Common use of Buyer Assignment Clause in Contracts

Buyer Assignment. Buyer may assign its rights under this Agreement and/or to the Buyer's Transponders only in whole, only to an Approved Participating Company (or any entity Controlled by an Approved Participating Company), and only if the following conditions are satisfied: (a) the proposed assignee in writing assumes all of Buyer's obligations with respect to this Agreement and agrees to be treated as Buyer for all purposes under this Agreement; (b) such written undertaking is delivered to PanAmSat at least thirty (30) days in advance of the assignment; (c) Buyer guarantees assignee's performance of payment obligations which obligations shall also continue to be subject to the guarantee requirements stated under Article 17 below; and (d) either (i) the assignee agrees in writing to continue the programming practices of Buyer; (ii) the assignee is one of the Approved Participating Companies as to whom (as shown in Appendix I) PanAmSat has consented to its current programming practices and said assignee agrees to follow the assignor's current programming practices (as

Appears in 2 contracts

Sources: Transponder Purchase and Sale Agreement (Panamsat Corp /New/), Transponder Purchase and Sale Agreement (Panamsat Corp /New/)