Future Interests Clause Samples
Future Interests. This Operating Agreement and the restrictions and limitations herein shall apply to any Membership Interest or portion thereof in the Company hereafter acquired by any person by any means. It is the intent of the parties hereto that this Operating Agreement shall be binding upon the respective successors, assigns, representatives, trustees and attorneys-in-fact of any of the present or future Members of the Company. The Members further agree and declare that the terms, conditions, provisions and agreements set forth in this Operating Agreement shall be binding upon any receiver, trustee, debtor- in-possession, similar manager or agent in a bankruptcy or receivership proceeding or other involuntary transferee of any Membership Interest or portion thereof.
Future Interests. 22 Section 11.5 Purchase of Membership Interest by Members . . . . .
Future Interests. Trey hereby assigns to COG any rights it has or may have at any time to acquire any additional or other interests in the Leases, Lands or the AMI (defined below) from NOM or any other party, “AMI” means the lands and Area of Mutual Interest described in that certain Letter Agreement dated October 1, 2004, among Trey, NOM and RPC Operating Inc., as amended by that certain Letter Agreement dated December 15, 2004 among such parties.
Future Interests. This Settlement Agreement shall be binding upon and shall inure to the benefit of Buyer and Sellers and their respective legal representatives, successors and assigns.
Future Interests. From and after the Effective Date and except to the extent the same will not be paid in full or have expired as of the Closing, Seller shall not grant or convey any easement, lease, license, permit, right or any other legal or beneficial interest in or to the Property without the prior written consent of Buyer. Further, Seller agrees to pay, as and when due, any and all taxes, assessments and levies in respect to the Property.