Examples of Assignment and Assumption in a sentence
Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at their offices in New York, New York, a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Term Loan Commitments of, and principal amount of the Advances owing to, each Lender pursuant to the terms hereof from time to time (the “Registers” and each individually, a “Register”).
The Mayor of the Village of Commercial Point, for and in the name of the Village, is hereby authorized and directed to enter into the Building 2 Second Partial Assignment and Assumption Agreement (CRA Agreement) in substantially the same form as attached hereto as Exhibit A and incorporated herein by reference.
A counterpart signature page duly executed by the Contributor to an assignment and assumption and bill of sale with respect to the Contributed Assets and the Assumed Liabilities in the form attached to this Agreement as Exhibit F (the "Assignment and Assumption Agreement").
The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, 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 laws of the State of New York, including, without limitation, Section 5-1401 and Section5-1402 of the New York General Obligations Law but otherwise without regard to conflict of laws principles.