Common use of Approval of Assignment and Assumption Clause in Contracts

Approval of Assignment and Assumption. The Creditor (a) approves, consents to, and accepts the assignment and delegation by the Debtor and to the Assuming Party for the payment and the performance of the Liabilities; and (b) forever release and discharge the Debtor from the Liabilities.

Approval of Assignment and Assumption. The Creditor Creditors (a) approvesapprove, consents consent to, and accepts accept the assignment and delegation by the Debtor and to the Assuming Party for the payment and the performance of the Liabilities; and (b) forever release and discharge the Debtor from the Liabilities.

Approval of Assignment and Assumption. The Creditor (a) approves, consents to, and accepts the assignment and delegation d legation by the Debtor and to the assumption by the Assuming Party for the payment of duties, liabilities and the performance obligations of the Liabilities; and (b) forever release and discharge the Debtor from under the Liabilities.