Common use of Assignor's Covenants Clause in Contracts

Assignor's Covenants. The Assignor hereby covenants and agrees with the Assignee that: (a) all obligations, agreements and covenants contained in the Master Development Agreement have been duly observed and performed by the Assignor up to the Effective Date; and (b) the Assignor now has full right, power and absolute authority to assign the Master Development Agreement in the manner aforesaid, according to the true intent and meaning of this Agreement.