Consequences of Transfers Generally. (a) In the event of any Transfer permitted under this Article IX, the Transferor and the Interest that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, and the Transferee shall hold such Interest subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing if requested to do so by the Board. Any successor or Transferee hereunder shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (FG Financial Group, Inc.), Limited Liability Company Agreement (1347 Property Insurance Holdings, Inc.)
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor and the Interest in the Company that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, and the Transferee shall hold such Interest in the Company subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing if requested to do so by the Boardany Member. Any successor or Transferee hereunder shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SLM Corp), Limited Liability Company Agreement (SLM Corp)
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor and the Interest in the Partnership that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, Agreement and the Transferee shall hold such Interest in the Partnership subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing if requested to do so by the BoardGeneral Partner. Any successor or Transferee hereunder or any successor general partner shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 2 contracts
Samples: www.sec.gov, Sixth Amended Agreement (Vistancia Marketing, LLC)
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor and the Interest in the Partnership that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, and the Transferee shall hold such Interest in the Partnership subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing if requested to do so by the BoardGeneral Partner. Any successor or Transferee hereunder or any successor general partner shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 1 contract
Samples: Agreement (ITC Holdings Corp.)
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor and Interest in the Interest Partnership that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, Agreement and the Transferee transferee shall hold such Interest in the Partnership subject to all unperformed obligations of the Transferor transferor Partner and shall agree in writing to the foregoing if requested to do so by the BoardGeneral Partner. Any successor or Transferee transferee of a Limited Partner hereunder or any successor general partner shall be subject to and be bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor transferor and the Interest in the Partnership that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, Agreement and the Transferee transferee shall (except as provided in Section 9.5) hold such Interest in the Partnership subject to all unperformed obligations of the Transferor transferor and shall agree in writing to the foregoing if requested to do so by any of the BoardGeneral Partners. Any successor or Transferee transferee hereunder shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 1 contract
Samples: Agreement (Qualis Care Lp)
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX9, the Transferor and the Interest in the Partnership that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, Agreement and the Transferee shall hold such Interest in the Partnership subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing if requested to do so by the BoardGeneral Partner. Any successor or Transferee hereunder or any successor general partner shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 1 contract
Samples: Shea Homes Limited Partnership
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor and the Interest in the Partnership that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, Agreement and the Transferee shall hold such Interest in the Partnership subject to all unperformed obligations of the Transferor and shall agree in writing to the foregoing with respect to Transfers under Section 9.2 and, with respect to Transfers under Section 9.3, if requested to do so by the BoardGeneral Partner. Any successor or Transferee hereunder shall be subject to and bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 1 contract
Samples: Agreement
Consequences of Transfers Generally. (a) In the event of any Transfer or Transfers permitted under this Article IX, the Transferor transferor until the effectiveness of such Transfer and the Interest that is the subject of such Transfer shall remain subject to all of the terms and provisions of this Agreement, Agreement and the Transferee transferee shall hold such Interest subject to all unperformed obligations of the Transferor transferor Partner and shall agree in writing to the foregoing if requested to do so by the BoardGeneral Partner. Any successor or Transferee transferee of a Limited Partner hereunder or any successor general partner shall be subject to and be bound by all the terms and provisions of this Agreement as if a Member originally a party to this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement