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 Mortgage(s); (v) any and all contracts or rights with respect to any agreements with the Lenders and any Agency; and (vi) any other work product related to the Apartment Complex and/or the Partnership; provided, however, that the right, title and interest so assigned and transferred shall be subject to any lien or security interest which may be required by the Construction Lender; and provided, further, that this Section 6.14 shall not apply to SHLP's (as distinguished from the Partnership's) right, title and interest in and to the Construction Contract, the Development Services Agreement (1993), the Development Services Agreement (1995), the Management Services Agreement or any of the Service Notes.