Benefits; Binding Effect. The covenants and agreements contained herein shall inure to the benefit of and be binding upon the Member and its permitted successors and permitted assigns. Any permitted person or entity succeeding to the interest of the Member hereunder shall succeed to all of the Member’s rights, interests and obligations under this Agreement and be subject to all of the terms and conditions of this Agreement.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC), Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC), Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC)
Benefits; Binding Effect. The covenants and agreements contained herein shall inure to the benefit of and be binding upon the Member parties and its their respective permitted successors and permitted assigns. Any permitted person or entity Person succeeding to the interest of the Member a Partner hereunder shall succeed to all of the Member’s such Partner's rights, interests and obligations under this Agreement and be subject to all of the terms and conditions of this Agreement.
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Samples: Sonesta International Hotels Corp
Benefits; Binding Effect. The covenants and agreements contained herein shall inure to the benefit of and be binding upon the Member parties and its their respective permitted successors and permitted assigns. Any permitted person or entity succeeding to the interest of the a Member hereunder shall succeed to all of the such Member’s rights, interests and obligations under this Agreement and be subject to all of the terms and conditions of this Agreement.
Appears in 1 contract
