Common use of AUTHORIZATION TO ASSIGN Clause in Contracts

AUTHORIZATION TO ASSIGN. Seller shall have delivered to Buyer Parties certified copies of the corporate resolutions adopted by the General Shareholders’ and/or Partners’ Meeting of the Companies, as applicable, authorizing the transfer of Shares and/or Equity Interests in accordance with the terms of this Agreement, and admitting each Buyer Party or its designated Affiliate(s) or assignees, as applicable, as new shareholders or members of such Companies, in form and substance reasonably satisfactory to Buyer Parties.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Penn Octane Corp), Purchase and Sale Agreement (Rio Vista Energy Partners Lp)

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AUTHORIZATION TO ASSIGN. Seller shall have delivered to Buyer Parties certified copies of the corporate resolutions adopted by the General Shareholders’ and/or Partners’ Meeting Board of Directors and approved by the majority of the Companies, as applicable, Shareholders' of Seller authorizing the transfer of Shares and/or Equity Interests in accordance with the terms of this Agreement, and admitting each Buyer Party or its designated Affiliate(s) or assignees, as applicable, as new shareholders or members of such Companies, in form and substance reasonably satisfactory to Buyer PartiesAssets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Penn Octane Corp)

AUTHORIZATION TO ASSIGN. Seller shall have delivered to Buyer Parties certified copies of the corporate resolutions adopted by the General Shareholders’ and/or Partners’ Meeting Board of Directors and approved by the majority of the Companies, as applicable, Shareholders of Seller authorizing the transfer of Shares and/or Equity Interests in accordance with the terms of this Agreement, and admitting each Buyer Party or its designated Affiliate(s) or assignees, as applicable, as new shareholders or members of such Companies, in form and substance reasonably satisfactory to Buyer PartiesAssets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Penn Octane Corp)

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AUTHORIZATION TO ASSIGN. Seller shall have delivered to ------------------------ Buyer Parties certified copies of the corporate resolutions adopted by the General Shareholders' and/or Partners’ Members' Meeting of the Companies, as applicable, authorizing the transfer of Shares and/or Equity Interests in accordance with the terms of this Agreement, and admitting each Buyer Party or its designated Affiliate(s) or assignees), as applicable, as new shareholders or members of such Companies, in form and substance reasonably satisfactory to Buyer PartiesBuyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rio Vista Energy Partners Lp)

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