Common use of Parties Obligated and Benefited Clause in Contracts

Parties Obligated and Benefited. Subject to the limitations set ------------------------------- forth below, this Agreement will be binding upon the parties and their respective assigns and successors in interest and will inure solely to the benefit of the parties and their respective assigns and successors in interest, and no other Person will be entitled to any of the benefits conferred by this Agreement. Without the prior written consent of the other party, neither party may assign any of its rights under this Agreement or delegate any of its duties under this Agreement, except as described in the following sentence. Seller agrees (a) that Buyer will have the right to assign its rights and obligations under this Agreement to any Affiliate of Buyer, provided, however, that any assignment by Buyer to any Affiliate of Buyer must be made within five months after the date of this Agreement and if made after filing of the Forms 394 with the relevant Governmental Authorities, Buyer will be responsible for all costs and expenses associated with filing any additional Forms 394 required to be filed as a result of any such assignment by Buyer to an Affiliate of Buyer, and (b) that either Buyer or any Affiliate of Buyer to which Buyer has assigned its rights and obligations under this Agreement as provided in the preceding clause (a) of this SECTION 12.1 may further assign its right to purchase the Assets under this Agreement to Norwest Bank Colorado, National Association, acting as a Qualified Intermediary (as such term is used in Treas. Reg. Section 1.1031(k)-1(g)(4)), and that this Agreement constitutes notice to Seller of such assignment, which assignment Buyer will make effective immediately prior to Closing (provided no assignment by Buyer under this SECTION 12.1 will relieve Buyer of any obligations under this Agreement).

Parties Obligated and Benefited. Subject to the limitations set ------------------------------- forth below, this Agreement will be binding upon the parties and their respective assigns and successors in interest and will inure solely to the benefit of the parties and their respective assigns and successors in interest, and no other Person will be entitled to any of the benefits conferred by this Agreement. Without the prior written consent of the other party, neither party may assign any of its rights under this Agreement or delegate any of its duties under this Agreement, except as described in the following sentence. Seller agrees (a) that Buyer will have the right to assign its rights and obligations under this Agreement to any Affiliate of Buyer, provided, however, that any assignment by Buyer to any Affiliate of Buyer must be made within five months after the date of this Agreement and if made after filing of the Forms 394 with the relevant Governmental Authorities, Buyer will be responsible for all costs and expenses associated with filing any additional Forms 394 required to be filed as a result of any such assignment by Buyer to an Affiliate of Buyer, and (b) that either Buyer or any Affiliate of Buyer to which Buyer has assigned its rights and obligations under this Agreement as provided in the preceding clause (a) of this SECTION 12.1 may further assign its right to purchase the Assets under this Agreement to Norwest Bank Colorado, National Association, acting as a Qualified Intermediary (as such term is used in Treas. Reg. Section 1.1031(k)-1(g)(41.1031(k)- 1(g)(4)), and that this Agreement constitutes notice to Seller of such assignment, which assignment Buyer will make effective immediately prior to Closing (provided no assignment by Buyer under this SECTION 12.1 will relieve Buyer of any obligations under this Agreement).

Parties Obligated and Benefited. Subject to the limitations ------------------------------- set ------------------------------- forth below, this Agreement will be binding upon the parties and their respective assigns and successors in interest and will inure solely to the benefit of the parties and their respective assigns and successors in interest, and no other Person will be entitled to any of the benefits conferred by this Agreement. Without the prior written consent of the other party, neither party may assign any of its rights under this Agreement or delegate any of its duties under this Agreement, except as described in the following sentence. Seller agrees (a) that Buyer will have the right to assign its rights and obligations under this Agreement to any Affiliate of Buyer, provided, however, that any assignment by Buyer to any Affiliate of Buyer must be made within five months after the date of this Agreement and if made after filing of the Forms 394 with the relevant Governmental Authorities, Buyer will be responsible for all costs and expenses associated with filing any additional Forms 394 required to be filed as a result of any such assignment by Buyer to an Affiliate of Buyer, and (b) that either Buyer or any Affiliate of Buyer to which Buyer has assigned its rights and obligations under this Agreement as provided in the preceding clause (a) of this SECTION 12.1 may further assign its right to purchase the Assets under this Agreement to Norwest Bank Colorado, National Association, acting as a Qualified Intermediary (as such term is used in Treas. Reg. Section 1.1031(k)-1(g)(41.1031(k)- 1(g)(4)), and that this Agreement constitutes notice to Seller of such assignment, which assignment Buyer will make effective immediately prior to Closing (provided no assignment by Buyer under this SECTION 12.1 will relieve Buyer of any obligations under this Agreement).

Parties Obligated and Benefited. Subject to the ------------------------------- limitations set ------------------------------- forth below, this Agreement will be binding upon the parties and their respective assigns and successors in interest and will inure solely to the benefit of the parties and their respective assigns and successors in interest, and no other Person will be entitled to any of the benefits conferred by this Agreement. Without the prior written consent of the other party, neither party may assign any of its rights under this Agreement or delegate any of its duties under this Agreement, except as described in the following sentence. Seller agrees (a) that Buyer will have the right to assign its rights and obligations under this Agreement to any Affiliate of Buyer, provided, however, that any assignment by Buyer to any Affiliate of Buyer must be made within five months after the date of this Agreement and if made after filing of the Forms 394 with the relevant Governmental Authorities, Buyer will be responsible for all costs and expenses associated with filing any additional Forms 394 required to be filed as a result of any such assignment by Buyer to an Affiliate of Buyer, and (b) that either Buyer or any Affiliate of Buyer to which Buyer has assigned its rights and obligations under this Agreement as provided in the preceding clause (a) of this SECTION 12.1 may further assign its right to purchase the Assets under this Agreement to Norwest Bank Colorado, National Association, acting as a Qualified Intermediary (as such term is used in Treas. Reg. Section 1.1031(k)-1(g)(41.1031(k)- 1(g)(4)), and that this Agreement constitutes notice to Seller of such assignment, which assignment Buyer will make effective immediately prior to Closing (provided no assignment by Buyer under this SECTION 12.1 will relieve Buyer of any obligations under this Agreement).