Common use of IN-INTEREST Clause in Contracts

IN-INTEREST. The rights granted pursuant to the Formal Agreement and/or any other location’s agreement pursuant to Article IV of the Formal Agreement may be assigned to any successor owner of a Theme Park containing the Xx. Xxxxx Elements and shall inure to the benefit of any such successor owner of such Theme Park; provided, however, that no such assignment shall relieve MCA, INC. of its obligations under the Formal Agreement unless such assignment is to a party or guarantor that Xx. Xxxxx Enterprises reasonably approves as being financially responsible and able to assume the obligations in connection with such Theme Park. Successor parties or guarantors may make subsequent assignments to new parties or guarantors, subject to the foregoing procedure.

IN-INTEREST. The rights granted pursuant to the Formal Agreement and/or any other location’s 's agreement pursuant to Article IV of the Formal Agreement may be assigned to any successor owner of a Theme Park containing the Xx. Xxxxx Elements and shall inure to the benefit of any such successor owner of such Theme Park; provided, however, that no such assignment shall relieve MCA, INC. of its obligations under the Formal Agreement unless such assignment is to a party or guarantor that Xx. Xxxxx Enterprises reasonably approves as being financially responsible and able to assume the obligations in connection with such Theme Park. Successor parties or guarantors may make subsequent assignments to new parties or guarantors, subject to the foregoing procedure.