Common use of Notice and Effect of Amendment Clause in Contracts

Notice and Effect of Amendment. Promptly after the execution by the Liquidating Trustee of any such declaration of amendment, the Liquidating Trustee shall give notice of the substance of such amendment to the Beneficiaries of the Liquidating Trust or, in lieu thereof, the Liquidating Trustee may send a copy of the amendment to each Beneficiary. Upon the execution of any such declaration of amendment by the Liquidating Trustee, this Agreement shall be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties, and immunities of the Liquidating Trustee and the Beneficiaries under this Agreement with respect to the Liquidating Trust shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modification and amendments, and all the terms and conditions of any such amendment shall be thereby deemed to be part of the terms and conditions of this Agreement for any and all purposes.

Appears in 4 contracts

Samples: Liquidating Trust Agreement (Afg Investment Trust D), Liquidating Trust Agreement (Afg Investment Trust C), Liquidating Trust Agreement (Afg Investment Trust A)

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Notice and Effect of Amendment. Promptly after the execution by the Liquidating Trustee Trustees of any such declaration of amendment, the Liquidating Trustee Trustees shall give notice of the substance of such amendment to the Beneficiaries of the Liquidating Trust or, in lieu thereof, the Liquidating Trustee Trustees may send a copy of the amendment to each Beneficiary. Upon the execution of any such declaration of amendment by the Liquidating TrusteeTrustees, this Agreement shall be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties, duties and immunities of the Liquidating Trustee Trustees and the Beneficiaries under this Agreement with respect to the Liquidating Trust shall thereafter be determined, exercised exercised, and enforced hereunder subject in all respects to such modification and amendmentsamendment, and all the terms and conditions of any such amendment shall be thereby deemed to be part of the terms and conditions of this Agreement for any and all purposes.

Appears in 1 contract

Samples: Trust Agreement (Usp Real Estate Investment Trust)

Notice and Effect of Amendment. Promptly after the execution by the Liquidating Trustee Trustees of any such declaration of amendment, the Liquidating Trustee Trustees shall give notice of the substance of such amendment to the Beneficiaries of the Liquidating Trust or, in lieu thereof, the Liquidating Trustee Trustees may send a copy of the amendment to each Beneficiary. Upon the execution of any such declaration of amendment by the Liquidating TrusteeTrustees, this Agreement shall be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties, duties and immunities of the Liquidating Trustee Trustees and the Beneficiaries under this Agreement with respect to the Liquidating Trust shall thereafter be determined, exercised exercised, and enforced hereunder subject in all respects to such modification and amendmentsamendment, and all the terms and conditions of any such amendment shall be thereby deemed to be part of the terms and conditions of this Agreement for any and all purposes.

Appears in 1 contract

Samples: Liquidating Trust Agreement (JMB Income Properties LTD Xiii)

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Notice and Effect of Amendment. Promptly after the execution by the Liquidating Trustee of any such declaration of amendment, the Liquidating Trustee shall give notice of the substance of such amendment to the Beneficiaries of the Liquidating Trust or, in lieu thereof, the Liquidating Trustee may send a copy of the amendment to each Beneficiary. Upon the execution of any such declaration of amendment by the Liquidating Trustee, this Agreement shall be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties, and immunities of the Liquidating Trustee and the Beneficiaries under this Agreement with respect to the Liquidating Trust shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modification and amendments, and all the terms and conditions of any such amendment shall be thereby deemed to be part of the terms and conditions of this Agreement for any and all purposes.. 13.3

Appears in 1 contract

Samples: Liquidating Trust Agreement

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