Common use of Assignment 2 Clause in Contracts

Assignment 2. 14.2.1 Subject to paragraph 14.2.4, a Party may assign its rights under the Code, a Framework Agreement and any Ancillary Agreement: (a) to a 33 1/3% Affiliate of such Party, provided that the assigning Party shall continue to be bound by and liable under the Code, the Framework Agreement and any such Ancillary Agreement; (b) subject to paragraph 14.2.5, with the prior agreement in writing of each relevant other Party, which shall not unreasonably be withheld, to any person. 14.2.2 For the purposes of this paragraph 14.2, a relevant other Party is: (a) where the assigning Party is the Transporter, each other User; (b) where the assigning Party is a User, the Transporter. 14.2.3 Except as provided in paragraph 14.2.1, a Party shall not assign or transfer and shall not 2 Consider adding equivalent provision to OAD Section N9.2. purport to assign or transfer any of its rights or obligations under the Code, a Framework Agreement or (except as may be expressly permitted thereby) any Ancillary Agreement. 14.2.4 No assignment shall be made to a person unless: (a) where the assigning Party is the Transporter, that person holds the Transporter's Licence; (b) where the assigning Party is a Shipper User, that person holds a Shipper's Licence and has complied with the other requirements which (if the person were an Applicant User) it would be required under paragraph 2 to comply with; (c) where the assigning Party is a DNO User, that person has complied with the other requirements which (if the person were an Applicant User) it would be required under paragraph 2 to comply with.

Assignment 2. 14.2.1 Subject to paragraph 14.2.4, a Party may assign its rights under the Code, a thea Framework Agreement and any Ancillary Agreement: (a) to a 33 33133 1/3% Affiliate of such Party, provided that the assigning Party shall continue to be bound by and liable under the Code, the Framework Agreement and any such Ancillary Agreement; (b) subject to paragraph 14.2.5, with the prior agreement in writing of each relevant other Party, which shall not unreasonably be withheld, to any person. 14.2.2 For the purposes of this paragraph 14.2, a relevant other Party is: (a) where the assigning Party is the Transcothe Transporter, each other User; (b) where the assigning Party is a User, the Transcothe Transporter. 14.2.3 Except as provided in paragraph 14.2.1, a Party shall not assign or transfer and shall not 2 Consider adding equivalent provision to OAD Section N9.2. purport to assign or transfer any of its rights or obligations under the Code, a thea Framework Agreement or (except as may be expressly permitted thereby) any Ancillary Agreement. 14.2.4 No assignment shall be made to a person unless:: 2 Consider adding equivalent provision to OAD Section N9.2. (a) where the assigning Party is the Transcothe Transporter, that person holds the a Gasthe Transporter's Licence; ; (b) where the assigning Party is a Shipper User, that person holds a Shipper's Licence and has complied with the other requirements which (if the person were an Applicant User) it would be required under paragraph 2 to comply with; (c) where the assigning Party is a DNO User, that person has complied with the other requirements which (if the person were an Applicant User) it would be required under paragraph 2 to comply with.