Common use of Assignment and Assumption of Tenant Leases Clause in Contracts

Assignment and Assumption of Tenant Leases. Assignor hereby assigns, transfers and conveys to Assignee all of Assignor’s right, title and interest in, to and under the Tenant Leases identified on Exhibit A, attached hereto, effective as of the Closing Date. Assignee does hereby accept the foregoing assignment and does hereby assume, and agree to perform and be bound by, all of the covenants, conditions, obligations and liabilities of Assignor under the Tenant Leases which accrue from and after the Closing Date.