Assignment and assumption of the original agreement
Assignment and Assumption of the Original Agreement Sample Clauses
Assignment and Assumption of the Original Agreement. Initial BPY hereby sells, transfers and assigns to BPY all Initial BPY’s right, title and interest in and to the Original Agreement as and from the date hereof. BPY agrees to assume, and shall observe and perform, all of Initial BPY’s obligations and liabilities under the Original Agreement which are to be observed or performed thereunder as and from the date hereof. BPY also agrees to assume and be responsible for all of the expenses incurred by Initial BPY in connection with the preparation and filing of the Initial Registration Statement and the Initial Prospectus, which form the basis for the New Registration Statement and the New Prospectus, in accordance with section 7 of this Agreement. Brookfield hereby consents to the assignment of the Original Agreement.