Common use of Assignment of Rights and Obligations Clause in Contracts

Assignment of Rights and Obligations. ‌ Each of the Parties is entitled to fully assign its rights and obligations created under the pre- sent Contract to third parties. Such assignment is permitted solely subject to the express prior consent of the other Party. Such consent may be withheld only if the third party offers no secure guarantee for the performance of the present Contract. Such consent shall be granted if the rights and obligations are to be transferred to an Associ- ated Company as defined under Sections 15 et seq. of the German Stock Corporation Act and if this company provides a secure guarantee for the performance of the Contract. In the case of a fully assignment of all rights and obligations under this Contract to third par- ties, a transmission fee in the amount of 10,000 EUR per assignment will be charged.

Assignment of Rights and Obligations. ‌ Each of the Parties is entitled to fully assign its rights and obligations created under the pre- sent present Contract to third parties. Such assignment is permitted solely subject to the express prior consent con- sent of the other Party. Such consent may be withheld only if the third party offers no secure guarantee for the performance of the present Contract. Such consent shall be granted if the rights and obligations are to be transferred to an Associ- ated Associat- ed Company as defined under Sections 15 et seq. of the German Stock Corporation Act and if this company provides a secure guarantee for the performance of the Contract. In the case of a fully assignment of all rights and obligations under this Contract to third par- tiesparties, a transmission fee in the amount of 10,000 EUR per assignment will be charged.

Assignment of Rights and Obligations. ‌ Each of the Parties is entitled to fully assign its rights and obligations created under the pre- sent present Contract to third parties. Such assignment is permitted solely subject to the express prior consent con- sent of the other Party. Such consent may be withheld only if the third party offers no secure guarantee for the performance of the present Contract. Such consent shall be granted if the rights and obligations are to be transferred to an Associ- ated Associat- ed Company as defined under Sections 15 et seq. of the German Stock Corporation Act and if this company provides a secure guarantee for the performance of the Contract. In the case of a fully assignment of all rights and obligations under this Contract to third par- tiesparties, a transmission fee in the amount of 10,000 XX EUR per assignment will be charged.

Assignment of Rights and Obligations. ‌ Each of the Parties is entitled to fully assign its rights and obligations created under the pre- sent Contract to third parties. Such assignment is permitted solely subject to the express prior consent of the other Party. Such consent may be withheld only if the third party offers no secure guarantee for the performance of the present Contract. Such consent shall be granted if the rights and obligations are to be transferred to an Associ- ated Company as defined under Sections 15 et seq. of the German Stock Corporation Act and if this company provides a secure guarantee for the performance of the Contract. In the case of a fully assignment of all rights and obligations under this Contract to third par- ties, a transmission fee in the amount of 10,000 XX EUR per assignment will be charged.