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Common use of Assumption Clause in Contracts

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord under the Leases first arising or accruing on or after the date of this Assignment.

Appears in 18 contracts

Samples: Purchase and Sale Agreement (Resource Real Estate Investors 6 LP), Purchase and Sale Agreement (Resource Real Estate Investors 7, L.P.), Purchase and Sale Agreement (Resource Real Estate Investors 7, L.P.)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord under the Leases first Contracts arising or accruing on or after the date of this Assignment.

Appears in 15 contracts

Samples: Purchase and Sale Agreement (Resource Real Estate Investors 6 LP), Purchase and Sale Agreement (Resource Real Estate Investors 6 LP), Purchase and Sale Agreement (Resource Real Estate Investors 7, L.P.)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord lessor under the Tenant Leases first arising or accruing on or after the date of this Assignment.

Appears in 3 contracts

Samples: Agreement of Sale and Purchase (American Real Estate Investment Corp), Agreement of Sale and Purchase (American Real Estate Investment Corp), Agreement of Sale and Purchase (American Real Estate Investment Corp)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord under the Leases Assigned Contracts first arising or accruing on or after the date of this Assignment.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Resource Real Estate Investors 7, L.P.), Purchase and Sale Agreement (Resource Real Estate Investors 7, L.P.), Purchase and Sale Agreement (Resource Real Estate Investors 7, L.P.)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord under the Tenant Leases first arising or accruing on or after the date of this Assignment.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Resource Real Estate Opportunity REIT II, Inc.)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord under the Leases first Service Agreements arising or accruing on or after the date of this Assignment.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Resource Real Estate Opportunity REIT II, Inc.)

Assumption. Assignee accepts said assignment and assumes ---------- all obligations of Assignor on the part of the lessor/landlord Assignor under the Leases first arising or accruing on or after the date of this Assignment.

Appears in 1 contract

Samples: Asset Purchase Agreement (Manor Investment Co Inc)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord lessor under the Leases Tenant Lease first arising or accruing on or after the date of this Assignment.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (American Real Estate Investment Corp)

Assumption. Assignee accepts said assignment and assumes all obligations of Assignor on the part of the lessor/landlord under the Leases Service Agreements first arising or accruing on or after the date of this Assignment.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (American Real Estate Investment Corp)