Common use of CESSION Clause in Contracts

CESSION. 23.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 71 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 24.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 24.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 25 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 22.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 22.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 14 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 25.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 25.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 8 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 27.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 27.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 8 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 26.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 26.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 6 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 29.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 29.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 6 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 28.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 28.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 6 contracts

Sources: Master Agreement, Master Agreement, Master Agreement

CESSION. 23.1 20.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 20.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 2 contracts

Sources: Master Agreement, Master Agreement

CESSION. 23.1 30.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 30.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 2 contracts

Sources: Master Agreement, Master Agreement

CESSION. 23.1 27.1 Upon written notice to the SupplierSupplier and/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 27.2 The SupplierSupplier and/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 1 contract

Sources: Master Agreement

CESSION. 23.1 21.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 21.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 1 contract

Sources: Master Agreement

CESSION. 23.1 24.1 Upon written notice to the Supplier/Service Provider, Transnet shall be entitled: a) 24.1.1 to appoint Transnet’s financier of the Goods/Services as first payer under this Agreement, without transferring the ultimate responsibility for payment which will remain with Transnet; and b) 24.1.2 to cede, assign and transfer its right, title and interest in the Goods/Services to such financier as part of the funding consideration for the Goods/Services. 23.2 24.2 The Supplier/Service Provider is not entitled to cede, delegate, assign, Subcontract or in any other manner dispose of any of its rights or obligations in terms of this Agreement without the prior written consent of Transnet, which consent shall not be withheld or delayed unreasonably.

Appears in 1 contract

Sources: Master Agreement