Common use of Assignment to Partnership Clause in Contracts

Assignment to Partnership. The General Partners hereby transfer and assign to the Partnership all of their right, title, and interest in and to the Apartment Complex and in and to all of the Project Documents, including, but not limited to, the following: (i) all contracts with architects, supervising architects, engineers and contractors with respect to the development of the Apartment Complex; (ii) all plans, specifications and working drawings heretofore prepared or obtained in connection with the Apartment Complex; (iii) all governmental commitments and approvals obtained, and applications therefor, including, but not limited to, those relating to planning, zoning, building permits and Tax Credit; (iv) any and all commitments with respect to any of the Mortgages; (v) any and all contracts or rights with respect to any agreements with the Lender and/or Agency; and (vi) any other work product related to the Apartment Complex and/or the Partnership, all of which shall have an agreed to value of $100.00 for purposes of determining the opening Capital Account of the General Partners.

Assignment to Partnership. The General Partners hereby transfer and assign to the Partnership all of their right, title, title and interest in and to the Apartment Complex and in and to all of the Project Documents, including, but not limited to, the following: (i) all contracts with architects, supervising architects, engineers and contractors with respect to the development of the Apartment Complex; (ii) all plans, specifications and working drawings heretofore prepared or obtained in connection with the Apartment Complex; (iii) all governmental commitments and approvals obtained, and applications therefor, including, but not limited to, those relating to planning, zoning, building permits and Tax Credit; (iv) any and all commitments with respect to any of the MortgagesMortgage(s); (v) any and all contracts or rights with respect to any agreements with the Lender and/or Lenders and any Agency; and (vi) any other work product related to the Apartment Complex and/or the Partnership, all of which shall have an agreed to value of $100.00 1.00 for purposes of determining the opening Capital Account of the General Partners.