This form is an Assumption Agreement. The form provides that the grantee will assume a lien on property described in the agreement. The assumption will become effective on the date provided in the agreement.
Assignment And Assumption Agreement With Novation In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00424
Format:
Word;
Rich Text
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This Standard Document contains provisions to incorporate an assumption of the delegated obligations and an optional novation into the assignment agreement. The Parties agree to amend the Grant Agreement to reflect the change in recipient from Build.It Green to Franklin Energy Services, LLC. This assignment and assumption agreement template includes a novation agreement and may be used to transfer an agreement from one party to another. AC and CAA shall execute at Closing a Novation Agreement substantially in the form attached to the Amendment as Exhibit B (the "Second Novation Agreement").