Common use of Future Obligations Clause in Contracts

Future Obligations. The Assignor guarantees payment of all liabilities and the performance of all obligations that the Assignee: (i) assumes under this Assignment; or (ii) may undertake in the future should this Assignment be modified pursuant to the Contract’s terms and conditions. The Assignor waives notice of, and consents to, any such future modifications. Further transfers of the liabilities under the Agreement done by the Assignee and agreed upon by City do not release the Assignor from its guarantee.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement, Assignment and Assumption Agreement

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