Examples of Transferred Property in a sentence
ASSIGNOR: [insert signature block] ASSIGNEE: [insert signature block] Exhibit A to Assignment and Assumption Agreement Transferred Property [To be inserted.] A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
The parties intend that, upon the execution of this Assignment and conveyance of the Transferred Property to Assignee, Assignee shall be deemed to be “Developer” under the Development Agreement with respect to the Transferred Property.
Assignee hereby assumes and agrees to perform all of Assignor’s rights, privileges and obligations as described in the Development Agreement, applicable to the Transferred Property, including without limitation, the Assumed Obligations (as defined below).
Assignee agrees that its rights and the rights of any Mortgagee secured by a Mortgage that encumbers all or part of the Transferred Property shall be subordinate to the Recorded Restrictions.
Assignee acknowledges receipt of the Development Agreement and all Exhibits thereto and agrees to be bound by the terms thereof and to develop the Transferred Property in accordance with such terms.