Assignment; Option Effective Date Clause Samples

Assignment; Option Effective Date. The Receiver hereby assigns and the Bridge Bank hereby assumes, without further action by either the Receiver or the Bridge Bank, all of the Receiver’s rights, interests, obligations and liabilities of every nature or kind, accrued, fixed, absolute, contingent or otherwise in, under or related to the Transferred Optional Contacts, including amounts accrued or liabilities incurred on or prior to the Bank Closing Date (to the extent such are not Retained Liabilities) as of the Option Effective Date.