Assignment Instrument definition
Examples of Assignment Instrument in a sentence
The acceptance of the Assignment Instrument by Purchaser shall be deemed to be a full performance and discharge of every obligation on the part of Seller to be performed prior to Closing pursuant to the provisions of this Agreement, except those which are herein specifically stated to survive Closing.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement and the Assignment Instrument be consummated as originally contemplated to the greatest extent possible.
The issues submitted for determination shall not include any question as to the right of the carrier to make the change but shall be confined to the manner of implementing the contemplated change with respect to the transfer and use of employees, and the allocation or rearrangement of forces made necessary by the contemplated change.
Assign and Assigning mean any assignment of Tenant’s interest in the Lease and Assignment Instrument means the instrument by which an Assignment is made.
SMMS has executed this Assignment Instrument as of the date set forth above.
The Licensor acknowledges that the respective rights and obligations pursuant to this Agreement may be assigned by the Licensee upon (i) prior written notification to the Licensor (the "Assignment Notice") and (ii) execution by the assignee of an instrument assume all rights, duties, or obligations under this Agreement and the delivery of such instrument to the Licensor (the "Assignment Instrument").
We should mutually execute the enclosed Consent and Assignment Instrument to reflect our consent to this.
SMMS represents and warrants to Services that SMMS will take any further action as may be necessary or desirable to perfect and complete the assignment and transfer contemplated by this Assignment Instrument.
Provided that the Assignment Notice and the Assignment Instrument have been delivered to the Licensor, this Agreement shall be deemed to have been assigned with the full force and effect that the assignee under the Assignment Instrument shall assume all rights, duties, or obligations under this Agreement and the Licensee shall be fully released and discharged from all rights, duties, or obligations hereunder.
The ServiceMaster Company L.P. has executed this Assignment Instrument as of the date first mentioned above.