CESSION AND ASSIGNMENT. Neither party will be entitled to cede, delegate, assign or in any other manner dispose of any of its rights or obligations arising out of this Agreement without the prior written approval of the other party which may withhold its approval in its sole and absolute discretion, provided that to the extent that any such cession, delegation, assignment or disposal relates to an amalgamation or genuine restructuring of the first-mentioned party or any group of companies of which it is part, then the other party's approval will not be unreasonably withheld. This clause will be binding on the liquidator, business rescue practitioner or trustee (whether provisional or final) of each party.
Appears in 3 contracts
Samples: Rewards Proprietary Limited Agreement, Limited Agreement, Limited Agreement
CESSION AND ASSIGNMENT. Neither party will shall be entitled to cede, delegate, assign or in any other manner dispose of any of its rights or obligations arising out of this Agreement without the prior written approval of the other party which may withhold its approval in its sole and absolute discretion, provided that to the extent that any such cession, delegation, assignment or disposal relates to an amalgamation or genuine restructuring of the first-mentioned party or any group of companies of which it is part, then the other party's ’s approval will shall not be unreasonably withheld. This clause will shall be binding on the liquidator, business rescue practitioner or trustee (whether provisional or final) of each party.
Appears in 2 contracts
Samples: Flickpay Agreement, Emerge Mobile Agreement
CESSION AND ASSIGNMENT. Neither party will shall be entitled to cede, delegate, assign or in any other manner dispose of any of its rights or obligations arising out of this Agreement without the prior written approval of the other party which may withhold its approval in its sole and absolute discretion, provided that to the extent that any such cession, delegation, assignment or disposal relates to an amalgamation or genuine restructuring of the first-mentioned firstmentioned party or any group of companies of which it is part, then the other party's ’s approval will shall not be unreasonably withheld. This clause will shall be binding on the liquidator, business rescue practitioner or trustee (whether provisional or final) of each party.
Appears in 1 contract
Samples: teamrocket.webikhokhastaging.co.za
