Assignment to the First Assignee Sample Clauses
The "Assignment to the First Assignee" clause establishes that the rights or obligations under an agreement may be transferred specifically to the first designated recipient, known as the first assignee. In practice, this means that if the original party wishes to assign their interests, they must do so to the first eligible or named assignee, rather than to any subsequent party. This clause ensures a clear and orderly transfer of rights, preventing disputes over multiple or conflicting assignments and providing certainty about who holds the assigned rights.
Assignment to the First Assignee. By an assignment of the same date as this Deed made between the First Owner and the First Assignee, the First Owner assigned the First Assignee’s Unit to the First Assignee.
Assignment to the First Assignee θ[By a partial [release][reassignment] of the same date as this Deed, the First Assignee’s Unit was [released from the Mortgage][reassigned by the Mortgagee to the First Owner].] By an assignment of the same date as this Deed made between the First Owner and the First Assignee, the First Owner assigned the First Assignee’s Unit to the First Assignee.