Assignment by the Sample Clauses

Assignment by the. AHC Parties of Claims Against Third Parties: Each of the AHC parties hereby assigns to the ILM parties all claims, demands, debts, liabilities, obligations, accounts, reckonings, costs, expenses, liens, actions or cause of action ("Claims") that may exist in favor of the AHC parties against any third party, including but not limited to, PaineWebber, Inc. and PaineWebber Properties Inc., arising from AHC's former business relationship with the ILM entities. Each of the ILM parties acknowledge that none of the AHC parties, has made any representation to any of the ILM parties that any Claims exist and that this assignment is made by each of the AHC parties solely because such assignment was demanded by the ILM parties in connection with this Settlement Agreement. The ILM parties shall prosecute such Claims, if at all, in their own name as assignees. The AHC parties agree to tender, on the Closing Date, a separate assignment instrument that is consistent with this paragraph, in a form prepared by counsel for the ILM parties. Nothing herein shall be construed to constitute an assignment of any Claims held by ▇▇▇▇ ▇▇▇▇▇▇▇▇ against PaineWebber Properties, Inc. or PaineWebber Incorporated (collectively, "PW") arising out of ▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ former employment by PW. Nor shall anything herein be construed to prohibit the ILMs from bringing an action of any nature against PW.