Assignment of License. Licensees shall not have the right to assign --------------------- the license granted by this Article X to any third party, by agreement, operation of law, or otherwise, without the prior written consent of NDC, which may be withheld by NDC in its sole discretion; provided that such license may be assigned by a party to any company or concern acquiring substantially the entire business of such party relating to the eCommerce Marks licensed hereunder, provided such assignee first agrees in writing to be bound by all terms and conditions of such license including the obligations of such party hereunder.
Appears in 3 contracts
Samples: Form of Distribution Agreement (Global Payments Inc), Form of Distribution Agreement (Global Payments Inc), Distribution Agreement Plan of Reorganization And (Global Payments Inc)
Assignment of License. Licensees shall not have the right --------------------- to assign --------------------- the license granted by this Article X to any third party, by agreement, operation of law, or otherwise, without the prior written consent of NDC, which may be withheld by NDC in its sole discretion; provided that such license may be assigned by a party to any company or concern acquiring substantially the entire business of such party relating to the eCommerce Marks licensed hereunder, provided such assignee first agrees in writing to be bound by all terms and conditions of such license including the obligations of such party hereunder.
Appears in 1 contract
Samples: Distribution Agreement Plan of Reorganization and Distribution (Global Payments Inc)
