Examples of Assumption and Assignment Agreement in a sentence
So that a double fault may exist in the system without sounding a false alarm.
If LANDOWNER files an application with CITY that proposes to amend the Plans, Project Entitlements or the Land Use and Development Regulations and such amendment could affect the Vested Rights of an Assignee(s), CITY shall not be required to provide notice or obtain the prior approval of the Assignee(s), notwithstanding the terms of this Agreement or an Assumption and Assignment Agreement.
Pursuant to an Assumption and Assignment Agreement dated November 9, 2017 (the “ Assignment Agreement”), RBee assumed certain indebtedness in the principal amount of $17,255,000.00 (as adjusted, the “Assumed Indebtedness”) owing by Petrowest Corporation and its related entities (collectively, the “Petrowest Entities”) to the Fund as consideration for Rbee’s purchase of certain assets out of the receivership of Petrowest Entities (the “Transaction”).
Kate Morley, Mobility PlannerStaff recommends the Board of Directors approve and authorize Assumption and Assignment Agreement for NAIPTA’s Vanpool Contract.
In connection with this offering and pursuant to the Contribution, Assumption, and Assignment Agreement (“Contribution Agreement”), Shell Pipeline contributed 40% of its 71.5% interest in the Partnership to SMP, which resulted in SMP holding a 28.6% ownership interest in the Partnership.