Common use of Assignment of Assigned Rights Clause in Contracts

Assignment of Assigned Rights. The Assignor hereby sells, assigns, transfers and conveys to the Assignee free and clear of all Liens (other than Permitted Liens), and the Assignee hereby purchases, acquires and accepts, all of the Assignor’s rights and interest in and to the Assigned Interests on the Closing Date.

Appears in 3 contracts

Sources: Revenue Interest Assignment Agreement, Revenue Interest Assignment Agreement (Ariad Pharmaceuticals Inc), Revenue Interest Assignment Agreement (PDL Biopharma, Inc.)

Assignment of Assigned Rights. The Assignor hereby sells, assigns, transfers and conveys to the Assignee free and clear of all Liens (other than Permitted Liensany Liens in favor of the Assignee), and the Assignee hereby purchasesaccepts such assignment, acquires transfer and accepts, conveyance of all of the Assignor’s rights right, title and interest in and to the Assigned Interests on the Closing DateRights, subject to Section 2 below.

Appears in 1 contract

Sources: Royalty Interest Acquisition Agreement (XOMA Corp)