Agreement with Transferees Clause Samples

Agreement with Transferees. The Landlord may enter into an agreement with every subtenant or licensee to whom the Landlord has consented (a “Consent Subtenant”), as the case may be, in which the Landlord agrees that if this Lease is terminated prior to the end of the Term: (a) the Consent Subtenant shall be entitled to continue to occupy its premises in accordance with the terms of its agreement with the Tenant (“Occupation Agreement”); and (b) the Landlord shall perform all of the obligations of the Tenant under the Occupation Agreement with such Consent Subtenant.

Agreement with Transferees. No transfer by a Partner of its Interest to any Person other than a Partner shall be effective to make such transferee a Partner or entitle such transferee to any of the benefits or rights hereunder until such transferee agrees in writing (i) to assume and be bound by all of the terms and provisions of this Agreement and all of the obligations of the transferring Partner hereunder, and (ii) to be subject to all of the restrictions to which the transferring Partner is subject under the terms of this Agreement and any further agreements with respect to the Partnership and its business. No permitted transfer of an Interest to one other than a Partner hereunder shall be effective until the Partnership shall have received and have accepted the written agreement of the third-party transferee required by this Section 11.3, with the Partnership’s acceptance of such transferee’s agreement to be no later than 30 days after such transferee’s agreement was received. A transferee of a Partner’s Interest shall be entitled to receive from the Partnership distributions of Available Cash and other Partnership property, and allocations of Profit and Loss with respect to such Partner’s Interest, only after the effective date of such transfer.

Agreement with Transferees. No transfer by a Member of its Interest to a person other than a Member shall be effective to make such transferee a Member or entitle such transferee to any of the benefits or rights hereunder until such transferee agrees in writing (i) to assume and be bound by all of the terms and provisions of this Agreement and all of the obligations of the transferring Member hereunder, and (ii) to be subject to all of the restrictions to which the transferring Member is subject under the terms of this Agreement and any further agreements with respect to the Company and its business. No permitted transfer of an Interest to a person other than a Member hereunder shall be effective until the Company shall have received and have accepted the written agreement of the third-party transferee required by this Section 9.4, with the Company's acceptance of such transferee's agreement to be no later than the fifth day of the calendar month next following the month during which such transferee's agreement was received. A transferee of a Member's Interest shall be entitled to receive from the Company distributions of cash and other Company property, and allocations of Net Profit and Loss with respect to such Member's Interest, only after the effective date of such transfer.

Agreement with Transferees. No Transfer by a member shall be made or shall be effective to make the transferee of such Member’s interest a Member hereunder or entitle such transferee to any benefits or rights hereunder until the proposed transferee agrees in writing to (i) assume and be bound by all of the terms and provisions of this Agreement and all of the obligations of the transferring Member, and (ii) be subject to all the restrictions to which the transferring Member is subject under the terms of this Agreement and any further agreements with respect to the Company property or as contemplated by this Agreement to which the transferring Member is then subject or is then required to be a party.