Assignment by CENIT Sample Clauses
Assignment by CENIT. Cenit may assign in whole or in part the Agreement, as well as any right or obligation contained in it, where the Sender’s authorization will not be necessary and provided that the assignee is not a person or entity that has been forbidden to enter into transactions or negotiations for persons of the United States of America, under any of the programs of sanction of the United States of America by the Office of Foreign Assets Control (“OFAC”) of the Treasury Department of the United States of America; or that has been included or is included in future within the sanctions imposed, among other, under the U. N. Security Council, the European Union or Switzerland.
Assignment by CENIT. CENIT may assign in whole or in part the Agreement, as well as any right or obligation contained in it, where the SENDER’S authorization will not be necessary.
Assignment by CENIT. CENIT may assign in whole or in part the rights and obligations under this Master Service Contract provided that it does not affect the rights of ECOPETROL to the Services. Any assignment of rights and obligations that affects the rights of ECOPETROL under this Master Service Contract will require prior written approval from ECOPETROL, unless the assignment is made to a subordinate or controlling company of CENIT. For the effects of the provisions of this number, CENIT will submit a written request for approval, indicating the essential elements of the transaction, such as possible parties, rights and obligations, scope of the assignment, and the manner they affect or may affect the referenced rights of ECOPETROL. ECOPETROL will have a term of thirty (30) Days following delivery of the request for approval to provide the decision to accept or reject the request. If ECOPETROL fails to answer within such term, the assignment will be considered approved.