Common use of Assignment and Assumption of Tenant Leases Clause in Contracts

Assignment and Assumption of Tenant Leases. At Closing, all of Seller's rights, title and interests in and to the Tenant Leases shall be transferred and assigned to Buyer, and Buyer shall assume all of Seller's obligations and liabilities under the Tenant Leases arising from and after Closing, subject to the provisions of Section 11 hereof, by an Assignment and Assumption of Tenant Leases (the "Assignment and Assumption of Tenant Leases") in the form attached hereto as Exhibit "6".

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

AutoNDA by SimpleDocs

Assignment and Assumption of Tenant Leases. At Closing, each Seller shall transfer and assign all of Seller's its respective rights, title and interests in and to the Tenant Leases shall be transferred and assigned to Buyer, and Buyer shall assume all of Seller's obligations and liabilities under the Tenant Leases arising from and after Closing, subject to the provisions of Section 11 12 hereof, by an Assignment and Assumption of Tenant Leases (the "Assignment and Assumption of Tenant Leases") substantially in the form attached hereto as Exhibit EXHIBIT "67".

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!