Common use of Liabilities Not to be Assumed Clause in Contracts

Liabilities Not to be Assumed. Except as and to the extent specifically set forth in Section 2.1, the Purchaser is not assuming any debts, liabilities, obligations or contracts of the Company and all such debts, liabilities, obligations and contracts shall be and remain the responsibility of the Company.

Liabilities Not to be Assumed. Except as and to the extent specifically set forth in Section 2.1, the Purchaser Buyer is not assuming any debts, liabilities, obligations or contracts of the Company and all such debts, liabilities, obligations and contracts shall be and remain the responsibility of the Company. Buyer is expressly not assuming any claims or liabilities relating to products sold by the Company prior to the Effective Date.