Common use of CONSENT TO ASSIGNMENT AND COVENANT Clause in Contracts

CONSENT TO ASSIGNMENT AND COVENANT. The General Partners, by the execution of this Agreement, irrevocably consent to and acknowledge that (1) the foregoing assignment and covenant by the Corporate Limited Partner to the Unitholders with respect to the Corporate Limited Partner's rights and interest in the Limited Partner Interests corresponding to the Units as described above is effective and (2) the Unitholders are intended to be assignees of record and third party beneficiaries of all rights and privileges of the Corporate Limited Partner in respect of the Limited Partner Interests corresponding to their Units. The General Partners covenant and agree that, in accordance with the foregoing assignment and covenant of the Corporate Limited Partner, all the Corporate Limited Partner's rights and privileges in respect of the underlying Limited Partner Interests may be exercised by the Unitholders on an Interest-by-Interest basis or, if not permitted to be exercised by the Unitholders under Massachusetts law, then by the Corporate Limited Partner on an Interest-by-Interest basis as provided by Section 7.6(e) hereof.

CONSENT TO ASSIGNMENT AND COVENANT. The General Partners, by the execution of this Agreement, irrevocably consent to and acknowledge that (1) the foregoing assignment and covenant by the Corporate Limited Partner to the Unitholders with respect to the Corporate corporate Limited Partner's rights and interest in the Limited Partner Interests corresponding to the Units as described above is effective and (2) the Unitholders are intended to be assignees of record and third party beneficiaries of all rights and privileges of the Corporate Limited Partner in respect of the Limited Partner Interests corresponding to their Units. The General Partners covenant and agree that, in accordance with the foregoing assignment and covenant of the Corporate Limited Partner, all the Corporate Limited Partner's rights and privileges in respect of the underlying Limited Partner Interests may be exercised by the Unitholders on an Interest-by-Interest basis or, if not permitted to be exercised by the Unitholders under Massachusetts law, then by the Corporate Limited Partner on an Interest-by-Interest basis as provided by Section 7.6(e) hereof.