Liabilities to be. Assumed Buyer will assume none of Seller's liabilities. Specifically Buyer will not be responsible for Seller's tort liabilities, unfunded pension liabilities, any taxes that Seller becomes obligated to pay as a result of the sale, any liabilities resulting from pending litigation, or any undisclosed liabilities.
Appears in 2 contracts
Sources: Letter of Intent (Probe Manufacturing Inc), Letter of Intent (Probe Manufacturing Inc)