Common use of Lease Assignment and Assumption Agreements Clause in Contracts

Lease Assignment and Assumption Agreements. Assignments of the Leases to Purchaser by way of assignment and assumption agreements, in substantially the form attached hereto as Exhibit D (the “Lease Assignment and Assumption Agreement”), duly executed by each Seller conveying to Purchaser (i.e., to the applicable purchasing entity taking assignment of the applicable Leases) the rights, title and interests of each landlord in and to the Leases applicable to the portion of the Property being acquired by such purchasing entity.

Appears in 2 contracts

Sources: Settlement of Tax Indemnity and Mutual Release Agreement, Settlement of Tax Indemnity and Mutual Release Agreement (Howard Hughes Corp)