Assignment Without Consent Sample Clauses
The "Assignment Without 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 proceeding. This clause serves to protect the interests of the non-assigning party by ensuring they are not forced into a contractual relationship with an unknown or potentially unsuitable third party, thereby maintaining control and stability within the contractual arrangement.
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Assignment Without Consent. A. Provided that there is no uncured Event of Default, Tenant shall have the right upon prior written notice to Landlord (but without any requirement to obtain Landlord’s consent) to assign this Lease in its entirety together with Tenant’s leasehold estate in the Premises to a Permitted Assignee; provided that: (i) neither the assignee nor its direct or indirect parent or Affiliate is a Prohibited Person; (ii) the assignee assumes in a written instrument enforceable by Landlord all of the obligations of Tenant hereunder and otherwise in connection herewith arising from and after the date of such assignment; and (iii) unless the Major Assignee Criteria set forth below are met, (a) Tenant shall remain liable for all liabilities and other obligations of Tenant under or in connection with this Lease arising or that have otherwise accrued prior to the date of such assignment, and (b) any guarantor of Tenant’s obligations hereunder, if any, shall remain liable per and in accordance with the provisions of its guaranty for all prior accrued liabilities and other obligations of Tenant and shall continue to guaranty to full, timely and faithful performance of the assignee Tenant pursuant to the terms of its guaranty. A “Major Assignee” is a Person (1) with a net worth of at least Five Hundred Million and 00/100 Dollars ($500,000,000.00) that agrees
Assignment Without Consent. Any purported assignment in contravention of Section 12.4(a) shall, at the option of the non-assigning Party, (i) be null and void and of no effect or (ii) terminate this Agreement. If the non-assigning Party elects to terminate this Agreement, the termination is effective as of the assignment's occurrence. Any termination is without prejudice to the non-assigning Party's claim for damages.
Assignment Without Consent. This Agreement may be terminated by Licensor in its sole discretion, immediately upon written notice if Licensee voluntarily or involuntarily breaches Paragraph 20 of this Agreement.
Assignment Without Consent. Notwithstanding anything to the ------------- -------------------------- contrary set forth above in this Article XIV, Tenant shall have the right, without the consent of Landlord, to arrange for editorial space subleases which are in each instance (i) less than 800 square feet in size and (ii) less than six (6) months in duration; provided that Tenant shall remain fully liable on this Lease and shall not be released thereby from performing any of the terms, covenants and conditions of this Lease.
Assignment Without Consent. If this Lease is assigned or if the Equipment is subleased without the permission of Lessor, then Lessor may nevertheless collect rent from the assignee or sublessee and apply the net amount collected to the Rent payable hereunder, but no such transaction or collection of Rent or application thereof by Lessor shall be deemed a waiver of any provision hereof or a release of Lessee from the performance of the obligations of Lessee hereunder. All subleases and assignments shall be subordinate and subject to the provisions of this Lease and shall automatically terminate upon the expiration or termination of this Lease or the termination of Lessee's right to possession hereunder.
Assignment Without Consent. Nothing in this Agreement shall be construed as an attempt to assign any leasehold or contract rights without the consent of the other party thereto if the attempted assignment thereof without such consent would constitute a breach thereof or adversely affect the rights of the parties thereunder. If any such consent is not obtained prior to the date hereof, Seller agrees to cooperate with Purchaser in effecting appropriate arrangements designed to obtain such consent or assure that Purchaser will receive the benefits of the leaseholder and contract rights.
Assignment Without Consent. If Area Operator purports to make any assignment or transfer without our prior written consent or otherwise violates this Agreement;
Assignment Without Consent. Customer and Level 3 each acknowledge that the delivery of Managed Modem Services hereunder, and adherence to the specifications and service levels that Customer has grown to rely upon in connection with its business relationship with Level 3, are fundamental to Customer’s decision to agree to the Port Commitment. In the event of any assignment of this Agreement to a competitor of Customer or its affiliates which is accomplished without Customer’s consent, Customer shall have the right to terminate the Port Commitment.
Assignment Without Consent. 29 Section 14.6 Corporate or Partnership Transfers.................. 29 Section 14.7 Prohibition Against Pledge or Encumbrance........... 29
Assignment Without Consent. If this Lease is assigned or if the Premises are subleased without the permission of Landlord, then Landlord may nevertheless collect rent from the assignee or sublessee and apply the net amount collected to the Rent payable hereunder, but no such transaction or collection of Rent or application thereof by Landlord shall be deemed a waiver of any provision hereof or a release of Tenant from the performance of the obligations of Tenant hereunder. All subleases and assignments shall be subordinate and subject to the provisions of this Lease and shall automatically terminate upon the expiration or termination of this Lease or the termination of Tenant's right to possession hereunder.