Common use of Membership Documents Clause in Contracts

Membership Documents. With respect to each applicable Property that is a part of an Option 3 Terminated Lease, an “Assignment and Assumption of Membership Documents” in form acceptable to the CNL Parties, effectuating the Membership Documents Assignments.

Membership Documents. With respect to each applicable Property that is a part of an Option 3 2 Terminated Lease, an “Assignment and Assumption of Membership Documents” in form acceptable to the CNL Parties, effectuating the Membership Documents Assignments.