Assignability Clause Sample Clauses
An Assignability Clause defines whether and how a party to a contract may transfer its rights or obligations under the agreement to another party. Typically, this clause specifies if assignments are permitted freely, require the other party’s consent, or are prohibited altogether; for example, a contract might allow assignment only with written approval from the non-assigning party. The core function of this clause is to control changes in the contractual relationship, ensuring that parties are not unexpectedly required to deal with unfamiliar or undesirable third parties.
Assignability Clause. Neither this Encroachment Agreement nor the rights, privileges, or obligations herein shall be assigned to any other party without prior written consent of CITY; however, such assignment shall not be unreasonably withheld by CITY as long as the party to which this Encroachment Agreement is assigned agrees in writing to abide by all obligations contained in this Encroachment Agreement. Any attempted assignment of this Encroachment Agreement without prior written approval by CITY shall be immediately and automatically void.
Assignability Clause. This Agreement is binding upon the Company, the Executive and their respective successors and assigns. The rights and obligations set forth under this Agreement may be assigned by the Company or by the Executive to a successor or to an assign, except the Executive acknowledges that the duties set forth in Paragraph 2 of this Agreement are personal to him.
Assignability Clause. 40.6.1 This Agreement shall be binding upon the successors and assignees of the parties hereto, and no provisions, terms, or obligations herein contained shall be affected, modified, altered or changed in any respect whatsoever by any change of ownership or management by either party; or by any change, geographical or otherwise in the location or business of either party.
Assignability Clause. The Recipient agrees to comply with applicable third party procurement requirements of 49 U.S.C. chapter 53 and Federal laws in effect now or subsequently enacted; with applicable U.S. DOT third party procurement regulations at 49 C.F.R. § 18.36 or 49 C.F.R. §§ 19.40 through 19.48, and with other applicable Federal regulations pertaining to third party procurements and later amendments thereto. The Recipient also agrees to follow the provisions of the most recent edition and revisions of FTA Circular 4220.1F, “Third Party Contracting Guidance,” except to the extent FTA determines otherwise in writing. The Recipient agrees that it may not use FTA assistance to support its third party procurements unless its compliance with Federal laws and regulations is satisfactory. Although the FTA “Best Practices Procurement Manual” provides additional third party contracting information, the Recipient understands and agrees that the FTA “Best Practices Procurement Manual” may omit certain Federal requirements applicable to specific third party contracts.
Assignability Clause. Any public agency (i.e., city, district, public authority, public agency, municipality, and other political subdivision or any FTA-funded entity) shall have the option of participating in any award made as a result of this proposal at the same prices, terms, and conditions. ISLAND TRANSIT reserves the right to assign all or any portion of the products or services awarded under a Contract including option quantities. This assignment, should it occur, shall be agreed to by ISLAND TRANSIT and the contractor. Once assigned, each agency will enter into its contract and be solely responsible to the contractor. ISLAND TRANSIT's right of assignment will remain in force until completion of the contract to include options, whichever occurs first. ISLAND TRANSIT shall incur no financial responsibility in connection with contracts issued by another public agency. The public agency shall accept sole responsibility for placing orders or payments to the Contractor.
Assignability Clause. This Agreement is binding upon the Company, its successors and assigns, but this Agreement may not be assigned by the Executive.