Common use of Assignor's Covenants Clause in Contracts

Assignor's Covenants. Assignor covenants that the Lease is in full force and effect. Assignor further covenants that there are no defaults under the Lease. Assignor also covenants that, to its knowledge, no acts or events have occurred, which with the passing of time or the giving of notice or both, could later become defaults under the Lease. Assignor acknowledges and agrees that it shall remain primarily liable for the rent to be paid under the Lease and the performance of all terms and conditions of this Lease.