Common use of Acceptance and Assumption Clause in Contracts

Acceptance and Assumption. Effective as of the date hereof, Assignee hereby (i) accepts the foregoing assignment, transfer and conveyance and (ii) assumes all of Assignor’s rights and obligations under the Purchase Agreement.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Tonghao (Cayman) LTD), Assignment and Assumption Agreement (Tonghao (Cayman) LTD), Assignment and Assumption Agreement (Tonghao (Cayman) LTD)

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Acceptance and Assumption. Effective as Assignee hereby accepts the foregoing ------------------------- assignment of the date hereofLease and Assignor's rights thereunder and, subject to the terms of this Agreement, Assignee hereby (i) accepts the foregoing assignment, transfer expressly assumes and conveyance agrees to perform and (ii) assumes fulfill all of Assignor’s rights the terms and obligations to be performed by the "Tenant" under the Purchase AgreementLease which accrue on and after the Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption of Industrial Lease Agreement (Tibco Software Inc)

Acceptance and Assumption. Effective as Assignee hereby accepts the foregoing ------------------------- assignment of the date hereofLease and Assignor's rights thereunder and, subject to the terms of this Agreement and the Lease, Assignee hereby (i) accepts the foregoing assignment, transfer expressly assumes and conveyance agrees to perform and (ii) assumes fulfill all of Assignor’s rights the terms and obligations to be performed by the "Tenant" under the Purchase AgreementLease which accrue on and after the Effective Date.

Appears in 1 contract

Samples: Assignment and Assumption of Industrial Lease Agreement (Tibco Software Inc)

Acceptance and Assumption. Effective as As of the date hereofEffective Date, Assignee hereby (i) Assignee accepts assignment of the foregoing assignment, transfer Agreement and conveyance and (ii) assumes all of Assignor’s the rights and obligations under the Purchase Agreement.of Assignor thereunder and

Appears in 1 contract

Samples: Assignment and Assumption and First Amendment to Offer to Buy Real Estate and Acceptance (Nonresidential)

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Acceptance and Assumption. Effective as of the date hereof, Assignee hereby (i) accepts the foregoing assignment, ------------------------- transfer and conveyance assignment of the Leases and (ii) assumes Improvements and agrees to assume all obligations of Assignor’s rights Assignor with respect to the Leases accruing or arising from and obligations under after the Closing Date, subject to the terms of the Purchase Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (National Golf Properties Inc)

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