Common use of Assignment and Sub Clause in Contracts

Assignment and Sub. Licensing (1) Licensor shall be free to assign the trade Marks and/or its rights and obligations under this Agreement as it shall see fit, subject to the rights of Licensee hereunder. (2) Licensee and the New Controlling Shareholder shall not in any circumstances assign or transfer its rights or obligations under this Agreement and shall not sub-license its rights nor sell or transfer any of the plants. depots, LPG Cylinders, bulk tanks or vehicles still bearing the Trade Marks to any third party, except (a) for the sublicenses granted by Licensee to (i) its franchisees, through the franchise agreements the Licensee is a party to on this date, (ii) the owners of the POS, through the so-called "Contratos de Revenda de GLP e Cessao de Uso de Marca e Padroes e Outras Avencas" the Licensee is a party to on this date, (iii) the carrier companies, through the so-called "Contratos de Prestavdo de Servicos de Transporte de Carga" the Licensee is a party to on this date or (b) after 2 (two) years after the Closing Date, for any assignee, in case the New Controlling Shareholder transfers the shares of the capital stock of the Licensee to any third party, or (c) for its Affiliates.