ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • October 4th, 2007 • National Tax Credit Investors Ii • Real estate operators (no developers) & lessors • Arkansas
This Assignment and Assumption Agreement (the "Agreement") is made as of September 28, 2007 (the "Effective Date"), by and between National Tax Credit Investors II, a California limited partnership ("NTCI II"), and National Tax Credit, Inc. II, a California corporation (together with NTCI II, each an "Assignor" and, collectively, "Assignors"); Germantown Management Company, Inc., a Arkansas corporation ("General Partner"'); and James E, Lindsey, an individual, Walter L. Harber, an individual, Gary S. Cuozzo, an individual, Edward Calhoun, an individual (each an "Assignee" and, collectively, "Assignees" and together with each of Assignors and General Partner, each a "Party," and as the context requires, any two or more, collectively, the "Parties"), with reference to the following:
