Common use of Dealing with Successors Clause in Contracts

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 13 contracts

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

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Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in n such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's ’s executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's ’s death or dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Neighborhoods Capital, LLC), Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company - as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; Member and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. 16B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's ’s executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's ’s death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the a Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not riot be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating, Agreement (Stanley-Martin Communities, LLC)

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Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or of by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, Agreement no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

Dealing with Successors. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. 156. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stanley-Martin Communities, LLC)

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