Common use of Liabilities Retained by Sellers Clause in Contracts

Liabilities Retained by Sellers. Subject to Section 3.2 below, and except as otherwise expressly provided in this Agreement, Sellers shall remain solely and entirely responsible for their own liabilities and Buyer shall not assume or otherwise be liable for or acquire the Assets subject to, and Buyer's purchase of the Assets shall not constitute or be deemed to constitute the assumption of, any liabilities of Sellers whatsoever, whether direct or indirect, fixed or contingent, disputed or undisputed, liquidated or unliquidated, known or unknown, recorded or unrecorded.