Common use of Survival of Restrictions Clause in Contracts

Survival of Restrictions. All Transferees of Units under this Article VIII who are not parties to this Agreement shall agree in writing to be bound by the provisions of this Agreement by executing a joinder substantially in the form attached hereto as EXHIBIT A and, other than Permitted Transferees, each such Transferee shall not be deemed to be a Unitholder until such Transferee has been admitted as a Member pursuant to the provisions of Section 3.2(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (K-Sea Transportation Partners Lp)

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Survival of Restrictions. All Transferees of Units under this Article VIII who are not parties to this Agreement shall agree in writing to be bound by the provisions of this Agreement by executing a joinder substantially in the form attached hereto as EXHIBIT Exhibit A and, other than Permitted Transferees, each such Transferee shall not be deemed to be a Unitholder until such Transferee has been admitted as a Member pursuant to the provisions of Section 3.2(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (K-Sea Tranportation Partners Lp)

Survival of Restrictions. All Until the Initial Public Offering, all Transferees of Units under this Article VIII who are not parties to this Agreement shall agree have agreed in writing to be bound by the provisions of this Agreement by executing a joinder substantially in the form attached hereto as EXHIBIT A and, other than Permitted Transferees, each such Transferee shall not be deemed to be a Unitholder only until such Transferee has been admitted as a Member pursuant to the provisions of Section 3.2(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vertex Aerospace Inc)

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Survival of Restrictions. All Until the earlier of the Transfer of Units in an Approved Sale or Public Sale, all Transferees of Units under this Article VIII who are not parties to this Agreement shall agree have agreed in writing to be bound by the provisions of this Agreement by executing a joinder substantially in the form attached hereto as EXHIBIT Exhibit A and, other than Permitted Transferees, each such Transferee shall not be deemed to be a Unitholder until such Transferee has been admitted as a Member pursuant to the provisions of Section 3.2(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Acl Capital Corp)

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