Assumption of Assignee. Effective as of the Closing, Assignee hereby accepts the sale, assignment, transfer, conveyance and delivery of the Membership Interests, and assumes (a) all of Assignor’s right, title and interest in and to the Membership Interests to have and hold said Membership Interests, and (b) all rights, obligations and liabilities of the Assignor under the LLC Agreement.
Appears in 9 contracts
Samples: Construction Management Agreement, Construction Management Agreement, Management Agreement
Assumption of Assignee. Effective as of the Closing, Assignee hereby accepts the sale, assignment, transfer, conveyance transfer and delivery of the Membership Interests, and assumes (a) all of Assignor’s right, title and interest in and to the Membership Interests to have and hold said Membership Interests, and (b) all rights, obligations and liabilities of the Assignor under the LLC Agreementlimited liability company or operating agreement of the Company.
Appears in 7 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
Assumption of Assignee. Effective as of the Closing, Assignee hereby accepts the sale, assignment, transfer, conveyance transfer and delivery of the Membership Interests, and assumes (a) all of Assignor’s right, title and interest in and to the Membership Interests to have and hold said Membership Interests, and (b) all rights, obligations and liabilities of the Assignor under the LLC Agreementlimited liability company operating agreement of the Company.
Appears in 1 contract
Assumption of Assignee. Effective as of the Closing, Assignee hereby accepts the sale, assignment, transfer, conveyance transfer and delivery of the Membership Interests, and assumes (a) all of Assignor’s right, title and interest in and to the Membership Interests to have and hold said Membership Interests, and (b) all rights, obligations and liabilities of the Assignor under the LLC Agreementlimited liability company operating agreements of the Companies. 4.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Assumption of Assignee. Effective as of the Closing, Assignee hereby accepts the sale, assignment, transfer, conveyance and delivery of the Membership Interests, and assumes (a) all of Assignor’s right, title and interest in and to the Membership Interests to have and hold said Membership Interests, and (b) all rights, obligations and liabilities of Assignor as the Assignor sole member of each Assigned Company under the applicable LLC Agreement.
Appears in 1 contract
Samples: Termination and Release Agreement (Ormat Technologies, Inc.)
