Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by Assignor's acceptance from Assignee of the Assignment and Assumption Agreement for each such Transferred Interest.
Appears in 4 contracts
Samples: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Vi)
Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by by, Assignor's acceptance from Assignee of the an Assignment and Assumption Agreement for each such Aircraft Transferred Interest.
Appears in 2 contracts
Samples: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund V), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund V)
Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Transferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by Assignor's acceptance from Assignee of the Assignment and Assumption Agreement for each such Transferred Interest.
Appears in 2 contracts
Samples: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Iv)
Sale and Assignment. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of Assignee set forth herein, at each applicable Effective Time, Assignor does hereby sell, assign and transfer to Assignee all of Assignor's present and future right, title and interest in, to and under each Trans ferred Transferred Interest including, without limitation, all of the Assumed Liabilities relating to such Transferred Interest; provided that such sale, assignment and transfer shall be effective only upon the satisfaction or waiver, at or prior to the applicable Effective Time for each such Transferred Interest, of the conditions set forth in Section 7, such satisfaction or waiver to be evidenced by by, Assignor's acceptance from Assignee of the an Assignment and Assumption Agreement for each such Aircraft Transferred Interest.
Appears in 2 contracts
Samples: Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii), Purchase, Assignment and Assumption Agreement (Polaris Aircraft Income Fund Ii)