Common use of 7Assignment Clause in Contracts

7Assignment. (a) The Applicant will have no right to assign or transfer (whether directly or indirectly by way of a change of control of the Applicant) any of its interest in all or any part of this Agreement, whether gratuitously or for consideration, without the prior written consent of MPI. (b) MPI will have the right at any time to assign all or any part of this Agreement to any third party, provided that MPI will remain primarily responsible for the performance of all of its obligations under this Agreement.

Appears in 2 contracts

Sources: Testing and Listing Agreement, Testing and Listing Agreement