Common use of Assignment of Leases and Contracts Clause in Contracts

Assignment of Leases and Contracts. Inasmuch as the Dealerships operate from leased facilities, the Seller agrees to assign all rights and privileges under these leases to the benefit of the Purchaser, and further, to execute any other documents as may be needful or desirable to perfect the interest of the Seller in these leased facilities.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (Motos America, Inc.), Membership Interest Purchase Agreement (Motos America, Inc.)