Common use of Consent to Assignment and Assumption Clause in Contracts

Consent to Assignment and Assumption. Holder, for itself, its successors and assigns, hereby consents to the assignment of the Note by Assignor to Assignee and the assumption by Assignee of all obligations of Assignor to pay principal and accrued interest and other sums which may become due and owing to Holder under the Note. By this consent, Holder releases and forever discharges Assignor from any further obligation or liability whatsoever under the Note and agrees to look solely and exclusively to Assignee for the payment of all sums due or which may become due to Holder thereunder.

Consent to Assignment and Assumption. Holder, for itself, its successors and assigns, hereby consents to the assignment of the Note Notes by Assignor to Assignee and the assumption by Assignee of all obligations of Assignor to pay principal and accrued interest and other sums which may become due and owing to Holder under the NoteNotes. By this consent, Holder releases and forever discharges Assignor from any further obligation or liability whatsoever under the Note Notes and agrees to look solely and exclusively to Assignee for the payment of all sums due or which may become due to Holder thereunder.