ASSIGNMENT AND ASSUMPTION OF Clause Samples

The "Assignment and Assumption" clause governs the transfer of rights and obligations under a contract from one party to another. In practice, this clause outlines the conditions under which a party may assign its interests or delegate its duties, often requiring the consent of the non-assigning party or specifying procedures for notification. Its core function is to ensure that all parties are aware of and agree to any changes in who is responsible for performing or benefiting from the contract, thereby maintaining clarity and protecting the interests of all involved.
ASSIGNMENT AND ASSUMPTION OF. Ground Lease shall have the meaning set forth in Section 2(e)(iii). Assignment and Assumption of Related Contracts shall have the meaning set forth in Section 2(e)(vi).
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ASSIGNMENT AND ASSUMPTION OF. SALE AGREEMENT
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ASSIGNMENT AND ASSUMPTION OF. MEMBERSHIP INTERESTS AGREEMENT
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ASSIGNMENT AND ASSUMPTION OF. SERVICE CONTRACTS, LICENSES AND PERMITS --------------------------------------- THIS ASSIGNMENT AND ASSUMPTION OF SERVICE CONTRACTS, LICENSES AND PERMITS (this "ASSIGNMENT"), made as of the ___ day of _______, ____, by and between WELLSFORD CAPITAL PROPERTIES, L.L.C., having an office at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ("ASSIGNOR"),and Windswept Development, LLC, having an office at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ("ASSIGNEE"), for and in consideration of the sum of Ten Dollars ($10.00),lawful money of the United States, to it in hand paid, at or before delivery of these presents by Assignee with reference to the following:
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ASSIGNMENT AND ASSUMPTION OF. MANAGEMENT AGREEMENT
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ASSIGNMENT AND ASSUMPTION OF. WATER LEASING AND BASIN-WIDE AUGMENTATION PLAN PARTICIPATION AGREEMENT This ASSIGNMENT AND ASSUMPTION OF WATER LEASING AND BASIN-WIDE AUGMENTATION PLAN PARTICIPATION AGREEMENT (“Assignment”), dated , 20 , is made and entered into by and between ▇▇▇▇▇▇▇▇ DEVELOPMENT LLC, with a mailing address of (“Assignor”) and,
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Related to ASSIGNMENT AND ASSUMPTION OF

  • Assignment and Assumption The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • Assignment and Assumption of Contracts Two (2) counterpart originals of the Assignment and Assumption of Contracts, duly executed by Buyer.

  • Assignment and Assumption Agreement The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire provided by the Administrative Agent.

  • Assignment and Assumption Consent Effective as of the First Amendment Effective Date, for agreed consideration, ▇▇▇ hereby irrevocably sells and assigns to MBL, and MBL hereby irrevocably purchases and assumes all rights and obligations in its capacity as Lender under the LC Reimbursement Agreement and other Credit Documents, including, without limitation, all of MBL’s rights and obligations with respect to the Collateral and Intercreditor Agreement and the Security Documents (as defined in the Collateral and Intercreditor Agreement, and such Security Documents together with the Collateral and Intercreditor Agreement are referred to herein as the “Security Documents”) (the “Lender Assignment”). Effective as of the First Amendment Effective Date and in accordance with Section 7.9 of the LC Reimbursement Agreement, the Account Party hereby consents to the Lender Assignment.

  • Assignment and Assumption of Leases Two (2) counterparts of the Assignment and Assumption of Leases, executed, acknowledged and sealed by Purchaser;