Assignment and Assumption definition
Examples of Assignment and Assumption in a sentence
The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning ▇▇▇▇▇▇ and an Eligible Assignee, the Eligible Assignee’s completed administrative questionnaire (unless such Eligible Assignee shall already be a Lender hereunder), any processing and recordation fee and any written consent to such assignment required hereunder, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register.
This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]3 Assignor identified in item 1 below ([the][each, an] “ Assignor”) and [the][each]4 Assignee identified in item 2 below ([the][each, an] “Assignee ”).
M▇▇▇▇▇ shall cause M▇▇▇▇▇ Indiana Real Estate, LLC, a Delaware limited liability company (“M▇▇▇▇▇ Indiana”) to transfer to GEM (or its nominee or designee), by special warranty deed (the “Deed”) and Bill of Sale Assignment and Assumption (the “Bill of Sale”), full and complete ownership of and title to the Property (as hereinafter defined).
Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.