Assignor and Assignee agree that this Assignment Agreement and the provisions herein contained shall be binding upon and inure to the benefit of Assignee and Assignor and their respective successors and assigns.
Revocation of Rights. Upon the occurrence of any of the following, the license granted hereunder shall be immediately revoked and all rights granted to Assignor hereunder shall immediately revert back to Assignor:
SECTION # Assignment. The Assignor hereby assigns and sells to the Assignee all of the rights of the Assignor under the Credit Agreement to the extent of the Assigned Amount and a corresponding portion of each of its outstanding Loans and Letter of Credit Liabilities, and the Assignee hereby accepts such assignment from the Assignor and assumes all of the obligations of
ASSIGNOR HEREBY REPRESENTS AND WARRANTS THAT ASSIGNOR’S INTEREST IN THE INTANGIBLE PROPERTY IS FREE OF ALL LIENS OR OTHER SECURITY INTERESTS. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES OF ASSIGNOR EXPRESSLY SET FORTH IN THIS ASSIGNMENT, ALL WARRANTIES OF QUALITY OF FITNESS FOR A PARTICULAR PURPOSE AND MERCHANTABILITY WITH RESPECT TO THE INTANGIBLE PROPERTY ARE HEREBY EXPRESSLY EXCLUDED. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES OF ASSIGNOR EXPRESSLY SET FORTH IN THIS ASSIGNMENT, THE INTANGIBLE PROPERTY SOLD HEREUNDER IS SOLD IN “AS IS” AND “WHERE IS” CONDITION WITHOUT ANY REPRESENTATION OR WARRANTY BY ASSIGNOR.
[[Person A:Person]], an individual (“Assignor”)
Assignment. Assignor does hereby assign, transfer and set over unto Assignee, and Assignee does hereby accept, all right, title and interest of Assignor in and to the Ground Lease, as of the Effective Date.
7 List each Assignor, as appropriate.
(“Assignor”) and (“Assignee”) agree as follows:
1 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.
With effect from the Effective Date, the Assignor hereby assigns to the Assignee, and the Assignee hereby accepts the assignment of, the Assignors entire, right, title and interest in and to the Patents including all statutory and common law rights.
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