Common use of Acceptance and Assumption Clause in Contracts

Acceptance and Assumption. Assignee hereby accepts the assignment and transfer of the Assigned Interest as provided in Section 1 hereof and agrees to assume all obligations and duties of Assignor with respect to the Assigned Interest from and after the execution and delivery of this Assignment.

Appears in 6 contracts

Sources: Limited Liability Company Interest Purchase Agreement (Metavesco, Inc.), Limited Liability Company Interest Purchase Agreement (Fomo Corp.), Limited Liability Company Interest Purchase Agreement