Assignment by District Clause Samples

The "Assignment by District" clause defines the conditions under which a school district may transfer its rights or obligations under a contract to another party. Typically, this clause outlines whether the district can assign the agreement without the other party's consent, or if certain approvals are required before such an assignment can take place. For example, it may allow the district to assign the contract to a successor entity in the event of a merger or reorganization. The core function of this clause is to provide clarity and control over who may assume the district's contractual responsibilities, thereby protecting both parties from unexpected changes in the contractual relationship.
Assignment by District. Except as otherwise provided in this Agreement, District may assign its rights under this Agreement only with the prior written consent of Provider, which consent may not be unreasonably withheld, conditioned, or delayed; provided that any such assignee (i) is of equal or greater creditworthiness than District; and (ii) assumes in writing the obligations of District under this Agreement. Notwithstanding the foregoing, District may assign its rights under this Agreement without Provider’s consent to any Person succeeding to all or substantially all of the assets of District of equal or greater creditworthiness than District, and provided, further, that any such transferee or assignee assumes in writing the obligations of District under this Agreement.
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Assignment by District. MANAGER acknowledges that nothing in this Agreement shall preclude DISTRICT from assigning its interest in the Property arid/or this Agreement.
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Assignment by District. District may transfer or assign this Contract and its rights and obligations herein to a successor or purchaser of the Premises subject to this Contract or an interest therein. The District shall remain jointly and severally liable with its assignee or transferee to GRP|WEGMAN for all of its obligations under this Contract.
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Assignment by District. The District will transfer any interest in this Maintenance Agreement, in whole or in part, without the prior written consent of the Licensee, which consent shall not be unreasonably withheld or delayed.
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Assignment by District. (a) The District will assign its rights under and interest in the Loan Documents and the Borrower Bond (except to the extent otherwise provided in the Granting Clauses and Section 5.10 of the Indenture) to the Trustee pursuant to the Indenture as security for the payment of the Bonds, and the Trustee shall be entitled to act hereunder and under the Borrower Bond and the Loan Documents in the place and stead of the District whether or not the Bonds are in default and the Borrower consents to such assignment and all other provisions of this paragraph. (b) At any time after the total Committed Amount has been disbursed pursuant to Section 4.1, the Borrower Bond and the rights of the District and Trustee and obligations of the Borrower hereunder shall be freely assignable. (c) The First National Bank in Sioux Falls or such other financial institution or public official as shall be designated by the Borrower and approved by the District shall serve as registrar for this Loan Agreement and the Borrower Bond, and the registrar shall register the transfer of the Loan Agreement and Borrower Bond upon their presentation by the holder thereof endorsed for transfer or with a separate document assigning them (the Indenture constitutes such a document for the assignment to the Trustee). Upon the direction of the District at any time after the Committed Amount has been disbursed, the Borrower shall deliver to the District (or the Trustee if it is the holder of the Borrower Bond) in exchange for the Borrower Bond several executed Borrower Bonds representing in the aggregate the same debt as the initial Borrower Bond, but each such Borrower Bond shall represent that portion of such debt coming due on any one date set forth in Schedule B to the initial Borrower Bond. Such Borrower Bonds shall be in the form of Appendix B hereto, but with the first paragraph thereof replaced by the paragraph set forth in Appendix B-1 hereto and with Schedule A deleted and with Schedule B redesignated as Schedule A.
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Assignment by District. District covenants and agrees not to subcontract its duties or rights under this Agreement to any other person or to sell, assign, or voluntarily or involuntarily transfer this Agreement, without the prior written consent of the Company. However, Company shall not unreasonably withhold its consent to any such assignment.
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Related to Assignment by District

  • Assignment by Owner 51 Section 12.11

  • Assignment by Company The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by Buyer Buyer shall have the right to assign this Agreement to any third party or parties and no consent on the part of Seller shall be required for such assignment, provided however, that any such assignment shall not relieve Buyer of its liabilities and obligations hereunder.

  • Assignment by Purchaser The Purchaser shall have the right, without the consent of the Company but subject to the limit set forth in Section 2.02 hereof, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any person to exercise any rights of the Purchaser hereunder, by executing an Assignment and Assumption Agreement and the assignee or designee shall accede to the rights and obligations hereunder of the Purchaser with respect to such Mortgage Loans. All references to the Purchaser in this Agreement shall be deemed to include its assignee or designee.