Common use of SCOPE OF ASSIGNMENT Clause in Contracts

SCOPE OF ASSIGNMENT. Owner assigns all its rights, title, and interest, and delegates Owner’s obligations, responsibilities, and duties, in and to the Agreement, to Assignee. Xxxxxxxx accepts this assignment and agrees to perform these obligations, responsibilities, and duties. GBCI will recognize Assignee as Owner’s successor in interest to the Agreement, and GBCI and Assignee shall be bound by the terms of the Agreement in every way as if Assignee was named in the Agreement. In consideration of GBCI accepting this Assignment, Owner agrees to discharge and release GBCI from any and all obligations to Owner, and waives any and all rights and/or claims it may have against GBCI effective as of GBCI’s acceptance of this Assignment.

SCOPE OF ASSIGNMENT. Owner assigns all its rights, title, and interest, and delegates Owner’s obligations, responsibilities, and duties, in and to the Agreement, to Assignee. Xxxxxxxx Assignee accepts this assignment and agrees to perform these obligations, responsibilities, and duties. GBCI will recognize Assignee as Owner’s successor in interest to the Agreement, and GBCI and Assignee shall be bound by the terms of the Agreement in every way as if Assignee was named in the Agreement. In consideration of GBCI accepting this Assignment, Owner agrees to discharge and release GBCI from any and all obligations to Owner, and waives any and all rights and/or claims it may have against GBCI effective as of GBCI’s acceptance of this Assignment.