Common use of Assignment of Partnership Interests Clause in Contracts

Assignment of Partnership Interests. FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the undersigned (“Assignor”) does hereby, this 8th day of November 2012, assign, transfer and convey to Mortgage Holdings, LLC, a Delaware limited liability company (“Assignee”), the partnership interest (the “Interest”) described on Schedule A attached hereto and made a part hereof, standing in the name of the Assignor on the books of * Limited Partnership, together with any and all right, title and interest in any property, both real and personal, to which the Interests relate and any other rights, privileges and benefits appertaining thereto. This Assignment is made subject to all of the terms and conditions of the Agreement of Limited Partnership of * Limited Partnership dated , and any amendments thereto (the “Partnership Agreement”), and Assignee, by execution of this Assignment, agrees to abide by and be bound by all of the terms and conditions of the Partnership Agreement, as now in effect or hereafter amended, in the place and stead of Assignor. Assignor represents and warrants to Assignee:

Appears in 2 contracts

Sources: Partnership Acquisition Agreement (CBL/Regency I, LLC), Partnership Acquisition Agreement (CBL/Regency I, LLC)