Acquired Contracts definition
Examples of Acquired Contracts in a sentence
Without limiting the forgoing, the Excluded Liabilities include, without limitation, (i) any trade accounts payable or indebtedness of the Company Group, (ii) any wages, salaries, severance, bonuses, accrued paid time off, benefits, or other compensation obligations relating to any current or former employee or independent contractor of the Company Group, (iii) any Taxes of the Company Group and (iv) Liabilities under the Acquired Contracts that relate to, or arise in connection with, any Excluded Asset.
For a period of six (6) months following the Closing Date, Buyer and the Company Group will use commercially reasonable efforts, and will cooperate with each other, to try to obtain each Requirement for the sale, assignment, assumption, transfer, conveyance and delivery of the Restricted Assets other than for the Acquired Contracts; provided, however, that neither Buyer nor the Company Group will be required to pay any consideration therefor.