ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • June 1st, 2011 • National Tax Credit Partners L P • Real estate operators (no developers) & lessors
This Assignment and Assumption Agreement (the "Agreement") is made as of April 4, 2011 (the "Effective Date"), by and between National Tax Credit Partners, L.P., a California limited partnership ("NTCP"), and National Tax Credit, Inc., a California corporation ("NTC, Inc." and together with NTCP, collectively, "Assignors" and each, an "Assignor"); Rolling Hills AGP, LLC, a New Jersey limited liability company ("RH AGP"), and RH-Michaels Investors, LLC, a New Jersey limited liability company ("RH Investors" and together with RH AGP, each, an "Assignee" and, collectively, "Assignees"); and Rolling Hills-Michaels, LLC, a New Jersey limited liability company ("RH-Michaels" and together with Assignors and Assignees, each a "Party" and, as the context requires, any two or more, collectively, "Parties"), with reference to the following:
