ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • June 13th, 2011 • National Tax Credit Investors Ii • Real estate operators (no developers) & lessors
This Assignment and Assumption Agreement (the “Agreement”) is made as of June 7, 2011 (the “Effective Date”), by and between National Tax Credit Investors II, a California limited partnership (the “LP Assignor ”), and National Tax Credit, Inc. II, a California corporation (the “SLP Assignor” and together with the LP Assignor, collectively, “Assignors” and each, an “Assignor”); Tailored Management Services, LLC, an Idaho limited liability company (“Assignee”); and Marty D. Frantz, an individual (the “Operating General Partner” and together with Assignors and Assignee, each a “Party“ and, as the context requires, any two or more, collectively, “Parties”), with reference to the following:
