Common use of Parties in Interest; Third Party Beneficiaries Clause in Contracts

Parties in Interest; Third Party Beneficiaries. (a) Neither this Agreement nor any of the rights, duties, or obligations of any party hereunder may be transferred or assigned by a party hereto, except in connection with a Transfer of Interests as specified in Section 2.5. Subject to the foregoing, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Parties in Interest; Third Party Beneficiaries. (a) Neither this Agreement nor any of the rights, duties, or obligations of any party hereunder may be transferred or assigned by a party hereto, except in connection with a Transfer of Interests as specified in Section SECTION 2.5. Subject to the foregoing, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Operating Agreement (Sokol David L)

Parties in Interest; Third Party Beneficiaries. (a) Neither this Agreement nor any of the rights, duties, or obligations of any party hereunder may be transferred or assigned by a party hereto, except in connection with a Transfer of Interests as specified in Section 2.52.6. Subject to the foregoing, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Micro Investment LLC)

Parties in Interest; Third Party Beneficiaries. (a) Neither this Agreement nor any of the rights, duties, or obligations of any party hereunder may be transferred or assigned by a party hereto, except in connection with a Transfer of Interests as specified in Section 2.5. Subject to the foregoing, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and permitted assigns.

Appears in 1 contract

Samples: Master Agreement (Hines Global REIT, Inc.)

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Parties in Interest; Third Party Beneficiaries. (a) Neither this Agreement nor any of the rights, duties, or obligations of any party hereunder may be transferred or assigned by a party hereto, except in connection with a Transfer of Interests as specified in Section 2.5. 2.5 Subject to the foregoing, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Operating Agreement (General Felt Industries Inc)

Parties in Interest; Third Party Beneficiaries. (a) Neither this Agreement nor any of the rights, duties, or obligations of any party hereunder may be transferred or assigned by a party hereto, except in connection with a Transfer of Interests as specified in Section 2.5the membership interest. Subject to the foregoing, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their respective successors and assigns.

Appears in 1 contract

Samples: Operating Agreement (Midamerican Funding LLC)

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