Common use of Buyer’s Assignment Clause in Contracts

Buyer’s Assignment. Buyer shall not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned or delayed, and any such assignment undertaken without such consent shall be null and void. No assignment, whether consented to by Seller or not, shall relieve the original Buyer of its obligations under this Agreement and after any such permitted assignment, the original Buyer and the permitted assignee shall remain jointly liable hereunder.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Mercury Computer Systems Inc), Purchase and Sale Agreement (Mercury Computer Systems Inc)

Buyer’s Assignment. Buyer shall not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned Seller may grant or delayedwithhold in its sole discretion, and any such assignment undertaken without such consent shall be null and void. No assignment, whether consented to by Seller or not, shall relieve the original Buyer of its obligations under this Agreement and after any such permitted assignment, the original Buyer and the permitted assignee shall remain jointly liable hereunder.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Omni Financial Services, Inc.), Purchase and Sale Agreement (Prudential Realty Acquisition Fund Ii Lp)

Buyer’s Assignment. Except as otherwise provided herein, Buyer shall not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned Seller may grant or delayedwithhold in its sole discretion, and any such assignment undertaken without such consent shall be null and voidvoid ab initio. No assignmentIn the event of any permitted assignment by Buyer, whether consented to by Seller or not, any assignee shall relieve the original assume any and all obligations and liabilities of Buyer of its obligations under this Agreement and after any but, notwithstanding such permitted assignmentassumption, the original Buyer and the permitted assignee shall remain jointly continue to be liable hereunder. Seller hereby consents to the assignment by Buyer of this contract to any partnership, limited partnership or limited liability company directly or indirectly controlled by Buyer.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (NTS Realty Holdings Lp), Purchase and Sale Agreement (NTS Realty Holdings Lp)

Buyer’s Assignment. (a) Buyer shall not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned Seller may grant or delayedwithhold in its sole and absolute discretion, and any such assignment undertaken without such consent shall be null and void. No assignment, whether consented to by Seller or not, shall relieve the original Buyer of its obligations under this Agreement and after any such permitted assignment, the original Buyer and the permitted assignee shall remain jointly liable hereunder.void ab

Appears in 1 contract

Sources: Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)

Buyer’s Assignment. Buyer shall may not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned Seller may grant or delayedwithhold in its reasonable discretion, and any such assignment undertaken without such consent shall be null and voidvoid ab initio. No assignmentAny transfer, whether consented to by Seller directly or notindirectly, of any stock, partnership interest or other ownership interest in Buyer shall relieve the original Buyer constitute an assignment of its obligations under this Agreement and after any such permitted assignment, the original Buyer and the permitted assignee shall remain jointly liable hereunderAgreement.

Appears in 1 contract

Sources: Lease Agreement

Buyer’s Assignment. Buyer shall not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent shall not be unreasonably withheld, conditioned Seller may grant or delayedwithhold in its sole discretion, and any such assignment undertaken without such consent shall be null and void. No assignment, whether consented to by Seller or not, shall relieve the original except that Buyer of its obligations under may assign this Agreement and after to any such permitted assignment, subsidiary of Norwest Corporation without the original Buyer and the permitted assignee shall remain jointly liable hereunderprior written consent of Seller.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)