ASSIGNMENTS/TRANSFERS. Licensee may not assign or transfer this Agreement in whole or part to any third party without the prior written permission of USC, which permission shall be granted in the sole discretion of USC. The Licensee may only assign the entire Agreement to successors of the entire business of the PRODUCTS if the successor agrees to be bound by this Agreement and prior written notice is provided to USC.
ASSIGNMENTS/TRANSFERS. 11.01 In the event that an employee is temporarily transferred to a higher rated classification for a period of three (3) hours or more per shift, the employee shall receive the rate of pay for the classification to which he or she has been temporarily assigned, for the time worked in the higher rated classification.
ASSIGNMENTS/TRANSFERS. Your rights under this Agreement may not be transferred by operation of law or otherwise. However, your obligations under this Agreement shall be binding upon your estate or personal representatives. We may sell your Account and/or assign or transfer this Agreement and our related rights and obligations, in whole or in part, without prior notice to you and without your consent.
ASSIGNMENTS/TRANSFERS. (a) Either Member may assign its interest in this Agreement only as permitted by, and in connection with a permitted assignment in the License Agreement, to the assignee of such agreement. Any purported assignment in violation of this Section 21 shall be null and void ab initio and of no force and effect.
ASSIGNMENTS/TRANSFERS. Neither party may assign or transfer this Agreement in whole or part to any third party without the prior written permission of the other party.
ASSIGNMENTS/TRANSFERS. A. All presently employed staff members shall know their specific assignments for the following year prior to June 15th. No assignment shall be arbitrarily changed by an administrator, but in the case of undue hardships and/or emergency situations and in cases where administratively necessary, the responsible administrator may reassign a staff member. If such situations should arise after June 15th, the staff member involved shall be notified, in writing, with reasons of any change in his/her assignment immediately.
ASSIGNMENTS/TRANSFERS. Except in connection with a syndication permitted under Section 4.5, a Member may not at any time (i) assign in whole or in part its limited liability company interest in the Company without the prior written consent of all Members or (ii) transfer in whole or in part its limited liability company interest in the Company without the prior written consent of all Members.
ASSIGNMENTS/TRANSFERS. (a) Except as otherwise provided in this Agreement, (i) no Member may sell, transfer, assign, hypothecate, pledge or otherwise dispose of or encumber (including the grant of an option with respect to any of the foregoing), directly or indirectly (“Transfer”), all or any part of its limited liability company interest in the Company or withdraw from the Company, and (ii) no Transfer of any direct or indirect interest in a Member shall be permitted, except (in the case of both clauses (i) and (ii)) with the prior written approval of the Managing Member, which approval may be granted or withheld by the Managing Member in its sole and absolute discretion.
ASSIGNMENTS/TRANSFERS. Prior to a Fundamental Event, no Member shall assign in whole or in part its Membership Interest; provided that (i) the Opco Agent Member may assign all, and not less than all, of its Membership Interest to a successor designee which is acting as or appointed by the successor agent under the New Opco Credit Agreement; (ii) the Propco Agent Member may assign all, and not less than all, of its Membership Interest to a successor designee which is acting as or appointed by the successor agent under the New Propco Credit Agreement; and (iii) the Propco Member shall be permitted to pledge or hypothecate any or all of its Membership Interest to the Propco Agent Member or any other lender to the Propco Member or any agent acting on such lender’s behalf, and any Transfer of such Membership Interest pursuant to any such lender’s (or agent’s) exercise of remedies in connection with any such pledge or hypothecation shall be permitted under this Agreement with no further action or approval required hereunder. Upon the exercise of remedies in connection with such pledge or hypothecation, (a) such lender (or agent) or Transferee of such lender (or agent), as the case may be, shall become a Member under this Agreement and shall succeed to all of the rights, including the right to participate in the management of the business of the Company, and shall be bound by all of the obligations of a Member under this Agreement without taking any further action on the part of such lender (or agent) or transferee, as the case may be, and (b) without complying with any other procedures set forth in this Agreement, and following such exercise of remedies, the Propco Member shall cease to be a Member and shall have no further rights or obligations under this Agreement. The execution and delivery of this Agreement by a Member shall constitute any necessary approval of such Member under the Act to the foregoing provisions of this Section 19. This Section 19 may not be amended or modified so long as the Propco Member’s Membership Interest is subject to a pledge or hypothecation without the pledgee’s (or the transferee of such pledgee’s) prior written consent. In addition to the foregoing, if either the New Propco Credit Agreement or the New Opco Credit Agreement is refinanced in full through a replacement or successor agreement, then such refinancing shall not constitute a Fundamental Event and such replacement or successor agreement shall be deemed to constitute the New Propco Credit Agre...
ASSIGNMENTS/TRANSFERS. (a) In addition to the limitations on its transfer and assignment rights set forth in Exhibit N, Operator will not mortgage, pledge, hypothecate, grant a security interest in or deed of trust or charge of any kind upon, its interest under this IRU Agreement or the Tacoma Power Commercial System, or, except as provided in Section 3(a), any portion thereof including After-Installed Assets, without the prior written consent of Tacoma Power.
