Legal succession. (1) Either Party shall be authorised to assign the rights and obligations under this Master Agreement to a third party. The prior consent of the other Party shall be required for any such assignment. Said consent shall be denied only if the third party cannot reliably guarantee that this Master Agreement will be fulfilled or if there is good cause to justify refusing said consent.
Legal succession. 1. The Contractual Partner shall be entitled, with the consent of the other Contractual Partner, to assign the entire contractual relationship or singular contracted Storage Capacities according to Appendix A, consisting of Working Gas Capacity, Injection and Withdrawal Rate, with the associated rights and obligations arising from this Agreement to a third party. Consent shall be granted if the third party is reliable and creditworthy, the requirements of number 2 are met and if he accepts as mandatory all duties of the transferring Contractual Partner for himself in respect of the other Contractual Partner.
Legal succession. In cases of legal succession (e.g. where the Lead Partner changes its legal form), the Lead Partner is obliged to transfer all duties under this contract to the legal successor.
Legal succession. If a capacity contract concluded on the basis of these General Terms and Conditions is assigned to a third party, the transmission system operator shall be entitled to require a security deposit from the new system user pursuant to section IV para. 5 to 8.
Legal succession. If industrial property rights under this Agreement are licensed, the contracting party issuing the licence shall ensure when a licence is transferred, that the party taking over the industrial property right is willing to assume any burdens arising from the assignment of the industrial property rights on which the licence is based .
Legal succession. 22.1. The rights and duties arising here from may be transferred to a third party with the consent of the other contractual party. The consent may not be rejected, if the third party provides a guarantee that it is able to meet the obligations arising here from.
Legal succession. In cases of legal succession of any project beneficiary (e.g. where the Lead Beneficiary changes its legal form), this project beneficiary is obliged to transfer all duties under this contract to its legal successor.
Legal succession. All rights and obligations arising from this Lease Agreement are transferred to any legal successors by both parties. Both contractual parties irrevocably waive the right to assert (extraordinary) termination and/or termination rights based on this transfer in the event of the transfer of ownership to the leased property.
Legal succession. In the event that terranets bw assigns its tasks set out in this contract and/or in further supplementary agreements connected to this contract to a newly founded company of which it is a shareholder, the bidder, when signing this contract, declares his consent that the contractual rights and obligations, once the requirements have been met, are transferred to this company. Terranets bw shall duly inform the bidder of such a transfer. In the event that tasks are assigned to a third party, in which terranets bw does not participate directly or indirectly, the bidder shall consent to said assignment insofar as the third party in the same way as terranets bw guarantees to fulfil the contractual obligations.
Legal succession. (1) Either Party shall be authorised to assign the rights and obligations under this Master Agreement and the associated “Individual agreement for natural gas” to a third party. The consent of the other Party shall be required for any such assignment. Said consent shall be denied only if the third party cannot reliably guarantee that this Master Agreement and the associated “Individual agreement for natural gas” will be fulfilled or if there is cause to justify refusing said consent.
