Examples of Assigned Interests in a sentence
The Assignor and Assignee shall consummate the purchase and sale of the Assigned Interest (the “Closing”) on the date of execution of this Agreement (the “Closing Date”) upon (a) execution and delivery of this Agreement and any such documents and instruments as may be legally necessary or otherwise reasonably required to effect the transfer of the Assigned Interests and (b) payment of the Purchase Price as set forth in Section 2 of this Agreement.
The Assignor is the sole legal and beneficial owner of the Assigned Interests and has not assigned or otherwise transferred to any third party any rights with respect to its interest in the Assigned Interests or any rights to its interest in collateral securing the obligations under the Loan Documents.