Common use of Assignment; Benefits Clause in Contracts

Assignment; Benefits. Neither party may assign it rights hereunder without the prior written consent of the other party hereto, except, the Holder may assign the Holder’s rights hereunder (including, for the avoidance of doubt, the rights set forth in Section 11 hereof) without the prior written consent of the Company in connection with the sale or transfer of the Registrable Securities, provided that simultaneously with such transfer, the Holder provides the Company with written notice thereof pursuant to Section 7 hereof. For the avoidance of doubt, upon the assignment effected in accordance with the provision of this Section 10, any assignee of the assigning Holder’s rights hereunder, shall immediately accede to the assigning Holder’s rights under this Agreement and, accordingly, become a “Holder” within the meaning of this Agreement.