Common use of Consents to Assignment Clause in Contracts

Consents to Assignment. To the extent that any Contract (other than a Material Contract) identified in the Schedules is not capable of being sold, assigned, transferred, delivered or subleased without the waiver or consent of any third person (including a government or governmental unit), or if such sale, assignment, transfer, delivery or sublease or attempted sale, assignment, transfer, delivery or sublease would constitute a breach thereof or a violation of any law or regulation, this Agreement and any assignment executed pursuant hereto shall not constitute a sale, assignment, transfer, delivery or sublease or an attempted sale, assignment, transfer, delivery or sublease thereof. In those cases where consents, assignments, releases and/or waivers have not been obtained at or prior to the Closing Date to the transfer and assignment to the other party of the Contracts, this Agreement and any assignment executed pursuant hereto, to the extent permitted by law, shall constitute an equitable assignment by the assigning party to the other party of all of the assigning party's rights, benefits, title and interest in and to the Contracts, and where necessary or appropriate, the other party shall be deemed to be the assigning party's agent for the purpose of completing, fulfilling and discharging all of the assigning party's rights and liabilities arising after the Closing Date under such Contracts. The assigning party shall use all reasonable efforts to provide the other party with the benefits of such Contracts (including permitting the other party to enforce any rights of the assigning party arising under such Contracts), and the other party shall, to the extent the assigning party is provided with the benefits of such Contracts, assume, perform and in due course pay and discharge all debts, obligations and liabilities of the assigning party under such Contracts.

Appears in 2 contracts

Samples: Asset Exchange Agreement (SFX Broadcasting Inc), Asset Exchange Agreement (SFX Broadcasting Inc)

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Consents to Assignment. To the extent that any Contract (other than a Material Contract) identified ---------------------- in the Schedules is not capable of being sold, assigned, transferred, delivered or subleased without the waiver or consent of any third person (including a government or governmental unit), or if such sale, assignment, transfer, delivery or sublease or attempted sale, assignment, transfer, delivery or sublease would constitute a breach thereof or a violation of any law or regulation, this Agreement and any assignment executed pursuant hereto shall not constitute a sale, assignment, transfer, delivery or sublease or an attempted sale, assignment, transfer, delivery or sublease thereof. In those cases where consents, assignments, releases and/or waivers have not been obtained at or prior to the Closing Date to the transfer and assignment to the other party Buyer of the Contracts, this Agreement and any assignment executed pursuant hereto, to the extent permitted by law, shall constitute an equitable assignment by the assigning party Seller to the other party Buyer of all of the assigning partySeller's rights, benefits, title and interest in and to the Contracts, and where necessary or appropriate, the other party Buyer shall be deemed to be the assigning partySeller's agent for the purpose of completing, fulfilling and discharging all of the assigning partySeller's rights and liabilities arising after the Closing Date under such Contracts. The assigning party Seller shall use all reasonable its best efforts to provide the other party Buyer with the financial and business benefits of such Contracts (including including, without limitation, permitting the other party Buyer to enforce any rights of the assigning party Seller arising under such Contracts), and the other party Buyer shall, to the extent the assigning party Buyer is provided with the benefits of such Contracts, assume, perform and in due course pay and discharge all debts, obligations and liabilities of the assigning party Seller under such ContractsContracts to the extent that Buyer was to assume those obligations pursuant to the terms hereof.

Appears in 2 contracts

Samples: Assets Purchase Agreement (Radio One Inc), Assets Purchase Agreement (Radio One Inc)

Consents to Assignment. To the extent that any Contract (other than a Material Contract) identified in the Schedules is not capable of being sold, assigned, transferred, delivered or subleased without the waiver or consent of any third person (including a government or governmental unit), or if such sale, assignment, transfer, delivery or sublease or attempted sale, assignment, transfer, delivery or sublease would constitute a breach thereof or a violation of any law or regulation, this Agreement and any assignment executed pursuant hereto shall not constitute a sale, assignment, transfer, delivery or sublease or an attempted sale, assignment, transferoffer, delivery or sublease thereof. In Subject to the provisions of Section 11.5, in those cases where consents, assignments, releases and/or waivers have not been obtained at or prior to the Closing Date relating to the transfer and assignment to the other party RBI of the Contracts, this Agreement and any assignment executed pursuant hereto, to the extent permitted by law, shall constitute an equitable assignment by the assigning party Seller to the other party RBI of all of the assigning partySeller's rights, benefits, title and interest in and to the Contracts, and where necessary or appropriate, the other party RBI shall be deemed to be the assigning partySeller's agent for the purpose of completing, fulfilling and discharging all of the assigning partySeller's rights and liabilities arising after the Closing Date under such Contracts. The assigning party Seller shall use all its reasonable best efforts to provide the other party RBI with the financial and business benefits of such Contracts (including including, without limitation, permitting the other party RBI to enforce any rights of the assigning party Seller arising under such Contracts), and the other party RBI shall, to the extent the assigning party RBI is provided with the benefits of such Contracts, assume, perform and in due course pay and discharge all debts, obligations and liabilities of the assigning party Seller under such ContractsContracts to the extent that RBI was to assume those obligations pursuant to the terms hereof.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Regent Communications Inc), Asset Purchase Agreement (Regent Communications Inc)

Consents to Assignment. To the extent that any Contract (other than a Material Contract) identified in the Schedules Station Agreement is not capable of being sold, assigned, transferred, delivered or subleased without the waiver or consent of any third person (including a government or governmental unit), or if such sale, assignment, transfer, delivery or sublease or attempted sale, assignment, transfer, delivery or sublease would constitute a breach thereof or a violation of any law or regulation, this Agreement and any assignment executed pursuant hereto thereto shall not constitute a sale, an assignment, transfer, delivery or sublease or an attempted sale, assignment, transfer, delivery or sublease thereof. In those cases where consents, assignments, releases and/or waivers have not been obtained at or prior to the Closing Commencement Date to the transfer and assignment to the other party Broker of the Contractsany Station Agreement, this Agreement and any assignment executed pursuant hereto, to the extent permitted by law, shall constitute an equitable assignment by the assigning party Licensee to the other party Broker of all of the assigning partyLicensee's rights, benefits, title and interest in and to the ContractsStation Agreements, and where necessary or appropriate, the other party Broker shall be deemed to be the assigning partyLicensee's agent for the purpose of completingcompletion, fulfilling and discharging all of the assigning partyLicensee's rights and liabilities arising after the Closing Commencement Date under such ContractsStation Agreements. The assigning party Licensee shall use all its reasonable best efforts to provide the other party Broker with the financial and business benefits of such Contracts Station Agreements (including including, without limitation, permitting the other party Broker to enforce any rights of the assigning party licensee arising under such ContractsStation Agreements), and the other party Broker shall, to the extent the assigning party Broker is provided with the benefits of such ContractsStation Agreements, assume, perform and in due course pay and discharge all debts, obligations and liabilities of the assigning party Licensee under such ContractsStation Agreements to the extent that Broker was to assume those obligations pursuant to the terms hereof.

Appears in 1 contract

Samples: Time Brokerage Agreement (Regent Communications Inc)

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Consents to Assignment. To the extent that any non-Material Contract (other than a Material Contract) identified in the Schedules is not capable of being sold, assigned, transferred, delivered or subleased without the waiver or consent of any third person (including a government or governmental unit), or if such sale, assignment, transfer, delivery or sublease or attempted sale, assignment, transfer, delivery or sublease would constitute a breach thereof or a violation of any law or regulation, this Agreement and any assignment executed pursuant hereto shall not constitute a sale, assignment, transfer, delivery or sublease or an attempted sale, assignment, transferoffer, delivery or sublease thereof. In Subject to the provisions of Section 11.5, in those cases where consents, assignments, releases and/or waivers have not been obtained at or prior to the Closing Date relating to the transfer and assignment to the other party RBI of the Contracts, this Agreement and any assignment executed pursuant hereto, to the extent permitted by law, shall constitute an equitable assignment by the assigning party Seller to the other party RBI of all of the assigning partySeller's otherwise transferable rights, benefits, title and interest in and to the Contracts, and where necessary or appropriate, the other party RBI shall be deemed to be the assigning partySeller's agent for the purpose of completing, fulfilling and discharging all of the assigning partySeller's rights and liabilities arising after the Closing Date under such Contracts. The assigning party Seller shall use all its commercially reasonable efforts to provide the other party RBI with the financial and business benefits of such Contracts (including including, without limitation, permitting the other party RBI to enforce any rights of the assigning party Seller arising under such Contracts), and the other party RBI shall, to the extent the assigning party RBI is provided with the benefits of such Contracts, assume, perform and in due course pay and discharge all debts, obligations and liabilities of the assigning party Seller under such ContractsContracts to the extent that RBI was to assume those obligations pursuant to the terms hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Regent Communications Inc)

Consents to Assignment. To the extent that any Contract (other than a Material Contract) identified in the Schedules is not capable of being sold, assigned, transferred, delivered or subleased without the waiver or consent of any third person (including a government or governmental unit), or if such sale, assignment, transfer, delivery or sublease or attempted sale, assignment, transfer, delivery or sublease would constitute a breach thereof or a violation of any law or regulation, this Agreement and any assignment executed pursuant hereto shall not constitute a sale, assignment, transfer, delivery or sublease or an attempted sale, assignment, transfer, delivery or sublease thereof. In Subject to the provisions of Section 11.6, in those cases where consents, assignments, releases and/or waivers have not been obtained at or prior to the Closing Date to the transfer and assignment to the other party Buyer of the Contracts, this Agreement and any assignment executed pursuant hereto, to the extent permitted by law, shall constitute an equitable assignment by the assigning party Seller to the other party Buyer of all of the assigning partySeller's rights, benefits, title and interest in and to and all liabilities under the Contracts, and where necessary or appropriate, the other party Buyer shall be deemed to be the assigning partySeller's agent for the purpose of completing, fulfilling and discharging all of the assigning partySeller's rights and liabilities arising after the Closing Date under such Contracts. The assigning party Seller shall use all reasonable efforts to provide the other party Buyer with the financial and business benefits of such Contracts (including including, without limitation, permitting the other party Buyer to enforce any rights of the assigning party Seller arising under such Contracts), and the other party Buyer shall, to the extent the assigning party Buyer is provided with the benefits of such Contracts, assume, perform and in due course pay and discharge all debts, obligations and liabilities of the assigning party Seller under such ContractsContracts to the extent that Buyer was to assume those obligations pursuant to the terms hereof.

Appears in 1 contract

Samples: Assets Purchase Agreement (American Radio Systems Corp /Ma/)

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