Common use of Assumption by Assignee Clause in Contracts

Assumption by Assignee. Assignee hereby accepts the assignment of the Assigned Interests, and, subject to the terms of this Assignment, assumes and agrees to perform all of Assignor's obligations as the sole member in the Company, arising from and after the date hereof.

Appears in 1 contract

Sources: Assignment and Assumption of Membership Interest (Interstate Hotels Corp)

Assumption by Assignee. Assignee hereby accepts the foregoing assignment of the Assigned Interests, and, subject to the terms of this Assignment, and assumes and agrees to perform all of Assignor's obligations as the sole member in the Companyduties, arising obligations, liabilities, commitments and covenants of Assignor accruing from and after the date hereofhereof with respect to or arising under each of the Contracts.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Wells Core Office Income Reit Inc)

Assumption by Assignee. Assignee hereby accepts the foregoing assignment of the Assigned Interests, and, subject to the terms of this Assignment, and assumes and agrees to perform all of the duties, obligations, liabilities, commitments and covenants of Assignor's obligations as the sole member in the Company, arising accruing from and after the date hereofhereof with respect to or arising under each of the Leases.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Wells Core Office Income Reit Inc)

Assumption by Assignee. Assignee hereby accepts the foregoing assignment of the Assigned Interests, and, subject to the terms of this Assignment, and assumes and agrees to perform all of Assignor's obligations as the sole member in the Companyduties, arising obligations, liabilities, commitments and covenants of Assignor accruing from and after the date hereofhereof with respect to or arising under each of the Assigned Agreements.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)