Common use of Assignment Termination Clause in Contracts

Assignment Termination. All of the rights and obligations of this Agreement shall inure to and be binding upon the legal representatives, successors and permitted assigns of the Parties hereto. No assignment shall impose upon the non-assigning Party any obligation or burden in excess of those obligations or burdens as exist between the original Parties to this Agreement. This Agreement or any interest herein shall not be assigned without the prior written consent of the other Parties, which consent shall not be unreasonably withheld. Subject to the provisions of the Federal Bankruptcy Code, this Contract shall not be deemed an asset of either Seller or Buyer and, upon five (5) days prior written notice, either such Party may terminate this Agreement without penalty at any time in the event the other such Party enters into any voluntary or involuntary receivership, bankruptcy, or insolvency proceedings in any applicable national jurisdiction.

Assignment Termination. All of the rights and obligations of this Agreement shall inure to and be binding upon the legal representatives, successors and permitted assigns of the Parties parties hereto. No assignment shall impose upon the non-assigning Party party any obligation or burden in excess of those obligations or burdens as exist between the original Parties parties to this Agreement. This Agreement or any interest herein shall not be assigned without the prior written consent of the other Partiesparties, which consent shall not be unreasonably withheld. Subject to the provisions of the Federal Bankruptcy Code, this Contract shall not be deemed an asset of either Seller or Buyer and, upon five (5) days prior written notice, either such Party may terminate this Agreement without penalty at any time in the event the other such Party enters into any voluntary or involuntary receivership, bankruptcy, or insolvency proceedings in any applicable national jurisdiction.

Assignment Termination. All of the rights and obligations of this Agreement shall inure to and be binding upon the legal representatives, successors and permitted assigns of the Parties parties hereto. No assignment shall impose upon the non-assigning Party party any obligation or burden in excess of those obligations or burdens as exist between the original Parties parties to this Agreement. This Agreement or any interest herein shall not be assigned without the prior written consent of the other Partiesparties, which consent shall not be unreasonably withheld. Subject to the provisions of the Federal Bankruptcy Code, this Contract shall not be deemed an asset of either Seller or Buyer and, upon five (5) days prior written notice, either such Party may terminate this Agreement without penalty at any time in the event the other such Party enters into any voluntary or involuntary receivership, bankruptcy, or insolvency proceedings in any applicable national jurisdictionproceedings.