Assignment of Interest, Rights and Obligations Sample Clauses

Assignment of Interest, Rights and Obligations. If a Party (the Transferring Party) to the Contract intends to sell, assign, transfer, wholly or in part, its interest, rights and obligations to a third party, a prior written consent must be obtained from the other Party (the Non-Transferring Party). If the Transferring Party desires to sell, assign or transfer, wholly or in part, its interest, rights and obligations to a third party other than a subsidiary of the Transferring Party, the Transferring Party shall secure a binding written offer (the "Third Party Offer") from such third party. The Non-Transferring Party shall have the right (the "First Right of Refusal") exercisable within fifteen (15) days after receiving a copy of the Third Party Offer to purchase the Transferring Party's interest, rights and obligations in the Project on the same terms and conditions as set out in the Third Party Offer. The Non-Transferring Party shall notify the Transferring Party in writing prior to exercise its First Right of Refusal. If the Non-Transferring Party exercises its First Right of Refusal within fifteen (15) days after receiving a copy of the Third Party Offer to purchase the Transferring Party's interest, rights and obligations in the Project, the Transferring Party's respective interest, rights and obligations shall be transferred to the Non-Transferring Party on the same terms and conditions set out in the Third Party Offer. If the Non-Transferring Party fails to exercise its First Right of Refusal within fifteen (15) days after receiving the notification of the Third Party Offer, the Transferring Party may, provided that the Transferring Party has obtained the prior written consent from the Non-Transferring Party (such consent shall not be withheld unreasonably), sell, assign or transfer, wholly or in part, its respective interest, rights and obligations in the Project to the Third Party pursuant to Article 5.3(1) of this Contract. Notwithstanding the foregoing, a Party, after notifying the other Party, may sell, assign or transfer, wholly or in part, its respective interest, rights and obligations in the Project to its Subsidiary. The Parties agree that such assignment shall not require prior consent of the other Party and shall not attach any conditions to such assignment. The Parties also agree that the First Right of Refusal, shall not be applied to such assignment. Any sale, assignment or transfer of a Party's interest, rights and obligations in the Project, wholly or in part, under this Article s...
Sample 1
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Assignment of Interest, Rights and Obligations. 1. If a Party (the Transferring Party) to the Contract intends to sell, assign, transfer, wholly or in part, its interest, rights and obligations to a third party, a prior written consent must be obtained from the other Party (the Non-Transferring Party). The modified Contract can only be effective after the modifications have been registered with the State Administration for Industry and Commerce within thirty (30) days after approved by the relevant Approval Authorities.
Sample 1

Related to Assignment of Interest, Rights and Obligations

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent.

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Absolute Rights and Obligations This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Security Instruments to which it is a party by reason of:

  • Party B’s Rights and Obligations 1. Party B’s rights

  • Additional Rights and Obligations If the Company issues securities in its next equity financing (other than a transaction with a strategic partner that involves a financing) within 180 days after the date hereof (the “Next Financing”) that (a) have rights, preferences or privileges that are more favorable than the terms of the Securities, such as price-based anti-dilution protection, or (b) provide all such future investors other contractual terms such as registration rights, the Company shall provide substantially equivalent rights to the Subscriber with respect to the Securities (with appropriate adjustment for economic terms or other contractual rights), subject to such Subscriber’s execution of any documents, including, if applicable, investor rights, co-sale, voting, and other agreements, executed by the investors purchasing securities in the Next Financing (such documents, the “Next Financing Documents”). Notwithstanding anything herein to the contrary, upon the execution and delivery of the Next Financing Documents by Subscriber holding a majority of the then-outstanding Securities, this Subscription Agreement (excluding any then-existing and outstanding obligations) shall be amended and restated by and into such Next Financing Documents and shall be terminated and of no further force or effect.

  • Parties' Rights and Obligations If during the Term there is any Taking of all or any part of the Leased Property or any interest in this Lease by Condemnation, the rights and obligations of the parties shall be determined by this Article XV.

  • Other Rights and Obligations 1. The Entrustor shall transfer the entrusted funds into its account for entrustment loans on a timely basis. The Lender will not commence disbursement procedures in accordance with the entrustment loan agreement and the loan contract etc. until the entrusted funds of the Entrustor have been deposited into its account for entrustment loans.

  • Party A’s Rights and Obligations 1. Party A guarantees that the products provided meet the quality and hygiene standards stipulated by the state;

  • Finance Parties’ rights and obligations (a) The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

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