Common use of Distribution and Assignment Clause in Contracts

Distribution and Assignment. The Partners, as liquidators of the Partnership, hereby distribute, assign, convey and deliver (i) to Enron Power and its successors and assigns a 50% undivided interest in and to the Partnership Property, and (ii) to CNF and its successors and assigns a 50% undivided interest in and to the Partnership Property.

Distribution and Assignment. The Partners, as liquidators of the Partnership, hereby distribute, assign, convey and deliver (i) to Enron Power Procurement and its successors and assigns a 50% undivided interest in and to the Partnership Property, and (ii) to CNF Equipment and its successors and assigns a 50% undivided interest in and to the Partnership Property.