Cross Assignments Clause Samples
The Cross Assignments clause governs the ability of parties to transfer or assign their rights and obligations under an agreement to third parties. Typically, this clause outlines whether assignments are permitted, require prior written consent, or are restricted altogether, and may specify exceptions such as assignments to affiliates or in connection with a merger or sale of business. Its core practical function is to provide clarity and control over changes in contractual relationships, preventing unwanted or unapproved transfers that could affect the interests or risk exposure of the original parties.
Cross Assignments. The Region shall provide CFI with not fewer than 90 days advance written notice of its decision and provide to CFI the opportunity to meet and confer regarding the impacts of the decision prior to the implementation of the decision. The Region shall not implement its decision to utilize Video Remote Interpreting for spoken language prior to December 31, 2014. The scope of the meet and confer over the impacts of the above decisions shall include but not necessarily be limited to the following:
Cross Assignments. Employees may be given notice of opportunities to interview for Internal Assignments within the 20th Circuit Court at the discretion of the Employer.
Cross Assignments. Cross Panel assignments shall be made only by mutual agreement of the Teacher and principal of the school. It is understood that the provisions of the Collective Agreement will apply and that there will be an equal exchange between panels.
Cross Assignments. Within 30 days after reaching Casing Point in the Third Test Well, Trek and Bu▇▇▇ ▇ill execute mutually acceptable cross assignments of interest as follows:
A. Trek will assign to Bu▇▇▇ ▇8% of Trek's interest in the Trek Leases, delivering an 80% net revenue interest to Bu▇▇▇. Trek and Bu▇▇▇ ▇cknowledge and agree that the Existing Trek We▇▇▇ ▇ill expressly be excluded from Trek's assignment to Bu▇▇▇.
B. ▇▇▇▇▇ ▇ill assign to Trek 52% of Burn's interest in the Bu▇▇▇ ▇ease, delivering an 80% net revenue interest to Trek.
C. Even though cross-assignments will not be made until reaching Casing Point in the Third Test Well, the parties agree to immediately proceed with distributions of proceeds from any production from the Initial Test Well and/or the Second Test Well on the same basis as will be provided for in the cross assignments. The distribution to be made to Bu▇▇▇ ▇hall be deposited into the Special Drilling Account as called for above, and shall be used to provide any requisite funding for drilling the Commitment We▇▇▇ ▇o Casing Point.
D. All assignments will be made without warranty of title.