Common use of GPC L Clause in Contracts

GPC L. P. may not assign this Agreement to any person without the prior written consent of the Corporation; provided, however, (i) that, to the extent Partnership Interests are effectively transferred in accordance with the terms of the Partnership Agreement and any other agreements the ▇▇▇▇▇▇ Family Entities may have entered into with the Corporation and/or the General Partner, the ▇▇▇▇▇▇ Family Entities shall have the option to assign to the transferee of such Partnership Interests the ▇▇▇▇▇▇ Family Entities’ rights under this Agreement with respect to such transferred Partnership Interests, as long as such transferee has executed and delivered, or, in connection with such transfer, executes and delivers, a joinder to this Agreement, in form and substance reasonably satisfactory to the Corporation, agreeing to become a “▇▇▇▇▇▇ Family Entity” for all purposes of this Agreement, except as otherwise provided in such joinder, and (ii) that, once an Exchange has occurred, any and all payments that may become payable to the ▇▇▇▇▇▇ Family Entities pursuant to this Agreement with respect to such Exchange may be assigned to any Person or Persons, as long as any such Person has executed and delivered, or, in connection with such assignment, executes and delivers, a joinder to this Agreement, in form and substance reasonably satisfactory to the Corporation, agreeing to be bound by all provisions of this Agreement and acknowledging specifically the last sentence of the next paragraph.