Common use of Assignment Defined Clause in Contracts

Assignment Defined. For the purpose of this Section, “assignment” shall include, but not be limited to, (i) a sale, exchange or other transfer to a third party of substantially all of Contractor’s assets dedicated to service under this Agreement; (ii) a sale, exchange or other transfer of outstanding common stock of Contractor to a person who is not a shareholder as of the effective date which results in a change in control of Contractor;

Appears in 2 contracts

Sources: Franchise Agreement, Franchise Agreement

Assignment Defined. For In addition to the actions set forth in subsection 15.03.A., above, for the purpose of this SectionArticle, the term “assignment” shall also include, but not be limited to, (i) a sale, exchange or other transfer to a third party of substantially all of Contractor’s assets dedicated to service under this Agreement; (ii) a sale, exchange or other transfer of outstanding common stock of Contractor to a person who is not a shareholder as of the effective date Effective Date which results in a change in control of Contractor;

Appears in 1 contract

Sources: Solid Waste, Recyclables and Green Waste Collection Agreement