Common use of Transfer, Conveyance and Assumption Clause in Contracts

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 without further act or deed; thereafter, CPA 5, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 5, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 6 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 6 without further act or deed; thereafter, CPA 56, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 56, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 7 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 7 without further act or deed; thereafter, CPA 57, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 57, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 3 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 3 without further act or deed; thereafter, CPA 53, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 53, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 2 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 2 without further act or deed; thereafter, CPA 52, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 52, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 1 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 1 without further act or deed; thereafter, CPA 51, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 51, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.

Transfer, Conveyance and Assumption. At the Effective Time, CPA 5 4 shall continue in existence as the Surviving Partnership, and without further transfer, succeed to and possess all of the rights, privileges and powers of the Terminating Partnership, and all of the assets and property of whatever kind and character of the Terminating Partnership shall vest in CPA 5 4 without further act or deed; thereafter, CPA 54, as the Surviving Partnership, shall be liable for all of the liabilities and obligations of the Terminating Partnership, and any claim or judgment against the Terminating Partnership may be enforced against CPA 54, as the Surviving Partnership, in accordance with Section 15678.6(a) of the CRLPA.