Common use of Obligations of Assignee Clause in Contracts

Obligations of Assignee. Any assignee of the Equity Interest of a Limited Partner in the Partnership, irrespective of whether such assignee has accepted and adopted in writing the terms and provisions of this Agreement or been admitted as a substituted Limited Partner, shall be deemed by the acceptance of such assignment to have agreed to be subject to the terms and provisions of this Agreement in the same manner as its assignor, and to have assumed the assignor’s Capital Commitment obligation pursuant to Section 4.1 with respect to the Equity Interest in the Partnership assigned.

Obligations of Assignee. Any assignee of the Equity Interest interest of a Limited Partner in the Investment Partnership, irrespective of whether such assignee has accepted and adopted in writing the terms and provisions of this Agreement or been admitted as a substituted Limited Partner, shall be deemed by the acceptance of such assignment to have agreed to be subject to the terms and provisions of this Agreement in the same manner as its assignor, and to have assumed the assignor’s Capital Commitment obligation pursuant to Section 4.1 with respect to the Equity Interest in the Partnership assigned.

Obligations of Assignee. Any assignee of the Equity Interest interest in the Partnership of a Limited Partner in the Partnership, irrespective of whether such assignee has accepted and adopted in writing the terms and provisions of this Agreement or been admitted as a substituted Limited PartnerAgreement, shall be deemed by the acceptance of such assignment Assignment (a) to have agreed to be subject to the terms and provisions of this Agreement in the same manner as its assignor, assignor and (b) to have assumed the assignor’s Capital Commitment obligation and other payment obligations, if any, pursuant to Section 4.1 this Agreement with respect to the Equity Interest interest in the Partnership assigned.