Common use of ASSUMPTION OF CONTRACT Clause in Contracts

ASSUMPTION OF CONTRACT. As of the Effective Date, Assignee hereby undertakes, accepts, and assumes the assignment of the Contract and assumes all duties and obligations of the Assignor under the Contract and covenants to perform and discharge the same as the Assignee of the Assignor.

Appears in 15 contracts

Sources: Contract Assignment, Contract No. 01519 Analytical Laboratory Services, Contract Assignment

ASSUMPTION OF CONTRACT. As of the Effective Date, Assignee hereby undertakes, accepts, and assumes the assignment of the Contract and assumes all duties and obligations of the Assignor under the Contract and covenants to perform and discharge the same as the Assignee of the Assignor. As of the Effective Date, any reference to “Contractor” in the Contract shall mean Assignee.

Appears in 1 contract

Sources: Contract Assignment