Common use of ASSIGNMENT AND VARIATION Clause in Contracts

ASSIGNMENT AND VARIATION. 13.1 Save as provided under Clause 13.2, neither party may, without the prior written consent of the other, assign, transfer, charge, subcontract or deal in any other manner with this Agreement or any of its rights or obligations under it. 13.2 The Manager may with Investor Consent assign its rights and obligations under this Agreement to an Associate of the Manager or to a limited liability partnership in which the majority of the votes exercisable by its members are exercisable by the Manager and/or its Associates and/or directors or employees of the Manager or any Associate of the Manager subject always to such Associate or limited liability partnership being authorised under FSMA and by the FCA to manage the Partnership Assets. The General Partner agrees that in such circumstances this Agreement shall be novated from the Manager to such Associate or limited liability partnership and that the Partnership, acting through the General Partner shall execute all necessary documentation as is reasonably required for the purpose of the novation and any related matters. 13.3 This Agreement may be amended in whole or in part by the written consent of the Manager, the General Partner and of the Investor by Investor Consent.