Common use of Assumption by Assignee Clause in Contracts

Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to perform all of the duties, obligations, liabilities, commitments and covenants of Assignor accruing from and after the date hereof with respect to or arising under each of the Contracts; provided that Assignee further agrees to perform all of the duties, obligations, liabilities, commitments and covenants under the Contracts relating to the physical or environmental condition of Property regardless of whether such duties, obligations, liabilities, commitments or covenants arose or accrued (or arise or accrue) prior to, on or after Closing (as defined in the Agreement) and regardless of whether such conditions exist or come into existence prior to, on or after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chicago Rivet & Machine Co)

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Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to perform all of the duties, obligations, liabilities, commitments and covenants of Assignor Assignor, accruing from and after the date hereof with respect to or arising under each of the ContractsProperty Leases; provided that Assignee further agrees to perform all of the duties, obligations, liabilities, commitments and covenants under the Contracts Property Leases relating to the physical or environmental condition of Property Property, regardless of whether such duties, obligations, liabilities, commitments or covenants arose or accrued (or arise or accrue) prior to, on or after Closing (as defined in the Agreement) and regardless of whether such conditions exist or come into existence prior to, on or after ClosingClosing (as defined in the Agreement).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Crystal River Capital, Inc.)

Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to perform all of the duties, obligations, liabilities, commitments and covenants of Assignor accruing from and after the date hereof with respect to or arising under each of the Property Contracts; provided that Assignee further agrees to perform all of the duties, obligations, liabilities, commitments and covenants under the Property Contracts relating to the physical or environmental condition of Property regardless of whether such duties, obligations, liabilities, commitments or covenants arose or accrued (or arise or accrue) prior to, on or after Closing (as defined in the Agreement) and regardless of whether such conditions exist or come into existence prior to, on or after ClosingClosing (as defined in the Agreement).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Crystal River Capital, Inc.)

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Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to perform all of the duties, obligations, liabilities, commitments and covenants of Assignor accruing from and after the date hereof with respect to or arising under each of the Property Contracts; provided that Assignee further agrees to perform all of the duties, obligations, liabilities, commitments and covenants under the Property Contracts relating to the physical or environmental condition of Property regardless of whether such duties, obligations, liabilities, commitments or covenants arose or accrued (or arise or accrue) prior to, on or after Closing (as defined in the Agreement) and regardless of whether such conditions exist or come into existence prior to, on or after ClosingClosing (as defined in the Agreement). 3.

Appears in 1 contract

Samples: Agreement of Purchase and Sale

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