Acceptance and Assumption. Assignee hereby accepts and agrees to perform all of the terms, covenants and conditions of the Subject Leases required to be performed by Assignee (as successor in interest to Assignor) from and after the date of their Assignment (but not prior thereto, which shall remain Assignor’s obligation and responsibility).
Appears in 9 contracts
Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets
Acceptance and Assumption. Assignee hereby agrees to and accepts such assignment and, in addition, expressly assumes and agrees to keep, perform and fulfill all of the terms, covenants covenants, obligations and conditions of the Subject Leases required to be kept, performed and fulfilled by Assignee (as successor in interest Assignor under or with respect to Assignor) the Lease from and after the date Effective Date. Assignee shall be solely liable to Lessor for all obligations under the Lease accruing as of their Assignment (but not prior thereto, which shall remain Assignor’s obligation and responsibility)the Effective Date.
Appears in 1 contract
