Common use of Assignment of Assets Clause in Contracts

Assignment of Assets. Effective as of the date hereof, Seller does hereby sell, convey and assign to Buyer, free and clear of all Liens, except Permitted Liens, all of its right, title and interest in and to the Purchased Assets other than the Excluded Assets and Buyer hereby accepts the foregoing assignment of the Purchased Assets other than the Excluded Assets, upon the terms and conditions set forth in the Purchase and Sale Agreement.

Appears in 2 contracts

Sources: Option and Purchase and Sale Agreement (Keyspan Corp), Second Option and Purchase and Sale Agreement (Keyspan Corp)

Assignment of Assets. Effective as of the date hereof, Seller does hereby sell, convey and assign to Buyer, free and clear of all Liens, except Permitted Liens, all of its right, title and interest in and to the Purchased Assets other than the Excluded Assets and Buyer hereby accepts the foregoing assignment of the Purchased Assets other than the Excluded Assets, unto Purchaser upon the terms and conditions set forth in the Purchase and Sale Assumption Agreement, all of Seller’s right, title and interest in, to and under the Assets (other than the Real Property) and Purchaser hereby accepts the foregoing assignment of the Assets (other than the Real Property).

Appears in 2 contracts

Sources: Purchase and Assumption Agreement (Atlantic Capital Bancshares, Inc.), Purchase and Assumption Agreement (Athens Bancshares Corp)

Assignment of Assets. Effective as of the date hereofClosing Time (as defined in the Purchase and Assumption Agreement), Seller does hereby sell, convey convey, transfer, and assign to Buyer, free and clear of all Liens, except Permitted Liens, all of its right, title and interest in and to the Purchased Assets other than the Excluded Assets and Buyer hereby accepts the foregoing assignment of the Purchased Assets other than the Excluded Assets, unto Purchaser upon the terms and conditions set forth in the Purchase and Sale Assumption Agreement, all of Seller’s right, title and interest in, to and under the Assets (other than the Real Property) and Purchaser hereby accepts the foregoing assignment of the Assets (other than the Real Property).

Appears in 1 contract

Sources: Purchase and Assumption Agreement (Atlantic Capital Bancshares, Inc.)

Assignment of Assets. Effective as of the date hereof, Seller does hereby sell, convey and assign to Buyer, free and clear of all Liens, except Permitted Liens, all of its right, title and interest in and to the Purchased Assets other than the Excluded Assets and Buyer hereby accepts the foregoing assignment of the Purchased Assets other than the Excluded Assets, unto Purchaser upon the terms and conditions set forth in the Purchase and Sale Assumption Agreement, all of Seller's right, title and interest in, to and under the Assets (other than the Real Property) and Purchaser hereby accepts the foregoing assignment of the Assets (other than the Real Property).

Appears in 1 contract

Sources: Branch Purchase and Assumption Agreement (United Community Banks Inc)