Common use of Assignment and Assumption Agreements Clause in Contracts

Assignment and Assumption Agreements. An assignment and assumption agreement substantially in the form attached hereto as Exhibit C (the “Assignment and Assumption Agreement”) executed and acknowledged by the City: (i) conveying to SEARHC all of the City’s right, title, and interest in, to and under the Assumed Contracts and, by one or more separate instruments, the Real Property Leases and Licenses, and (ii) pursuant to which SEARHC shall assume the future payment and performance of the Assumed Liabilities.

Appears in 6 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement, Asset Purchase Agreement

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