purchaser or any Purchaser Affiliate shall assume and be obligated to pay when due, perform, or discharge only the Assumed Liabilities.

Appears in 1 contract

Sources: Asset Purchase Agreement (Comdisco Holding Co Inc)