definiens: shall mean ( i ) any and all Liabilities of the Sellers or any of their respectiveAffiliates arising out of the use, ownership, possession or operation of the Acquired Assets by Purchaser or itsAffiliates to the extent arising out of, based upon or resulting from any fact, circumstance, occurrence, act oromission occurring after the Closing, ( ii ) any and all Liabilities arising out of the conduct of the Product Business, ineach case, by Purchaser or its Affiliates after the Closing and ( iii ) without limiting the foregoing, any and all of thefollowing Liabilities, but, in each case ( ( i ) through ( iii ) ), excluding any Liabilities described in Section 2.4 : 18(a ) all Liabilities of the Sellers or any of their respective Affiliates arising under the Acquired RegulatoryApprovals to the extent arising out of, based upon or resulting from any fact, circumstance, occurrence, act oromission occurring or arising after the Closing;(b ) all Liabilities of the Sellers or any of their respective Affiliates arising under, or to be paid or performedunder, the Aclidinium Agreements or the Acquired Contracts arising after the Closing;(c ) all Liabilities of the Sellers or any of their respective Affiliates arising out of or relating to any Action, commenced after Closing and irrespective of the legal theory asserted, arising out of or relating to ( i ) ( A ) anyExploitation of the Products by Purchaser or any of its Affiliates after the Closing, or ( B ) the Acquired Assets, in eachcase ( ( A ) and ( B ) ), to the extent relating to actions taken or omissions by Purchaser or any of its Affiliates after theClosing or ( ii ) any product liability, Patent infringement, breach of warranty or similar claim for injury to person orproperty to the extent the same result from the use or misuse of any Product that is sold by or on behalf of Purchaseror any of its Affiliates after the Closing ( other than any such Liabilities described in this clause ( ii ) that arise out of orrelate to any Product included in the Acquired Inventory, except to the extent that such Liabilities arise out of thehandling, storage, labeling, packaging, advertising, marketing, promotion or delivery of such Product by Purchaser, itsAffiliates or its or their respective employees, subcontractors or agents after the Closing);(d ) subject to Exhibit L, all Liabilities of the Sellers or any of their respective Affiliates to customers of theProduct Business to the extent ( i ) relating to any Product sold by or on behalf of Purchaser or any of its Affiliates afterthe Closing or ( ii ) with respect to any Product sold by or on behalf of any of the Sellers or any of their respectiveAffiliates prior to Closing but delivered to such customers after the Closing, to the extent arising out of any damage ordefect to the Product caused by the handling, storage or delivery of such Product by Purchaser, its Affiliates or its ortheir respective employees, subcontractors or agents after the Closing;(e ) subject to Exhibit L, all Liabilities of the Sellers or any of their respective Affiliates to the extent arisingout of or relating to the recall or market withdrawal of any Product or post - sale warning in respect of any Product soldby or on behalf of Purchaser or any of its Affiliates after the Closing ; and(f ) subject to Exhibit L, all Liabilities of the Sellers or any of their respective Affiliates arising out of orrelating to the return of any Product, including all Liabilities for any credits, rebates, refunds or other amounts payablein respect of any returned Product, to the extent such Product is sold by or on behalf of Purchaser or any of itsAffiliates after the Closing