ASSIGNMENT

Contract Categories: Business Finance - Assignment Agreements
EX-10.20 2 a05-22543_2ex10d20.htm MATERIAL CONTRACTS

Exhibit 10.20

 

Triangle

 

ASSIGNMENT

 

This Assignment is made as of the 23rd day of December, 2005 by INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation (“Assignor”) to and for the benefit of MB LONGVIEW TRIANGLE, L.L.C., a Delaware limited liability company (“Assignee”).

 

Assignor does hereby sell, assign, transfer, set over and convey unto Assignee all of its right, title and interest as Buyer under into that Agreement of Sale dated as of June 23, 2005, as amended, and entered into by Kimco Longview, LLC, a Delaware limited liability company and Assignor, as Buyer (collectively, the “Agreement”), for the sale and purchase of the property described by the Agreement, located in the City of Longview, State of Washington.

 

Assignor represents and warrants that it is the Buyer under the Agreement, and that it has not sold, assigned, transferred, or encumbered such interest in any way to any other person or entity. By acceptance hereof, Assignee accepts the foregoing assignment and agrees, from and after the date hereof, to (i) perform all of the obligations of Buyer under the Agreement, and (ii) indemnify, defend, protect and hold Assignor harmless from and against all claims and liabilities arising under the Agreement.

 

IN WITNESS WHEREOF, Assignor and Assignee have executed this instrument as of the date first written above.

 

 

ASSIGNOR:

 

 

 

INLAND REAL ESTATE ACQUISITIONS, INC.

 

an Illinois corporation

 

 

 

By:

 

/s/ Lou Quilici

 

 

Name:

Lou Quilici

 

 

As Its:

SR. VP

 

 

 

 

ASSIGNEE:

 

 

 

MB LONGVIEW TRIANGLE, L.L.C., a Delaware

 

limited liability company

 

 

 

By:

Minto Builders (Florida), Inc.,

 

 

a Florida corporation, its sole member

 

 

 

By:

 

/s/ Lori J. Foust

 

 

Name:

Lori J. Foust

 

 

Its:

 

Treasurer