Common use of Survival of Liabilities Clause in Contracts

Survival of Liabilities. No sale or assignment of Shares shall release the transferor from those liabilities to the Fund, which survive such assignment, or sale as a matter of law or that are imposed under Section 3.4.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Ridgewood Energy v Fund LLC), Limited Liability Company Agreement (Ridgewood Energy Q Fund LLC), Limited Liability Company Agreement (Ridgewood Energy T Fund LLC)

AutoNDA by SimpleDocs

Survival of Liabilities. No sale or assignment of Shares shall release the transferor from those liabilities to the Fund, Fund which survive such assignment, assignment or sale as a matter of law or that are imposed under Section 3.4.

Appears in 4 contracts

Samples: Operating Agreement (Ridgewood Energy L Fund LLC), LLC Operating Agreement (Ridgewood Energy K Fund LLC), Operating Agreement (Ridgewood Energy L Fund LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!