Assignability and Transferability of Interests Sample Clauses

Assignability and Transferability of Interests. Not less seventy-five percent (75%) of the management contracts, notes, partnership interests, and interests in other Collateral are assignable and transferable to the Bank, except that with respect to personal service contracts only the right to receive payments and distributions may be assigned to the Bank and the Bank may not be substituted for any Company as the party responsible for performing such services.
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