Common use of Obligations and Rights of Transferees and Assignees Clause in Contracts

Obligations and Rights of Transferees and Assignees. Any Person who acquires in any manner whatsoever the Company interest (or any part thereof) of any Member of the Company, irrespective of whether such Person has accepted and assumed in writing the terms and provisions of this Agreement, shall be deemed, by acceptance of the benefit of the acquisition thereof, to have agreed to be subject to and bound by all of the obligations of this Agreement, with the same force and effect as any predecessor in interest in the Company, shall have only such rights as are provided in this Agreement, and, without limiting the generality of the foregoing, shall not have the value of such Person's interest separately ascertained or receive the value of such interest, or, in lieu thereof, profits attributable to any right in the Company, except as set forth in this Agreement.

Appears in 2 contracts

Samples: Development Agreement (Ambase Corp), Limited Liability Company Agreement (Ambase Corp)

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Obligations and Rights of Transferees and Assignees. Any Person who acquires in any manner whatsoever the Company interest (or any part thereof) of any Member of in the Company, irrespective of whether such Person has accepted and assumed in writing the terms and provisions of this Agreement, shall be deemed, by acceptance of the benefit of the acquisition thereof, to have requested and agreed to be subject to and bound by all of the obligations of this Agreement, with the same force and effect as any predecessor in interest in the CompanyCompany Interest, shall have only such rights as are provided in this Agreement, and, without limiting the generality of the foregoing, such Person shall not have the value of such Person's his interest separately ascertained or receive the value of such interest, or, in lieu thereof, profits attributable to any right in the Company, except as set forth in this Agreement.

Appears in 2 contracts

Samples: American Tower Systems Corp, American Radio Systems Corp /Ma/

Obligations and Rights of Transferees and Assignees. Any Person who acquires in any manner whatsoever the Company interest (or any part thereof) of any Member of in the Company, irrespective of whether such Person has accepted and assumed in writing the terms and provisions of this Agreement, shall be deemed, by acceptance of the benefit of the acquisition thereof, to have requested and agreed to be subject to and bound by all of the obligations of this Agreement, with the same force and effect as any predecessor in interest in the Company, shall have only such rights as are provided in this Agreement, and, without limiting the generality of the foregoing, such Person shall not have the value of such Person's his interest separately ascertained or receive the value of such interest, or, in lieu thereof, profits attributable to any right in the Company, except as set forth in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Idt Corp)

Obligations and Rights of Transferees and Assignees. Any Person who acquires in any manner whatsoever the Company interest (or any part thereof) of any Member of the Company, irrespective of whether such Person has accepted and assumed in writing the terms and provisions of this Agreement, shall will be deemed, by acceptance of the benefit of the acquisition thereof, to have agreed to be subject to and bound by all of the obligations of this Agreement, with the same force and effect as any predecessor in interest in the Company, shall will have only such rights as are provided in this Agreement, and, without limiting the generality of the foregoing, shall will not have the value of such Person's ’s interest separately ascertained or receive the value of such interest, or, in lieu thereof, profits attributable to any right in the Company, except as set forth in this Agreement.

Appears in 1 contract

Samples: CaliberCos Inc.

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Obligations and Rights of Transferees and Assignees. Any Person who --------------------------------------------------- acquires in any manner whatsoever the Company interest Interest (or any part thereof) of any Member of the CompanyMember, irrespective of whether such Person has had accepted and assumed in writing the terms and provisions of this Agreement, shall be deemed, by acceptance of the benefit of the acquisition thereof, to have agreed to be subject to and bound by all of the obligations of this AgreementAgreement and to have made the representations set forth herein, with the same force and effect as any predecessor in interest in the Company, shall have only such rights as are provided in this Agreement, and, without limiting the generality of the foregoing, shall not have the value of such Person's interest separately its Interest ascertained or receive the value of such interestInterest, or, in lieu thereof, profits attributable to any right in the Company, except as set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (G&l Realty Corp)

Obligations and Rights of Transferees and Assignees. Any Person who acquires in any manner whatsoever the Company interest Interest (or any part thereof) of any Member of the CompanyMember, irrespective of whether such Person has accepted and assumed in writing the terms and provisions of this Agreement, shall be deemed, by acceptance of the benefit of the acquisition thereof, to have agreed to be subject to and bound by all of the obligations of this AgreementAgreement and to have made the representations set forth herein, with the same force and effect as any predecessor in interest in the Company, shall have only such rights as are provided in this Agreement, Agreement and, without limiting the generality of the foregoing, shall not have the value of such Person's interest separately its Interest ascertained or receive the value of such interest, Interest or, in lieu thereof, profits attributable to any right in the Company, except as set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NCO Group, Inc.)

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