name / content / group

name: Assumption

content: 155815

Assumption. Buyer hereby fully and completely assumes each and every obligation of Seller which is to be performed under the Contracts accruing from and after the date hereof. Buyer agrees that Buyer shall fully pay, perform and observe all of such obligations accruing from and after the date hereof. To the extent that this Agreement does not accomplish an assignment of Seller's interest, for the reason that Seller's interest is not assignable or otherwise, Buyer agrees that it accepts ownership of the Real Property subject to whatever rights, if any, are held by the other contracting parties under the Contracts.
Assumption. Buyer hereby fully and completely assumes each and every obligation of Seller which is to be performed under the Leases accruing from and after the date hereof. Buyer agrees that Buyer shall fully pay, perform and observe all of such obligations accruing from and after the date hereof.