Common use of Assignment and Waiver Clause in Contracts

Assignment and Waiver. Neither party may assign this Agreement without the written permission of the other party. The Group will immediately notify BCN in writing of any Change in Control or any change in the Group's name, identity, or legal organizational structure, and of any change in, or addition to, a location of the Group's place of business. For purposes of this Agreement, a "Change in Control" shall mean an event resulting in a change in the beneficial ownership of the Group of 50% or more immediately after the event compared to one year before the event. "Beneficial ownership" means actual ownership or the right, directly or indirectly, to control voting power associated with ownership interests in the Group. The waiver by a party of any breach of this Agreement by the other party shall not constitute a waiver of any subsequent breach of this Agreement.

Assignment and Waiver. Neither party may assign this Agreement without the written permission of the other party. The Group will immediately notify BCN MHP in writing of any Change in Control or any change in the Group's name, identity, or legal organizational structure, and of any change in, or addition to, a location of the Group's place of business. For purposes of this Agreement, a "Change in Control" shall mean an event resulting in a change in the beneficial ownership of the Group of 50% or more immediately after the event compared to one year before the event. "Beneficial ownership" means actual ownership or the right, directly or indirectly, to control voting power associated with ownership interests in the Group. The waiver by a party of any breach of this Agreement by the other party shall not constitute a waiver of any subsequent breach of this Agreement.

Assignment and Waiver. Neither party may assign this Agreement without the written permission of the other party. The Group will immediately notify BCN MHP in writing of any Change in Control or any change in the Group's ’s name, identity, or legal organizational structure, and of any change in, or addition to, a location of the Group's ’s place of business. For purposes of this Agreement, a "“Change in Control" ” shall mean an event resulting in a change in the beneficial ownership of the Group of 50% or more immediately after the event compared to one year before the event. "“Beneficial ownership" ” means actual ownership or the right, directly or indirectly, to control voting power associated with ownership interests in the Group. The waiver by a party of any breach of this Agreement by the other party shall not constitute a waiver of any subsequent breach of this Agreement.