Assigned Properties definition
Examples of Assigned Properties in a sentence
Tenant operates an assisted living facility (the "Facility") located on -------- the Property, which Facility is managed by Manager; and WHEREAS, Tenant desires HCRT Assignee to terminate the Lease and HCRT Assignee desires for Assignor to sell, assign and convey unto HCRT Assignee or Emeritus Assignee, as the case may be, the Assigned Properties (as defined below).
Notwithstanding the warranty as to ----------------------------- merchantable title, Assignor sells and conveys the Assigned Properties hereunder - to Assignee in its present condition, AS IS, WHERE IS, AND WITHOUT ANY REPRESENTATION OR WARRANTY WHATSOEVER.
Assignor does hereby GRANT, ---------------------------------- BARGAIN, SELL, CONVEY, ASSIGN, TRANSFER, SET OVER and DELIVER to and VEST in Emeritus Assignee, its successors and assigns, the Emeritus Assigned Properties.
Assignor indemnifies Assignee from any claims applicable to the Assigned Properties with respect to the period prior to the date hereof.
Assignor agrees to perform all the terms, covenant and conditions to be observed or performed by Assignor under the Assigned Properties to the extent accruing or arising prior to the date of this Assignment.
Assignor does hereby grant, quitclaim, release and convey to Assignee and its successors and assigns, and Assignee does hereby assume and accept, all of Assignor’s right, title and interest, if any, in and to the Assigned Properties.
Assignee indemnifies Assignor from any claims applicable to the Assigned Properties with respect to the period from and after the date hereof.
Assignee, by its acceptance hereof, hereby assumes all obligations of Assignor arising with respect to the Assigned Properties from and after the date hereof, but not otherwise.
Assignor desires to assign, transfer, and convey to Assignee certain tangible personal property, together with certain contract rights, guaranties, licenses, and other specified items of intangible property (but specifically excluding cash), affixed or attached to the Property, except those owned by tenants of the Property (such tangible and intangible properties herein below specified being collectively called the "Assigned Properties").
This Agreement and the rights, duties, and obligations under the Original License assigned and transferred hereunder shall serve as the agreement between Assignee and Licensee with respect to the Assigned Properties.