ASSIGNMENTS AND EXTENSIONS Clause Samples
ASSIGNMENTS AND EXTENSIONS. 8.01 This Agreement and the rights and obligations obtained hereunder may not be assigned by GCP, whether by operation of law or otherwise, unless express written consent is given to such assignment by Grace, and any assignments made contrary to this Section 8.01 shall be void ab initio. Grace may assign its rights and obligations under this Agreement and nothing in this Agreement prohibits Grace from expanding uses of its ▇▇▇▇▇ ▇▇▇▇▇ outside of the GCP Business during the Phase-Out Period.
ASSIGNMENTS AND EXTENSIONS. 13.01 Each Party reserves the right to assign all or part of its rights, title and interest in this Agreement and all or part of its rights, privileges, immunities, liabilities and obligations hereunder to: (a) any Affiliate of that Party, for so long as such entity remains an Affiliate or
ASSIGNMENTS AND EXTENSIONS. 13.01 Each Party reserves the right to assign all or part of its rights, title and interest in this Agreement and all or part of its rights, privileges, immunities, liabilities and obligations hereunder to: (a) any Affiliate of that Party, for so long as such entity remains an Affiliate or (b) any successor in interest to that Party’s business operating wholly or partly within its respective GCP Technologies Field or Grace Technologies Field, and (c) any purchaser of any Party’s plant operating within the respective GCP Technologies Field or Grace Technologies Field pursuant to the grants made hereunder.
13.02 Except as permitted in paragraph 13.01 above, this Agreement and the rights and obligations obtained hereunder may not be assigned by any Party, unless express written consent is given to such assignment by both GCP and Grace, and any assignments made contrary to this paragraph 13.02 shall be void ab initio. For avoidance of doubt, the provisions of this paragraph 13.02 only apply to this Agreement and the rights and obligations obtained hereunder, and shall not apply nor prohibit assignment of a Party’s Intellecutal Property to a third party provided the assignee or transferee of such Intellectual Property agrees to the terms and conditions hereunder with respect to the license grants and confidentiality obligations hereunder.
13.03 With respect to a Party’s right to extend this Agreement to any of its Affiliates under Section 2.01 or 2.05, all the terms and conditions of this Agreement, except the right to extend, shall apply to each such Affiliate to which this license has been extended to the same extent as they apply to the extending Party, and the operations of such Affiliates shall be deemed to be the operations of the extending Party hereunder and the extending Party shall account therefor and be primarily responsible for the performance by such Affiliate of all of its obligations hereunder.