Common use of Successors and Transferees Clause in Contracts

Successors and Transferees. This Agreement shall be binding upon and inure to the benefit of the parties hereto and any successors to or Transferees the Company and the Partnership, on the one hand, and any successors to or Transferees of the Advisor, on the other hand, by will or the laws of descent and distribution, but this Agreement shall not otherwise be assignable or otherwise subject to Transfer by the Advisor.

Appears in 3 contracts

Samples: Outperformance Award Agreement (New York City REIT, Inc.), Lease (Global Net Lease, Inc.), Outperformance Award Agreement (American Finance Trust, Inc)

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Successors and Transferees. This Notwithstanding anything to the contrary in the Partnership Agreement, this Agreement shall be binding upon and inure to the benefit of the parties hereto and any successors to or Transferees of the Company and the Partnership, on the one hand, and any successors to or Transferees of the Advisor, on the other hand, by will or the laws of descent and distribution, but this Agreement shall not otherwise be assignable or otherwise subject to Transfer by the Advisor.

Appears in 2 contracts

Samples: Outperformance Award Agreement (American Finance Trust, Inc), Outperformance Award Agreement (Global Net Lease, Inc.)

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