Common use of Assignment; Successors; Third Party Beneficiaries Clause in Contracts

Assignment; Successors; Third Party Beneficiaries. Except as set forth in this Section 7.2, this Agreement and the rights, interests and obligations of the parties hereunder may not assigned, transferred or delegated. This Agreement and the rights, interests and obligations of REIT hereunder may be assigned, transferred or delegated by REIT to a successor of REIT by operation of law or to a Person who succeeds to all or substantially all the assets of REIT, which successor or Person agrees in a writing delivered to Shareholder to be subject to and bound by all interests and obligations set forth in this Agreement. This Agreement and the rights, interests and obligations of each Shareholder hereunder may be assigned, transferred or delegated by such Shareholder, in whole or in part, only in conjunction with and only to the extent of any Transfer of Registrable Securities to a Person that is a Permitted Transferee of such Shareholder, which Permitted Transferee agrees in a writing delivered to REIT to be subject to and bound by all interests and obligations set forth in this Agreement, whereupon any such Permitted Transferee will have all rights, interests and obligations hereunder in addition to such Shareholder to the extent that such Shareholder continues to own Common Shares. This Agreement shall bind and inure to the benefit of and be enforceable by the Parties and their respective successors and permitted assigns. Except as provided in ARTICLE V and Section 7.4(c), this Agreement (including the documents and instruments referred to in this Agreement) is not intended to and does not confer upon any Person other than the Parties any rights or remedies under this Agreement.

Appears in 5 contracts

Samples: Up Agreement, Registration Rights and Lock Up Agreement (Senior Housing Properties Trust), Registration Rights and Lock Up Agreement (Government Properties Income Trust)

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Assignment; Successors; Third Party Beneficiaries. Except as set forth in this Section 7.26.2, this Agreement and the rights, interests and obligations of the parties Parties hereunder may not be assigned, transferred or delegated. This Agreement and the rights, interests and obligations of REIT INC hereunder may be assigned, transferred or delegated by REIT to a successor of REIT by operation of law or INC to a Person who succeeds to all or substantially all the assets of REITINC, which successor or Person agrees in a writing delivered to Shareholder to be subject to and bound by all interests and obligations set forth in this Agreement. This Agreement and the rights, interests and obligations of each Shareholder hereunder may be assigned, transferred or delegated by such Shareholder, in whole or in part, only in conjunction with and only to the extent of any Transfer of Registrable Securities to a Person that is a Permitted Transferee of such ShareholderTransferee, which Permitted Transferee agrees in a writing delivered to REIT INC to be subject to and bound by all interests and obligations set forth in this Agreement, whereupon any such Permitted Transferee will have all rights, interests and obligations hereunder in addition to such Shareholder to the extent that such Shareholder continues to own Common SharesRegistrable Securities. This Agreement shall bind and inure to the benefit of and be enforceable by the Parties and their respective successors and permitted assigns. Except as expressly provided in ARTICLE V IV and Section 7.4(c6.4(c), this Agreement (including the documents and instruments referred to in this Agreement) is not intended to and does not confer upon any Person other than the Parties any rights or remedies under this Agreement.

Appears in 2 contracts

Samples: Registration Rights Agreement (RMR Group Inc.), Registration Rights Agreement (Reit Management & Research Inc.)

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