No Liability of Purchaser. Except as expressly provided herein, ------------------------- Purchaser shall not assume or take subject to any liabilities or obligations of the Property or Seller existing or accrued as of the date of Closing, and Seller shall pay the same as they mature and shall hold Purchaser harmless with respect to all thereof. Liabilities and obligations of the Property accruing after the date of Closing shall be the responsibility of Purchaser or the Property, as the case may be.
Appears in 2 contracts
Sources: Agreement to Purchase Buildings (Verisign Inc/Ca), Agreement to Purchase Building (Verisign Inc/Ca)
No Liability of Purchaser. Except as expressly provided herein, ------------------------- Purchaser shall not assume or take subject to any liabilities or obligations of the Property or Seller existing arising or accrued as of accruing prior to the date of Closing, and Seller shall pay the same as they mature and shall hold Purchaser harmless with respect to all thereof. Liabilities and obligations of the Property first accruing after the date of Closing shall be the responsibility of Purchaser or the Property, as the case may be. The provisions of this Section 12.1 shall survive Closing.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Strategic Student & Senior Housing Trust, Inc.)