SANM » Topics » 1.2 Assumption of Sellerss Liabilities from Buyer .

This excerpt taken from the SANM 10-Q filed May 6, 2008.

1.2           Assumption of Sellers’s Liabilities from Buyer.

 

(a)           Upon and subject to the terms and conditions of this Agreement, the only liability that Buyer shall assume and become responsible for, from and after the Closing are the Assumed Liabilities.

 

(b)           Buyer shall not assume or become responsible for, and the Sellers shall remain liable for, all the other liabilities that the Sellers or its affiliates have with respect to their handling of the Acquired Business.

 



 

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