Examples of Assigned Permits in a sentence
For good and valuable consideration, the receipt and sufficiency of which are acknowledged, subject to the terms and conditions set forth in the Agreement, Assignors hereby sell, assign and transfer to Assignee, free and clear of all Encumbrances other than Permitted Exceptions, all of Assignors’ right, title and interest in, to and under the Assigned Permits.
While Seller has an obligation to support Purchaser’s efforts to transfer and/or obtain Assigned Permits, Purchaser assumes all risk associated with obtaining, transferring, assigning or amending any Permit for Purchaser’s ownership or operation of the Purchased Assets and shall be solely responsible for any and all costs and expenses associated therewith.
Purchaser shall assume, effective as of the Closing Date, and shall timely perform and discharge in accordance with their respective terms only the Liabilities under the 365 Contracts and Assigned Permits relating solely to the performance thereunder from and after the Closing Date (the “Assumed Liabilities”).
Subject to the terms and conditions set forth in the Agreement, Assignee hereby accepts the foregoing assignment and assumes and agrees to perform and discharge when due all Assumed Liabilities in, under or related to the Assigned Permits.
This Assignment incorporates by reference the representations and warranties, and associated limitations and disclaimers, made in the Agreement with respect to the Assigned Permits and no others.