Addendum and Assignment Agreement Sample Clauses

An Addendum and Assignment Agreement is a contractual provision that allows parties to modify the terms of an existing agreement and transfer rights or obligations from one party to another. In practice, this clause is used when the original contract needs to be updated—such as changing deadlines, payment terms, or other key provisions—and when one party wishes to assign their interests or responsibilities to a third party, often requiring the consent of all involved parties. Its core function is to provide a formal mechanism for amending contracts and facilitating the transfer of contractual rights, ensuring that all changes and assignments are legally recognized and agreed upon by all stakeholders.
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Addendum and Assignment Agreement. The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer.
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Related to Addendum and Assignment Agreement

  • Amendment and Assignment of Agreement This Agreement may not be amended or assigned without the affirmative vote of a majority of the outstanding voting securities of the Fund, and this Agreement shall automatically and immediately terminate in the event of its assignment.

  • Variation and assignment No variation of this agreement shall be valid or effective unless it is in writing. We may amend this TOBA by sending you either a notice of amendment in writing or a revised TOBA. We are entitled to assign this TOBA to any other Affiliate for so long as such company remains an Affiliate.

  • Parties Bound; Assignment This Agreement shall inure to the benefit of and shall be binding upon the respective successors and assigns of the Parties hereto, but it may not be assigned in whole or in part by Vendor without prior written notice to Purchaser which shall not be unreasonably withheld or delayed.

  • Amendment and Assignment Neither party may cause this Agreement to be amended, assigned, assumed, sold or otherwise transferred without the prior written consent of the other party. However, the City hereby gives its permission that the Company’s rights to receive the Payments hereunder may be assigned by the Company to a private lender, as security on a credit facility taken with respect to the Project, without further action on the part of the City.

  • Sublease and Assignment Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed.