Assignment with Consent Clause Samples
The Assignment with Consent clause restricts a party’s ability to transfer its rights or obligations under a contract to another party without first obtaining approval from the other original party. In practice, this means that if one party wishes to assign the contract—such as selling their interest or delegating their duties—they must seek and receive written consent from the non-assigning party before the transfer is valid. This clause serves to protect the interests of all parties by ensuring that no unexpected or unwanted third parties are introduced into the contractual relationship, thereby maintaining control and stability over who is responsible for fulfilling the contract’s terms.
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Assignment with Consent. Tenant shall not assign, transfer, mortgage, pledge, hypothecate or encumber this Lease nor the leasehold estate hereby created or any interest herein, or sublet the Leased Assets or any portion thereof, or license the use of all or any portion of the Leased Assets without the prior express written consent of the Landlord, which consent shall not be unreasonably withheld, delayed or conditioned; provided, however, (i) any assignment, sublease or outsourcing by Tenant shall be freely permitted to the extent such assignment, sublease or outsourcing is not in violation of the borrower’s covenants under the Loan Agreement; and (i) that any leases or subleases of the Leased Assets existing as of the Commencement Date shall be expressly permitted hereunder. If any of the foregoing prohibited acts shall be effected by Tenant or if any part of the Leased Assets be occupied by anybody other than Tenant, other than as provided for herein, Landlord may collect rent from the assignee, transferee, subtenant, concessionaire, licensee, occupant or the like, and apply the net amount collected to the Rent, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of this Article 13, or the acceptance of the third Person thereof as Tenant, or a release of Tenant from the further performance by Tenant of this Lease. Notwithstanding the foregoing, any Successor Landlord (as defined herein) shall have the right, in its reasonable discretion, to prohibit any assignment, sublease, or outsourcing.
Assignment with Consent. Subject to clause 17.2, the Applicant shall not assign, transfer or novate any right or liability under this Agreement without the prior consent of the GBCA.
Assignment with Consent. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns, provided, however, that, except as provided below, neither Party may Transfer its interest in the Agreement, including Transfers by operation of law such as by way of merger or consolidation, without the prior written consent of the other Party, which consent may not be unreasonably withheld.
Assignment with Consent. No Party may directly or indirectly sell its Interest without the written consent of the other Parties.
Assignment with Consent. Other than Permitted Transfers, no Member shall assign all or any portion of such Member’s Units to any Person without the prior written consent of the Manager.
Assignment with Consent. Tenant shall not assign, sell, transfer, sublease, or mortgage its interest in this Lease without the prior written consent of the Landlord, which consent shall not be unreasonably withheld, conditioned, or delayed so long as both: (a) the transferee has a net worth at least equal to or greater than Tenant at the Effective Date hereof, calculated in accordance with generally accepted accounting principles as applied in the United States; and (b) no Event of Default has occurred and is continuing.
Assignment with Consent. Except as provided in Clause 17.2, none of the parties shall, without the prior written consent of the others assign, transfer, charge or deal in any other manner with this Agreement or any rights under it in whole or in part.
Assignment with Consent. 12 13.2 Assignment in Event of Acquisition.............................. 12
Assignment with Consent. Subject to clause 17.2, the Applicant shall not assign, transfer or novate any right or liability under this Agreement without the prior consent of the NZGBC.
Assignment with Consent. This Agreement is being entered into by the Parties hereto on the basis of careful investigation of the other Party’s reputation and experience and the know-how of its personnel. Without the prior written approval of the other Party or unless otherwise permitted in this Agreement in Section 9.8(b) below, this Agreement and a Party’s duties, privileges, rights and obligations hereunder may not be transferred, in whole or in part, directly or indirectly.