Common use of Assignment of Property Clause in Contracts

Assignment of Property. No later than the Tax-Free Spin Date, each Member will execute assignments of the Property in the forms attached hereto as Exhibits B-1 and B-2, which assignments shall be effective no later than the Tax-Free Spin Date. For purposes of crediting Capital Accounts, in view of the difficulty of ascertaining the fair market value of the Property being contributed subject to the Licenses, the Members agree that no additional amount will be credited to their respective Capital Accounts with respect to such assignments of the Property. To the extent the Members contribute additional intellectual property to the Company during the term of this Agreement in accordance with the terms of their respective Licenses or otherwise, no additional amounts shall be credited to their respective Capital Accounts with respect to such contributions of intellectual property.