Common use of Assumption by Assignee Clause in Contracts

Assumption by Assignee. Assignee hereby agrees to assume and perform all of the obligations, liabilities and responsibilities of the Assignor under the Lease which shall arise or be incurred, or which are required to be performed, on and after the Effective Date.

Appears in 3 contracts

Samples: Assignment and Assumption of Ground Lease (CNL Healthcare Properties, Inc.), Assignment and Assumption of Ground Lease (CNL Healthcare Properties, Inc.), Assignment and Assumption of Air Rights Lease (CNL Healthcare Properties, Inc.)

AutoNDA by SimpleDocs

Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to assume perform any and perform all of the duties, obligations, liabilities liabilities, commitments and responsibilities covenants of the Assignor under the Lease which shall arise or be incurred, or which are required to be performed, on accruing from and after the Effective Datedate hereof with respect to or arising under each of the Licenses and Permits and the Warranties.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Chicago Rivet & Machine Co), Purchase and Sale Agreement (Wells Core Office Income Reit Inc)

AutoNDA by SimpleDocs

Assumption by Assignee. Assignee hereby accepts the foregoing assignment and assumes and agrees to assume and perform all of the duties, obligations, liabilities liabilities, commitments and responsibilities covenants of the Assignor under the Lease which shall arise or be incurred, or which are required to be performed, on accruing from and after the Effective DateDate arising under each of the Leases.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Park Ohio Holdings Corp), Asset Purchase Agreement (Lawson Products Inc/New/De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!