Common use of Assignment and Change in Control Clause in Contracts

Assignment and Change in Control. Buyer may assign its rights and obligations under this Contract without Seller’s prior written consent. Seller may not assign or delegate its rights or obligations under this Contract without prior written consent from an authorized employee of Buyer. In addition, Buyer may terminate this Contract upon giving at least sixty (60) days’ notice to Seller, without any liability to Seller or obligation to purchase raw materials, work-in-process or finished goods, if Seller: (i) sells, or offers to sell, a material portion of its assets; (ii) sells or exchanges, or offers to sell or exchange, or causes to be sold or exchanged, a sufficient amount of its stock or other equity interests that effects a change in the control of Seller; or (iii) executes, or otherwise becomes subject to, a voting or other agreement or trust that effects a change in the control of Seller.

Assignment and Change in Control. Buyer may assign its rights and obligations under this Contract without Seller’s prior written consent. Seller may not assign or delegate its rights or obligations under this Contract without prior written consent from an authorized employee of Buyer. In addition, Buyer may terminate this Contract upon giving at least sixty (60) days’ 60 days notice to Seller, without any liability to Seller or obligation to purchase raw materials, work-in-process or finished goodsgoods under Section 11, if Seller: Seller (i) sells, or offers to sell, a material portion of its assets; assets or (ii) sells or exchanges, or offers to sell or exchange, or causes to be sold or exchanged, a sufficient amount of its stock or other equity interests that effects a change in the control of Seller; Seller or (iii) executes, or otherwise becomes subject to, a voting or other agreement or trust that effects a change in the control of Seller.

Assignment and Change in Control. Buyer may assign its rights and obligations under this Contract without Seller’s prior written consent. Seller may not assign or delegate its rights or obligations under this Contract without prior written consent from an authorized employee of Buyer. In addition, Buyer may terminate this Contract upon giving at least sixty (60) days’ days notice to Seller, without any liability to Seller or obligation to purchase raw materials, work-in-process or finished goods, if Seller: (i) sells, or offers to sell, a material portion of its assets; (ii) sells or exchanges, or offers to sell or exchange, or causes to be sold or exchanged, a sufficient amount of its stock or other equity interests that effects a change in the control of Seller; or (iii) executes, or otherwise becomes subject to, a voting or other agreement or trust that effects a change in the control of Seller.

Assignment and Change in Control. Buyer may assign its rights and obligations under this Contract without Seller’s prior written consent. Seller may not assign or delegate its rights or obligations under this Contract without prior written consent from an authorized employee of Buyer. In addition, Buyer may terminate this Contract upon giving at least sixty (60) days’ days notice to Seller, without any liability to Seller or obligation to purchase raw materials, work-in-process or finished goodsgoods under Section 11, if Seller: (i) sells, or offers to sell, a material portion of its assets; (ii) sells or exchanges, or offers to sell or exchange, or causes to be sold or exchanged, a sufficient amount of its stock or other equity interests that effects a change in the control of Seller; or (iii) executes, or otherwise becomes subject to, a voting or other agreement or trust that effects a change in the control of Seller.or

Assignment and Change in Control. Buyer may assign its rights and obligations under this Contract without Seller’s prior written consent. Seller may not assign or delegate its rights or obligations under this Contract without prior written consent from an authorized employee of Buyer. In addition, Buyer may terminate this Contract upon giving at least sixty (60) days’ 60 days notice to Seller, without any liability to Seller or obligation to purchase raw materials, work-in-process or finished goodsgoods under Section 10, if Seller: Seller (i) sells, or offers to sell, a material portion of its assets; assets or (ii) sells or exchanges, or offers to sell or exchange, or causes to be sold or exchanged, a sufficient amount of its stock or other equity interests that effects a change in the control of Seller; Seller or (iii) executes, or otherwise becomes subject to, a voting or other agreement or trust that effects a change in the control of Seller.