Assignment, Pledge, Or Transfer Sample Clauses
The "Assignment, Pledge, Or Transfer" clause defines the rules and restrictions regarding a party's ability to assign, pledge, or transfer its rights and obligations under the agreement to another party. Typically, this clause requires that any such action—whether transferring contractual rights, using them as collateral, or assigning duties—must receive prior written consent from the other party, or may be prohibited altogether. Its core practical function is to maintain control over who is involved in the contract, preventing unwanted third parties from entering the agreement and ensuring that all parties are aware of and agree to any changes in contractual relationships.
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Assignment, Pledge, Or Transfer. You can assign, pledge, or transfer ownership of this Contract, but only if we have given you prior consent pursuant to a Written Notice and only if the assignment, pledge, or transfer complies with applicable state and federal law.
Assignment, Pledge, Or Transfer. Plan Administrator can only assign, pledge, or transfer this Addendum to any other person or entity if AdvisorTrust has given Plan Administrator prior consent pursuant to Written Notice and if the assignment, pledge, or transfer complies with applicable state and federal law. AdvisorTrust, without the consent of Plan Administrator, may assign its rights and obligations under this Addendum to any subsidiary, affiliate, successor by merger or consolidation, or another third party upon Written Notice to Plan Administrator.