Common use of ASSIGNEE COVENANTS Clause in Contracts

ASSIGNEE COVENANTS. The Assignee hereby covenants and agrees with the Assignor that forthwith upon the assignment of the Agreement of Purchase and Sale it will assume, perform, comply with and be bound by, all obligations, warranties and representations of the Assignor as contained in the Agreement of Purchase and Sale as if the Assignee had originally executed the Agreement of Purchase and Sale as buyer with the seller.

Appears in 6 contracts

Samples: Commission Trust Agreement, Commission Trust Agreement, Commission Trust Agreement

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