Common use of ASSIGNMENT TO THE UPREIT Clause in Contracts

ASSIGNMENT TO THE UPREIT. Immediately prior to the Closing, Acquiror shall assign its entire right, title and interest in, to and under this Agreement to the UPREIT, and the sole general partner of the UPREIT shall be the REIT. Simultaneously with such assignment, the UPREIT shall assume all of Acquiror's obligations and responsibilities under this Agreement.

Appears in 2 contracts

Sources: Contribution Rights Agreement (Corporate Office Properties Trust), Contribution Agreement (Corporate Office Properties Trust)