Assignment and Assumption of Construction-Related Warranties and Guaranties Sample Clauses

Assignment and Assumption of Construction-Related Warranties and Guaranties. At Closing, the Operating Partnership shall (i) receive an assignment of all rights and benefits under all warranties and guarantees related to the construction of any of the Real Estate Properties and (ii) assume the specific warranties and guarantees listed on Schedule 3.4 and release the TCR Parties from any obligations they may have thereunder.
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