Common use of Assignment to ToolsGroup Clause in Contracts

Assignment to ToolsGroup. In the event of the expiration or termination for any reason of the agreement between ToolsGroup and Supplier pursuant to which Supplier is authorized to grant the License hereunder, Supplier may, in accordance with such agreement, assign this Agreement in whole to ToolsGroup or to a third-party reseller designated in writing by ToolsGroup to Customer, which shall thereafter be Supplier hereunder; provided that (i) Customer shall not be charged for any amount paid to Supplier when due hereunder prior to such assignment and (ii) neither ToolsGroup nor any such third-party designee shall assume any obligation of Supplier accrued hereunder prior to such assignment.