Assignment by the Service Provider Sample Clauses
The "Assignment by the Service Provider" clause defines the conditions under which the service provider may transfer its rights or obligations under the contract to another party. Typically, this clause specifies whether the service provider needs the client's consent before assigning the agreement, and may outline any exceptions or procedures for notification. Its core practical function is to control and clarify the circumstances in which the service provider can delegate its contractual responsibilities, thereby protecting the client's interests and ensuring continuity and accountability in service delivery.
Assignment by the Service Provider. Service Provider may of its ---------------------------------- parent, subsidiaries or affiliates upon prior consent of the Company, which consent shall not be unreasonably withheld or delayed.
Assignment by the Service Provider. 45.1 A Party may assign any of its rights and obligations under the CSA, provided that:
45.1.1 the Service Provider has obtained prior written consent from Chorus (such consent not to be unreasonably withheld or delayed);
45.1.2 the assignee satisfies the prerequisites in sections 4 to 7; and
45.1.3 in the case of Chorus seeking to transfer, Chorus may assign any of its rights and obligations under the CSA to any wholly owned subsidiary of Chorus Limited and no consent will be required from the Service Provider.
Assignment by the Service Provider. The Service Provider may not assign or transfer all or any part of its rights or obligations hereunder without the prior written consent of the Government. Notwithstanding the provision of the immediately preceding sentence, the Service Provider may, pursuant to the terms of the Agreement,
(i) assign or create a security interest over its rights and interests in and to this Government Guarantee in favour of the Lenders under the Lenders Documents, or (ii) transfer the benefit of this Guarantee to a third party to which the Service Provider rights and liabilities under the Agreement are transferred [in accordance with the Direct Agreement]63.
Assignment by the Service Provider. This Agreement shall terminate automatically in the event of its assignment, in whole or in part, by the Service Provider, unless such assignment is consented to in writing by PubCo and Holdco with the consent of a majority of the Independent Directors. Any such permitted assignment shall bind the assignee under this Agreement in the same manner as the Service Provider is bound, and the Service Provider shall be liable to PubCo and Holdco for all acts or omissions of the assignee under any such assignment. In addition, the assignee shall execute and deliver to PubCo and Holdco a counterpart of this Agreement naming such assignee as the Service Provider. Notwithstanding the foregoing, the Service Provider may, without the approval of the Independent Directors, (i) assign this Agreement to an Affiliate of the Service Provider and (ii) delegate to one or more of its Affiliates the performance of any of its responsibilities hereunder so long as it remains liable for any such Affiliate’s performance, in each case so long as assignment or delegation does not require any Service Recipient’s approval under the Investment Company Act or other applicable law (but if such approval is required, PubCo and Holdco shall not, and shall cause the other Service Recipients, as applicable, not to, unreasonably withhold, condition or delay their consent). Nothing contained in this Agreement shall preclude any pledge, hypothecation or other transfer of any amounts payable to the Service Provider under this Agreement.