ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. Seller hereby assigns, conveys, sets over and delivers to Buyer all of Seller’s right, title, obligation and interest in and to the Assumed Obligations. Buyer hereby accepts and assumes from Seller the Assumed Obligations from and after the date of this Agreement. Buyer acknowledges that the intent of this Agreement is to make Buyer fully responsible for the Assumed Obligations and to release Seller therefrom from and after the date of this Agreement. Buyer shall comply with all specific obligations applicable to the Assumed Obligations as set forth in the Development Agreement from and after the date of this Agreement. Buyer agrees to indemnify, defend, and hold Seller harmless from and against any and all losses, debts, claims, liabilities, responsibilities, costs and expenses (including reasonable attorneys’ fees) accruing on and after the date of this Agreement in connection with any obligation or liability related to the Assumed Obligations or arising from or related to Buyer’s failure to perform any of the Assumed Obligations in accordance with the Development Agreement on or after the date of this Agreement. Seller agrees to indemnify, defend, and hold Buyer harmless from and against any and all losses, debts, claims, liabilities, responsibilities, costs and expenses (including reasonable attorneys’ fees) accruing prior to the date of this Agreement in connection with any obligation or liability related to the obligations of Seller under the Development Agreement, including, without limitation, the Assumed Obligations, or arising from or related to Seller’s failure to perform such obligations in accordance with the Development Agreement prior to the date of this Agreement.
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. Effective as of the Closing, (i) Phairson hereby sells, assigns, conveys and transfers to LMS all of Phairson's right, title and interest in, to and arising under or relating to the Development Agreement and all intellectual property and other rights of Phairson obtained or arising thereunder, but excluding the Patent Rights (which shall be transferred to LMS pursuant to separate instrument(s)) and (ii) LMS hereby assumes and shall be solely responsible for all of the obligations and liabilities of Phairson arising under the Development Agreement from and after such date.
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. THIS ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT (“Assignment”) is made as of , 2015, by and among DRAPER HOLDINGS, LLC, a Utah limited liability company (“Assignor”), BG VISTA STATION, L.C., a Utah limited liability company (“Assignee”), REDEVELOPMENT AGENCY OF DRAPER CITY, a public entity (“Agency”), DRAPER CITY, a Utah municipal corporation (“City”), and UTAH TRANSIT AUTHORITY, a public transit district organized and existing pursuant to Utah Law (“UTA”), who agree as follows:
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. This Assignment and Assumption of Development Agreement (this “Assignment”) is made as of January , 2023 by and between CV COMMUNITIES, LLC, a Delaware limited liability company (“Assignor”), and EXETER CHERRY VALLEY LAND, LLC, a Delaware limited liability company (“Assignee”).
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. Seller and Purchaser each shall execute and deliver an assignment and assumption of the Development Agreement substantially in the form attached hereto as EXHIBIT S, pursuant to which Seller shall assign to Purchaser all of Seller's right, title and interest in and to the Development Agreement and Purchaser shall assume from Seller all of Seller's obligations and liabilities arising from and after the Apportionment Date with respect to the Development Agreement. Seller shall further deliver to Purchaser a consent to the foregoing assignment of the Development Agreement executed by Marriott Design, to the extent required thereunder.
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. Assignor does hereby assign to Assignees all of Assignor's right, title and 72727813v1 interest in and to the Development Agreement. Assignees hereby accept the assignment of the Assignor's interest in the Development Agreement, and hereby assumes all of the obligations and liabilities of the Developer thereunder accruing from and after the Effective Date, and agrees, for the benefit of Assignor and the City, to perform, observe, keep and comply with all the terms, covenants, conditions, provisions and agreements contained therein on the part of Assignor to be performed, observed, kept and complied with from and after the Effective Date.
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT. Approved as to form and consent for Seller and Buyer to enter into this Agreement in accordance with the Development Agreement. The undersigned hereby consents to the foregoing Agreement and agrees to be bound by the provisions thereof: CITY OF ARDEN HILLS, MINNESOTA By: Its: Mayor Date: , 2021 By: Its: City Administrator Date: , 2021 STATE OF MINNESOTA COUNTY OF XXXXXX } This instrument was acknowledged before me on , 2021 by and , the Mayor and City Administrator, respectively, of the City of Arden Hills, Minnesota, a municipal corporation under the laws of Minnesota, on behalf of such municipal corporation. (Seal) Notary Public EXHIBIT A TO ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT ASSUMED OBLIGATIONS Excepted as otherwise stated below the following obligations are assigned and assumed by Buyer under the Development Agreement with respect to Xxx 0, Xxxxx 0, Xxxxx Xxxxx Addition, Xxxxxx County, Minnesota (the “Property”). All section references refer to the applicable sections of the Development Agreement: Obligations to be assigned to and assumed by Buyer under the Development Agreement with respect to the Property. All section references refer to the applicable sections of the Amended and Restated Master Planned Unit Development Agreement and Phase I Development Contract by and among Seller, the City of Arden Hills, Minnesota (the “City”) and XXXXXX X. XXXXX, as Trustee of the Xxxxxx X. Xxxxx 2011 Trust dated November 15, 2011, an undivided 25% interest; and XXXXX
ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT AGREEMENT a ("Assignor") is a party to the Development Agreement Between the City of Angleton, Texas and ANCHOR HOLDINGS MP, LLC AND WILDROCK HOLDINGS, LLC, dated , 2022 (the "Development Agreement"), by and between the Assignor and the City of Angleton, Texas (the "City"). The Development Agreement in Section 8.04 addresses if the Assignor sells all or a portion of the Tract to an independent third-party developer. Assignor assigns all of its rights and duties under the Development Agreement with respect to the portion of the Tract sold to "Assignee"). (the The Assignee hereby accepts the full and complete assignment of the Assignor's rights and duties under the Development Agreement with respect to the portion of the Tract sold, and further agrees to be bound to all of the terms of the Development Agreement. A copy of this instrument shall serve as notice to the parties to the Development Agreement. Effective as of , 2022. CITY OF ANGLETON, TEXAS Mayor ATTEST: City Secretary DEVELOPER:
