Common use of TRANSFER OF RIGHTS AND DUTIES Clause in Contracts

TRANSFER OF RIGHTS AND DUTIES. The rights and duties of Prudential under this Declaration shall be transferred to and automatically assumed by the Association upon the earliest of the following to occur: 1. The sale of ninety per cent (90%) of Xxxxxxx Industrial Park No. 3 by Prudential to Owners as evidenced by the official records of the Santa Xxxxx County Recorder; or 2. The recordation by Prudential of an appropriate instrument with the Santa Xxxxx County Recorder transferring the rights and duties of Prudential under this Declaration to the Association.

TRANSFER OF RIGHTS AND DUTIES. The rights and duties of Prudential under this Declaration shall be transferred to and automatically assumed assured by the Association upon the earliest of the following to occur: 1. The sale of ninety per cent percent (90%) of Xxxxxxx Industrial Moffxxx Xxxustrial Park No. 3 5 by Prudential to Owners as evidenced by the official records of the Santa Xxxxx County Clarx Xxxnty Recorder; or 2. The recordation by Prudential of an appropriate instrument with the Santa Xxxxx County Clarx Xxxnty Recorder transferring the rights and duties of Prudential under this Declaration to the Association.

TRANSFER OF RIGHTS AND DUTIES. The rights and duties of Prudential under this Declaration shall be transferred to and automatically assumed by the Association upon the earliest of the following to occur: 1. The sale of ninety per cent percent (90%) of Xxxxxxx Industrial industrial Park No. 3 11 by Prudential to Owners as evidenced by the official records of the Santa Xxxxx County Recorder; or 2. The recordation by Prudential of an appropriate instrument with the Santa Xxxxx County Recorder transferring the rights and duties of Prudential under this Declaration to the Association.

TRANSFER OF RIGHTS AND DUTIES. The rights and duties of Prudential under this Declaration shall be transferred to and automatically assumed by the Association upon the earliest of the following to occur: : 1. The sale of ninety per cent percent (90%) of Xxxxxxx Industrial Park No. 3 11 by Prudential to Owners as evidenced by the official records of the Santa Xxxxx County Recorder; or or 2. The recordation by Prudential of an appropriate instrument with the Santa Xxxxx County Recorder transferring the rights and duties of Prudential under this Declaration to the Association.

TRANSFER OF RIGHTS AND DUTIES. The rights and duties of Prudential under this Declaration shall be transferred to and any automatically assumed by the Association upon the earliest of the following to occur: 1. The sale of ninety per cent (90%) of Xxxxxxx Industrial Park No. 3 2 by Prudential to Owners as evidenced by the official records of the Santa Xxxxx County Recorder; or 2. The recordation by Prudential of an appropriate instrument with the Santa Xxxxx County Recorder transferring the rights and duties of Prudential under this Declaration to the Association.