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201206720
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Last modified
9/10/2012 2:53:03 PM
Creation date
8/16/2012 9:01:35 AM
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DEEDS
Inst Number
201206720
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201206720 <br />obligation arising under or in connection with the Subject Assets for events occurring on or after <br />the Effective Time. <br />3. ASSIGNEE acknowledges that in accepting this General Conveyance, <br />ASSIGNEE has relied solely on the terms and conditions and representations, warranties, and <br />covenants contained in this General Conveyance. <br />4. If there are prohibitions against or conditions to the conveyance of one or more <br />portions of the Subject Assets without the prior written consent of third parties (other than <br />consents of a ministerial nature which are normally granted in the ordinary course of business) <br />that, if not satisfied, would result in a breach thereof by Assignor or would give a third party the <br />right to terminate Assignor's or Assignee's rights with respect to such Subject Assets (any such <br />prohibition or condition being herein called a"Restriction"), then notwithstanding anything <br />herein to the contrary, the transfer of title to, or interest in, such portion of the Subject Assets <br />through this General Conveyance shall not become effective unless and until such Restriction is <br />satisfied or waived by the parties hereto, or becomes otherwise inoperable or unenforceable. <br />When and if such Restriction is so satisfied, waived or removed, the assignment of such portion <br />of the Subject Assets as may be subject thereto shall become effective automatically as of the <br />Effective Time, without further action on the part of Assignor or Assignee, respectively. Until <br />such Restriction can be satisfied or waived, or becomes otherwise inoperable or unenforceable, <br />Assignor shall, as of and from the Effective Time (a) hold such Subject Assets in trust for <br />Assignee and (i) perform the covenants and obligations thereunder in Assignor's name and all <br />benefits and obligations existing thereunder shall be for Assignee's account (subject to an <br />agreement between Assignor and Assignee regarding the allocation of costs related thereto), or <br />(ii) to the extent permitted by the terms of the agreements underlying such Subject Assets, <br />authorize Assignee to perform obligations and receive all the benefits of Assignor under such <br />Subject Assets, or (b) enter into such other mutually agreeable arrangements with Assignee <br />and/or the appropriate third party that would otherwise allow Assignee to receive all benefits of <br />Assignor under the Subject Assets. <br />5. This General Conveyance shall be binding upon and inure to the benefit of the <br />respective designees, successors and permitted assigns of the ASSIGNOR and ASSIGNEE, and <br />may be executed in a number of identical counterparts, each of which for all purposes is to be <br />deemed as original, and all of which constitute, collectively, one instrument. <br />6. This General Conveyance, Assignment and Bill of Sa1e shall be governed by and <br />construed in accordance with the laws of the state in which the Subject Assets are located. <br />[SIGNATURE PAGE FOLLOWS] <br />#4073169.5 <br />
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