Common use of Assignment to Purchaser Clause in Contracts

Assignment to Purchaser. Effective as of the Sale Date, Seller hereby absolutely assigns, transfers and conveys, effective from and including the Sale Date, all of Seller's right, title and interest in and to the Rental Pool Agreement insofar as they arise from ownership of and related to the Unit, and all rights and benefits to be derived thereunder (including any amounts payable to Seller thereunder) insofar as such rights and benefits arise from ownership of and related to the Unit.

Appears in 3 contracts

Samples: Hotel Operating and Rental Pool Agreement (Southwind Development Co LLC), Hotel Operating and Rental Pool Agreement (Southwind Development Co LLC), Hotel Operating and Rental Pool Agreement (Southwind Development Co LLC)

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Assignment to Purchaser. Effective as of the Sale Date, Seller hereby absolutely assigns, transfers and conveys, effective from and including the Sale Date, all of Seller's ’s right, title and interest in and to the Rental Pool Management Agreement insofar as they arise from ownership of and related to the Unit, and all rights and benefits to be derived thereunder (including any amounts payable to Seller thereunder) insofar as such rights and benefits arise from ownership of and related to the Unit.

Appears in 1 contract

Samples: Rental Management Agreement

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