Excluded Liabilities definition
Examples of Excluded Liabilities in a sentence
For the avoidance of doubt, from and after the Closing, Sellers shall not have any liability for the Assumed Construction Documents or the Assumed Project Obligations except solely to the extent relating to pre-Closing breaches or defaults by the Sellers, which shall be deemed an Excluded Liability hereunder, including; provided, however, nothing in Section 3.02(b) shall limit Buyer’s obligations related to the Excluded Liabilities as provided in Section 5.02.
Subject to Completion and except as otherwise expressly provided in this document, the Sellers are liable for all Excluded Liabilities and must pay creditors promptly and not later than in accordance with their normal terms.
For the avoidance of doubt, the Excluded Liabilities include all Liabilities for Taxes of any Seller.
The Excluded Liabilities shall be the responsibility of, and shall be paid, performed and discharged, by the Sellers.