Common use of Assignment and Assumption of Intangible Property Clause in Contracts

Assignment and Assumption of Intangible Property. An assignment and assumption of the Intangible Property in the form attached hereto as Exhibit “B” and by this reference incorporated herein, pursuant to which each Seller and/or Operating Tenant shall assign and transfer to Buyer all of such Seller’s and/or Operating Tenant’s right, title and interest in and to, and Buyer or its operating lessee shall assume all of such Seller’s and/or Operating Tenant’s obligations and liabilities under, the Intangible Property first accruing from and after Closing, to the extent that such assignments are legally and contractually permitted.

Assignment and Assumption of Intangible Property. An assignment and assumption of the Intangible Property in the form attached hereto as Exhibit “B” and by this reference incorporated herein, pursuant to which each Seller and/or Operating Tenant shall assign and transfer to Buyer all of such Seller’s and/or Operating Tenant’s right, title and interest in and to, and Buyer or its operating lessee shall assume all of such Seller’s and/or Operating Tenant’s obligations and liabilities under, the Intangible Property first accruing from and after Closing, to the extent that such assignments are legally and contractually permitted.

Assignment and Assumption of Intangible Property. An assignment and assumption of the Intangible Property in the form attached hereto as Exhibit “EXHIBIT "B” " and by this reference incorporated herein, pursuant to which each Seller and/or Operating Tenant shall assign and transfer to Buyer all of such Seller’s 's and/or Operating Tenant’s 's right, title and interest in and to, and Buyer or its operating lessee shall assume all of such Seller’s 's and/or Operating Tenant’s 's obligations and liabilities under, the Intangible Property first accruing from and after Closing, to the extent that such assignments are legally and contractually permitted.