Common use of No Successor Liability Clause in Contracts

No Successor Liability. It is expressly understood that the Parties intend that the Purchasers shall not be considered a successor to the Seller Companies or any of their Affiliates by reason of any theory of law or equity, and that the Purchasers shall have no Liability except as otherwise provided in this Agreement for any obligation or liability of the Seller Companies or any of their Affiliates.

Appears in 1 contract

Sources: Asset Purchase Agreement (Mpower Holding Corp)

No Successor Liability. It is expressly understood that the Parties intend that the Purchasers Buyer shall not be considered a successor to the Seller Companies or any Affiliate of their Affiliates Seller by reason of any theory of law Law or equity, and that the Purchasers Buyer shall have no Liability liability for any liability of Seller or any Affiliate of Seller except as otherwise provided in this Agreement for any obligation or liability of the Seller Companies or any of their AffiliatesAgreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Spruce Power Holding Corp)

No Successor Liability. It is expressly understood that the Parties intend that the Purchasers Buyer shall not be considered a successor to the Seller Companies or any Affiliate of their Affiliates Seller by reason of any theory of law Law or equity, and that the Purchasers Buyer shall have no Liability liability for any liability of Seller or any Affiliate of Seller except as otherwise provided in this Agreement for any obligation or liability of the Seller Companies or any of their Affiliates.Agreement. 165530988v21

Appears in 1 contract

Sources: Asset Purchase Agreement (New Jersey Resources Corp)

No Successor Liability. It is expressly understood that the Parties parties intend that the Purchasers Buyer shall not be considered a successor to the Seller Companies or any of their its Affiliates by reason of any theory of law or equity, and that the Purchasers Buyer shall have no Liability liability except as otherwise provided in this Agreement for any obligation or liability of the Seller Companies or any of their its Affiliates, except that Buyer shall be considered a successor to Seller and its Affiliates with respect to all future obligations assumed by Buyer as part of the Assumed Liabilities.

Appears in 1 contract

Sources: Asset Purchase Agreement (NMS Communications Corp)