Assignment and Assumption definition
Examples of Assignment and Assumption in a sentence
Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy, emailed pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.
This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and permitted assigns.
The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 for each assignment; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.