Assignment and Assumption of Escrow Agreement Clause Samples

Assignment and Assumption of Escrow Agreement. (a) First Reserve hereby assigns, conveys, delivers, grants, sells and transfers to Dresser, and Dresser hereby accepts, all of First Reserve's rights, title and interests in, to and under the Escrow Agreement. (b) First Reserve hereby assigns and transfers to Dresser, and Dresser hereby accepts and assumes, all of First Reserve's duties and obligations in, to and under the Escrow Agreement. Dresser shall hereafter pay, perform or discharge such duties and obligations in accordance with their terms. (c) Pursuant to this Section 1.02, Dresser shall henceforth act as "Buyer" under the Escrow Agreement in all respects with all rights and obligations appurtenant thereto.
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Related to Assignment and Assumption of Escrow Agreement

  • 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 of Lease The Assignment and Assumption ---------------------------------- of Lease;

  • Assignment and Assumption of Leases Two (2) counterparts of the Assignment and Assumption of Leases, executed, acknowledged and sealed by Purchaser;

  • Assignment and Assumption of Contracts Two (2) counterpart originals of the Assignment and Assumption of Contracts, duly executed by Buyer.

  • Assignment and Assumption Consent Effective as of the First Amendment Effective Date, for agreed consideration, ▇▇▇ hereby irrevocably sells and assigns to MBL, and MBL hereby irrevocably purchases and assumes all rights and obligations in its capacity as Lender under the LC Reimbursement Agreement and other Credit Documents, including, without limitation, all of MBL’s rights and obligations with respect to the Collateral and Intercreditor Agreement and the Security Documents (as defined in the Collateral and Intercreditor Agreement, and such Security Documents together with the Collateral and Intercreditor Agreement are referred to herein as the “Security Documents”) (the “Lender Assignment”). Effective as of the First Amendment Effective Date and in accordance with Section 7.9 of the LC Reimbursement Agreement, the Account Party hereby consents to the Lender Assignment.