Common use of Assignment by Parties Clause in Contracts

Assignment by Parties. This Agreement, and the rights hereunder, shall not be assigned, and the obligations hereunder shall not be transferred, without the mutual written consent of the parties (not to be unreasonably withheld or delayed) however Investor may at any time, without the consent of any other parties, assign its rights and transfer its obligations hereunder to a permitted transferee of the Note. The Issuer Parties may at any time, without the consent of any other parties, assign their rights and transfer their obligations to a transferee who is an affiliate. In the event of any such transfer or assignment, the transferor shall procure such transferee shall execute a deed of adherence in a form acceptable to the other parties on or prior to the completion of any transfer.

Appears in 3 contracts

Sources: Note Subscription Agreement, Note Subscription Agreement (Cheng Zheng), Note Subscription Agreement (Cheng Zheng)