Common use of Sale and Assignment Clause in Contracts

Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by Assignor's acceptance from Assignee of the Assignment and Assumption Agreement for each such Transferred Interest.

Appears in 4 contracts

Samples: Aircraft Purchase Agreement (Polaris Aircraft Income Fund Iii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Vi), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii)

AutoNDA by SimpleDocs

Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Transferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by by, Assignor's acceptance from Assignee of the an Assignment and Assumption Agreement for each such Aircraft Transferred Interest.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii), Participation Agreement (Polaris Aircraft Income Fund Ii)

Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by by, Assignor's acceptance from Assignee of the an Assignment and Assumption Agreement for each such Aircraft Transferred Interest.

Appears in 2 contracts

Samples: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund V), Assignment Agreement (Polaris Aircraft Income Fund V)

AutoNDA by SimpleDocs

Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Transferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by Assignor's acceptance from Assignee of the Assignment and Assumption Agreement for each such Transferred Interest.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv), Aircraft Lease Agreement (Polaris Aircraft Income Fund Iv)

Time is Money Join Law Insider Premium to draft better contracts faster.