Common use of Assignment of Transfer Agreement Clause in Contracts

Assignment of Transfer Agreement. CDL hereby assigns to CancerVax, as of the date hereof and pursuant to Section 16.1 (last sentence) of the Transfer Agreement, all of CDL's right, title, interest and obligations under the Transfer Agreement, and CancerVax hereby accepts such assignment and assumes all of CDL's right, title, interest and obligations under the Transfer Agreement. CancerVax further agrees to keep, perform, comply with and fulfill all of the terms and obligations of CDL under the Transfer Agreement.