Common use of Relationship with Substitute Manager Clause in Contracts

Relationship with Substitute Manager. The relationship of the Members to any person or entity that has acquired the Membership Interest of either AHH Management or the Investor Manager shall be governed by this Agreement. If the acquiring party was not theretofore a Manager, then such Substitute Manager shall have all the rights and powers of such Manager under this Agreement; provided, it assumes in writing the obligations of such Manager under this Agreement and any arising thereafter, and accepts and adopts all the terms and provisions of this Agreement in writing. The withdrawing Manager shall be liable for all of its covenants and obligations under this Agreement for all periods prior to its withdrawal until such liability is assumed by a Substitute Manager.

Relationship with Substitute Manager. The relationship of the Members to any person or entity that has acquired the Membership Interest of either AHH Management MedCath or the Investor Manager shall be governed by this Agreement. If the acquiring party was not theretofore a Manager, then such Substitute Manager shall have all the rights and powers of such Manager under this Agreement; provided, it assumes in writing the obligations of such Manager under this Agreement and any arising thereafter, and accepts and adopts all the terms and provisions of this Agreement in writing. The withdrawing Manager shall be liable for all of its covenants and obligations under this Agreement for all periods prior to its withdrawal until such liability is assumed by a Substitute Manager.

Relationship with Substitute Manager. The relationship of the Members to any person or entity that has acquired the Membership Interest of either AHH Management SAHI or the Investor Manager shall be governed by this Agreement. If the acquiring party was not theretofore a Manager, then such Substitute Manager shall have all the rights and powers of such Manager under this Agreement; provided, it assumes in writing the obligations of such Manager under this Agreement and any arising thereafter, and accepts and adopts all the terms and provisions of this Agreement in writing. The withdrawing Manager shall be liable for all of its covenants and obligations under this Agreement for all periods prior to its withdrawal until such liability is assumed by a Substitute Manager.