Common use of Assumption and Acceptance Clause in Contracts

Assumption and Acceptance. Assignee hereby accepts the assignments as aforesaid, and assumes and agrees to perform the duties, obligations and liabilities of Assignor under the MIPA as set forth therein assumed by Assignee pursuant to this Assignment.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Manufactured Housing Properties Inc.), Membership Interest Purchase Agreement (Manufactured Housing Properties Inc.), Assignment of Membership Interest Purchase Agreement (Manufactured Housing Properties Inc.)

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Assumption and Acceptance. Assignee hereby accepts the assignments as aforesaid, and assumes and agrees to perform the duties, obligations and liabilities of Assignor under the MIPA Purchase Agreement as set forth therein assumed by Assignee pursuant to this Assignment.

Appears in 2 contracts

Samples: Assignment of Purchase and Sale Agreement (Manufactured Housing Properties Inc.), Assignment of Purchase and Sale Agreement (Manufactured Housing Properties Inc.)

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Assumption and Acceptance. Assignee hereby accepts the foregoing assignments as aforesaid, and assumes and agrees to perform the duties, obligations and liabilities of Assignor under the MIPA as set forth therein assumed Regulations relating thereto, to the extent applicable, and agrees to be bound by Assignee pursuant to this Assignmentthe terms of the Regulations.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Firstplus Financial Group Inc)

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