Common use of Assignment by Operator Clause in Contracts

Assignment by Operator. Operator shall have the right to assign all its right, title and interest under this Agreement to (a) any Affiliate of it or of Sheraton, provided that (i) Operator shall remain liable for all obligations and liabilities of Operator hereunder, and (ii) such assignee enjoys the benefits of the Sheraton organization to the same degree as Operator, or (b) any successor or assignee of Operator or Sheraton which may result from any merger, consolidation or reorganization, or any other entity which acquires all or substantially all of the business and assets of Sheraton, other than any such transaction constituting a Change of Control. Operator shall have no right to assign its right, title and interest under this Agreement except as set forth in this Section 11.2.