Method for Assignment Sample Clauses
The "Method for Assignment" clause defines the procedures and requirements for transferring rights or obligations under a contract from one party to another. Typically, this clause outlines whether assignments are permitted, if prior written consent is needed, and any exceptions or conditions that apply. For example, it may specify that a party cannot assign the agreement without the other party's approval, or it may allow assignment in connection with a merger or sale of assets. The core function of this clause is to control and clarify how contractual interests can be transferred, thereby protecting the parties from unwanted or unauthorized changes in the agreement's participants.
Method for Assignment. Any assignment permitted under this Warrant shall be made by surrender of this Warrant to the Company at its principal office with the form of assignment attached hereto duly executed and funds sufficient to pay any transfer tax. In such event, the Company shall, without charge, execute and deliver a new Warrant in the name of the assignee designated in such instrument of assignment and this Warrant shall promptly be canceled. This Warrant may be divided or combined with other Warrants that carry the same rights upon presentation thereof at the corporate office of the Company together with a written notice signed by the Holder, specifying the names and denominations in which such new Warrants are to be issued.
Method for Assignment. Any assignment permitted under this Option shall be made by surrender of this Option to the Company at its principal office with the form of assignment attached hereto duly executed and funds sufficient to pay any transfer tax. In such event, the Company shall, without charge, execute and deliver a new Option in the name of the assignee designated in such instrument of assignment and this Option shall promptly be canceled. This Option may be divided or combined with other Options that carry the same rights upon presentation thereof at the corporate office of the Company together with a written notice signed by the Holder, specifying the names and denominations in which such new Options are to be issued.
Method for Assignment. Any assignment permitted under this Option shall be made by surrender of this Option to the Grantor at his principal office with the form of assignment attached hereto duly executed and funds sufficient to pay any transfer tax. In such event, the Grantor shall, without charge, execute and deliver a new Option in the name of the assignee designated in such instrument of assignment and this Option shall promptly be canceled. This Option may be divided or combined with other Options which carry the same rights upon presentation thereof at the corporate office of the Company together with a written notice signed by the Holders, specifying the names and denominations in which such new Options are to be issued.