Assumption by Assignee. Assignee, hereby accepts the foregoing assignment, agrees to jointly and severally assume and perform all the duties and obligations to be performed by the Purchaser under the Agreement therein mentioned to the same extent as if Assignee had originally been named as the Purchaser in that Agreement, and to indemnify and hold Assignor harmless for any liability for performance or nonperformance of the duties and obligations assumed by Assignee.
Appears in 4 contracts
Samples: Assignment and Assumption of Agreement of Purchase and Sale (Moody National REIT II, Inc.), Assignment and Assumption of Agreement of Purchase and Sale (Moody National REIT II, Inc.), Assignment and Assumption Agreement of Purchase and Sale (Moody National REIT I, Inc.)
Assumption by Assignee. Assignee, hereby accepts the foregoing assignment, agrees to jointly and severally assume and perform all the duties and obligations to be performed by the Purchaser under the Agreement therein mentioned to the same extent as if Assignee had originally been named as the Purchaser in that Agreement, and to indemnify and hold Assignor harmless for any liability for performance or nonperformance of the duties and obligations assumed by Assignee.
Appears in 2 contracts
Samples: Assignment and Assumption of Agreement of Purchase and Sale (Moody National REIT II, Inc.), Hotel Management Agreement (Moody National REIT II, Inc.)
Assumption by Assignee. Assignee, Assignee hereby accepts the foregoing assignment, agrees to jointly assignment and severally does hereby assume and perform all of the Purchaser's duties and obligations to be performed by the Purchaser under the Agreement therein mentioned to the same extent as if Assignee had originally been named as the Purchaser in that Agreement, and to indemnify and hold Assignor harmless for any liability for performance or nonperformance of the duties and obligations assumed by Assignee.
Appears in 1 contract
Samples: Assignment and Assumption of Purchase and Sale Agreement (Crown American Realty Trust)