Acceptance, Assumption and Acknowledgment. Effective as of the Effective Time, HESM OpCo hereby accepts Assignor’s assignment of the Subject Units pursuant to Section 1.
Acceptance, Assumption and Acknowledgment. (a) Effective as of the Effective Time, the General Partner hereby accepts PDI’s assignment of the GP Membership Interests pursuant to Section 1(a) and hereby acknowledges and agrees to be bound by the terms of the LLC Agreements as a member of the Contributed Entities and assumes and agrees to perform all of PDI’s agreements and obligations existing or arising with respect to the GP Membership Interests.
Acceptance, Assumption and Acknowledgment. (a) Effective as of the Effective Time, each of the General Partner and the Partnership hereby accepts P66 Company’s assignment of the GP Membership Interests and LP Membership Interests, respectively, pursuant to Section 1(a) and hereby acknowledges and agrees to be bound by the terms of the LLC Agreement as a member of Medford and assumes and agrees to perform all of P66 Company’s agreements and obligations existing or arising with respect to the GP Membership Interests or LP Membership Interests, as applicable;
Acceptance, Assumption and Acknowledgment. (a) Effective as of the Effective Time, each of the General Partner and the Partnership hereby accepts Pipeline’s assignment of the GP Membership Interests and LP Membership Interests, respectively, pursuant to Section 1(a) and hereby acknowledges and agrees to be bound by the terms of the LLC Agreement as a member of Sand Hills and assumes and agrees to perform all of Pipeline’s agreements and obligations existing or arising with respect to the GP Membership Interests or LP Membership Interests, as applicable.
Acceptance, Assumption and Acknowledgment. Effective as of the Effective Date, the Company hereby accepts Assignor’s assignment of the Subject Units pursuant to Section 1.
Acceptance, Assumption and Acknowledgment. (a) Effective as of the Effective Time, P66 Company hereby accepts Pipeline’s assignment of the Plymouth LLC Membership Interests pursuant to Section 1(a) and hereby acknowledges and agrees to be bound by the terms of the Plymouth LLC Agreement as a member of Plymouth LLC and assumes and agrees to perform all of Pipeline’s agreements and obligations existing or arising with respect to the Plymouth LLC Membership Interests.
Acceptance, Assumption and Acknowledgment. As of the Effective Time, the Company hereby (a) accepts the Spectra Parties’ assignment of the Membership Interests pursuant to Section 1, (b) acknowledges and agrees to be bound by the terms of the LLC Agreement as a member of Hills Holding and (c) assumes and agrees to perform all of the Spectra Parties’ agreements and obligations existing or arising with respect to the Membership Interests from and after the Effective Time.
Acceptance, Assumption and Acknowledgment. (a) Effective as of the Effective Time, PDI hereby accepts P66 Company’s assignment of the P66 Company Assigned Interests pursuant to Section 1(a) and hereby acknowledges and agrees to be bound by the terms of the MSLP Partnership Agreement and the Xxxxxx Xxxxx LLC Agreement as a limited partner of MSLP and as a member of Xxxxxx Xxxxx LLC, respectively, and assumes and agrees to perform all of P66 Company’s agreements and obligations existing or arising with respect to the P66 Company Assigned Interests.
Acceptance, Assumption and Acknowledgment. Subject to the terms and conditions set forth in the Asset Purchase Agreement, Transferee hereby purchases and accepts Transferor’s assignment of the Transferred Interests pursuant to Section 1, and acknowledges and agrees that it shall be bound by all of the terms and conditions of the Articles as the sole owner of all of the outstanding shares of the Company, and assumes and agrees to perform all of duties and obligations of the sole owner of all of the shares of the Company under the Articles from and after the Effective Date.
