Common use of Assignment and Consideration Clause in Contracts

Assignment and Consideration. In consideration of the payment by the Assignee to the Assignor of the Total Consideration or, if applicable, the Updated Total Consideration (as defined in the Sale and Purchase Agreement) (receipt of which is acknowledged by the Assignor), the Assignor, as beneficial owner, assigns and transfers to the Assignee absolutely all its rights, powers, title, benefits, interests, claims, causes of action, warranties, remedies, security, guarantees, indemnities and covenants for title from time to time in and to the Loan, in each case free from all claims, charges, liens, encumbrances, option and equities of any kind whatsoever, and all other rights exercisable by third parties (including liabilities imposed and rights conferred by or under any enactment). As from the date of this Assignment, the Assignee shall be solely and absolutely entitled to such rights, title, benefits and interests in and to the Loan to the exclusion of the Assignor.

Assignment and Consideration. In consideration of the payment by the Assignee to the Assignor of the Total Consideration or, if applicable, the Updated Total Consideration (as defined in the Sale and Purchase AgreementSPA) (receipt of which is acknowledged by the Assignor), the Assignor, as beneficial owner, assigns and transfers to the Assignee absolutely all its rights, powers, title, benefits, interests, claims, causes of action, warranties, remedies, security, guarantees, indemnities and covenants for title from time to time in and to the Loan, in each case free from all claims, charges, liens, encumbrances, option and equities of any kind whatsoever, and all other rights exercisable by third parties (including liabilities imposed and rights conferred by or under any enactment). As from the date of this Assignment, the Assignee shall be solely and absolutely entitled to such rights, title, benefits and interests in and to the Loan to the exclusion of the Assignor.