Common use of Assignment of Sublease Clause in Contracts

Assignment of Sublease. Effective as of the date which is sixty (60) days after the Commencement Date of the Lease (“Assignment Effective Date”), Assignor hereby assigns to Assignee all of Assignor’s right, title and interest in, to and under the Sublease, and Assignee hereby accepts such assignment, assumes all of Assignor’s obligations under the Sublease arising from and after the Assignment Effective Date, and agrees to be bound by all of the provisions thereof and to perform all of the obligations of the subtenant thereunder from and after the Assignment Effective Date.