Assignment by ECOPETROL Sample Clauses

Assignment by ECOPETROL. ECOPETROL may assign in part or in whole the rights and obligations under this Master Service Contract provided that it does not affect the rights of CENIT under this Master Service Contract. Any assignment of rights and obligations that affects the rights of CENIT under this Master Service Contract shall require prior written approval from CENIT, except when the assignment is made to a subordinate or controlling company of ECOPETROL. For purposes of the provisions of this number, ECOPETROL shall 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 CENIT. CENIT shall 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 CENIT fails to answer within such term, the assignment shall be considered approved. CENIT may require the assignee to provide an adequate guarantee to the satisfaction of the former with respect to the obligations that are assumed. In no case shall ECOPETROL be jointly responsible to CENIT or to third parties with the assignee in the event of assignment of the Master Service Contract. The provisions of this Section shall not apply to assignments of rights to Firm Capacity provided under Section 3.05 number (iii) of the General Conditions.
AutoNDA by SimpleDocs
Assignment by ECOPETROL. ECOPETROL may assign in part or in whole the rights and obligations under this Master Service Contract provided that it strictly complies with the same provisions of Section 3.05 number (iii), letter b, sub-number 2 of the General Conditions of this Master Service Contract.

Related to Assignment by ECOPETROL

  • Assignment by Executive This Agreement shall inure to the benefit of and be enforceable by the Executive's executor and/or administrators, heirs, devisees, and legatees. If the Executive should die while any amount would be payable to Executive hereunder had the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's estate. Executive's rights hereunder shall not otherwise be assignable.

  • Assignment by Employee Employee's rights and obligations under this Employment Agreement are personal, and they shall not be assigned or transferred without the Company's prior written consent.

  • 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 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 Owner 51 Section 12.11

  • 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 Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.

  • Assignment by Members No Member shall sell, assign or transfer, or offer to sell, assign or transfer or otherwise Dispose of all or any part of such Member’s Units or other interests in the Company (whether voluntarily or involuntarily) without the prior written consent of the Majority Members.

  • No Assignment by Executive Executive warrants and represents that no portion of any of the matters released herein, and no portion of any recovery or settlement to which Executive might be entitled, has been assigned or transferred to any other person, firm or corporation not a party to this Agreement, in any manner, including by way of subrogation or operation of law or otherwise. If any claim, action, demand or suit should be made or instituted against the Company or any other Releasee because of any actual assignment, subrogation or transfer by Executive, Executive agrees to indemnify and hold harmless the Company and all other Releasees against such claim, action, suit or demand, including necessary expenses of investigation, attorneys’ fees and costs. In the event of Executive’s death, this Agreement shall inure to the benefit of Executive and Executive’s executors, administrators, heirs, distributees, devisees, and legatees. None of Executive’s rights or obligations may be assigned or transferred by Executive, other than Executive’s rights to payments hereunder, which may be transferred only upon Executive’s death by will or operation of law.

  • Assignment by Assignor Effective as of the Closing, Assignor hereby transfers and assigns to Assignee the Intangible Property and the Permits and Entitlements.

Time is Money Join Law Insider Premium to draft better contracts faster.