Common use of Effective Assignment Clause in Contracts

Effective Assignment. No assignment of any interest in this Agreement made with District's consent, or as herein otherwise permitted, shall be effective until there shall have been delivered to District an executed counterpart of such assignment containing an agreement, in recordable form, executed by the assignor and the proposed assignee, wherein and whereby such assignee assumes due performance of the obligations on the assignor's part to be performed under this Agreement to the end of the term hereof. The consent by District to an assignment hereunder shall not in any way be construed to relieve Lessee from obtaining the express consent in writing of District to any further assignment. Notwithstanding an assignment by Lessee, Lessee shall remain fully responsible to the District in accordance with the terms and provisions of this Agreement.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Effective Assignment. No assignment of any interest in this Agreement made with District's consent, or as herein otherwise permitted, shall be effective until there shall have been delivered to District an executed counterpart of such assignment containing an agreement, in recordable form, executed by the assignor and the proposed assignee, wherein and whereby such assignee assumes due performance of the obligations on the assignor's part to be performed under this Agreement to the end of the term hereof. The consent by District to an assignment hereunder shall not in any way be construed to relieve Lessee ▇▇▇▇▇▇ from obtaining the express consent in writing of District to any further assignment. Notwithstanding an assignment by Lessee▇▇▇▇▇▇, Lessee ▇▇▇▇▇▇ shall remain fully responsible to the District in accordance with the terms and provisions of this Agreement.

Appears in 1 contract

Sources: Lease Agreement