Common use of Joint Exercise Clause in Contracts

Joint Exercise. This Agreement provides the Partnership and its Affiliates certain rights, benefits and remedies. These rights, benefits, and remedies, may be exercised, availed of, or otherwise performed jointly by the Partnership and any Affiliates who subsequently become a party hereto, and not singly or separately by any one or more but less than all of them. The REIT is hereby designated and appointed the representative of the Partnership, each of its Affiliates, and any permitted transferees, and the Franchisor and Franchisee shall be permitted to rely upon any written or oral communication or notification from the Partnership, as being from all of the REIT, its affiliates, and permitted transferees, acting jointly. Any notice required to be given hereunder shall be given to the Partnership as representative for all of the Partnership, its affiliates and permitted transferees.

Joint Exercise. This Agreement provides the Partnership and its Affiliates Partnerships certain rights, benefits and remedies. These rights, benefits, and remedies, may be exercised, availed of, or otherwise performed jointly by the Partnership Partnerships and any Affiliates who subsequently become a party hereto, and not singly or separately by any one or more but less than all of them. The REIT is hereby designated and appointed the representative of the PartnershipPartnerships, each of its their Affiliates, and any permitted transferees, and the Franchisor and Franchisee Lessee shall be permitted to rely upon any written or oral communication or notification from the PartnershipREIT, as being from all of the REITPartnerships, its affiliatesAffiliates, and permitted transferees, transferees acting jointly. Any notice required to be given hereunder shall be given to the Partnership REIT as representative for all of the PartnershipPartnerships, its affiliates Affiliates and permitted transferees.