Common use of Liability Upon Assignment Clause in Contracts

Liability Upon Assignment. Each Transferee of any portion of the Property shall be solely and only liable for performance of such Transferee’s obligations applicable to its portion of the Property under this Agreement as specified in the applicable Assignment Agreement. Upon the assignment or transfer of any portion of the Property together

Liability Upon Assignment. Each Transferee of any portion of the Property shall be solely and only liable for performance of such Transferee’s obligations applicable to its portion of the Property under this Agreement as specified in the applicable Assignment Agreement. Upon the assignment or transfer of any portion of the Property togethertogether with any obligations assignable under this Agreement, the Transferee shall become solely and only liable