Assignment and Assumption Agreement Sample Clauses
An Assignment and Assumption Agreement is a legal provision that enables one party to transfer its rights and obligations under a contract to another party. In practice, this clause outlines the process by which the original party (the assignor) assigns its interests to a new party (the assignee), who then assumes the responsibilities and benefits of the original agreement. This mechanism is commonly used in business transactions, such as the sale of a business or transfer of leases, to ensure continuity of contractual obligations. Its core function is to facilitate the smooth transfer of contractual relationships while clearly defining the responsibilities of all parties involved, thereby preventing disputes and ensuring legal clarity.
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Assignment and Assumption Agreement. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire provided by the Administrative Agent.
Assignment and Assumption Agreement. The Sellers shall have executed and delivered the Assignment and Assumption Agreement in substantially the form attached hereto as Exhibit H.
Assignment and Assumption Agreement. Assignment and Assumption Agreement, covering all of the Assumed Liabilities, substantially in the form of Exhibit C (the “Assignment and Assumption Agreement”).
Assignment and Assumption Agreement. Buyer shall have executed and delivered the Assignment and Assumption Agreement.
Assignment and Assumption Agreement. An Assignment and Assumption Agreement in the form of Exhibit D (the “Assignment and Assumption Agreement”) assigning all of Seller’s right, title and interest to the Contracts to Buyer, signed by Seller.
Assignment and Assumption Agreement. That certain assignment and assumption agreement dated as of December 1, 2002, by and between DLJ Mortgage Capital, Inc., as assignor, and the Depositor, as assignee, relating to the Mortgage Loans.
Assignment and Assumption Agreement. The Assignment and Assumption Agreement, signed by Buyer.
Assignment and Assumption Agreement. Seller shall have received this Agreement and the Assignment and Assumption Agreement, in each case duly executed and delivered by Purchaser. The Assignment and Assumption Agreement shall have been duly filed with the FAA.
Assignment and Assumption Agreement. The Assignment and Assumption Agreement.
Assignment and Assumption Agreement. An assignment and assumption agreement in the form of Exhibit A hereto (the “Assignment and Assumption Agreement”) and duly executed by the Seller, effecting the assignment to and assumption by the Buyer of the Purchased Assets and the Assumed Liabilities;