Common use of Assignment of Contracts, Leases and Other Assets Clause in Contracts

Assignment of Contracts, Leases and Other Assets. On the terms and subject to the conditions set forth in this Agreement and any applicable Ancillary Agreement, each Seller will assign and transfer to Purchaser, effective as of the Closing Date, all of Sellers’ right, title and interest in, to and under, and Purchaser will assume, the following Contracts, as approved for sale, transfer and assignment pursuant to the Sale Approval Order (all of the following collectively are referred to herein as the “Assumed Contracts” and included in the term “Purchased Assets” as used herein):

Appears in 4 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Walter Investment Management Corp), Asset Purchase Agreement (Ocwen Financial Corp)

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