Common use of NO ASSIGNMENT/NOMINATION Clause in Contracts

NO ASSIGNMENT/NOMINATION. 21.1 The Purchaser shall not without the written consent of MBSB BANK BERHAD, be entitled to nominate a third party to be the purchaser or Assignee/Bank of the Property nor shall the Purchaser be entitled to assign his rights, title, interest and benefits under the Contract of Sale to any party. MBSB BANK BERHAD’s decision to withhold or to grant the consent or to permit or disallow nomination and/or assignment by the Purchaser shall be at the absolute discretion of MBSB BANK BERHAD.

NO ASSIGNMENT/NOMINATION. 21.1 The Purchaser shall not without the written consent of MBSB BANK BERHADMBSB, be entitled to nominate a third party to be the purchaser or Assignee/Bank Lender of the Property nor shall the Purchaser be entitled to assign his rights, title, interest and benefits under the Contract of Sale to any party. MBSB BANK BERHADMBSB’s decision to withhold or to grant the consent or to permit or disallow nomination and/or assignment by the Purchaser shall be at the absolute discretion of MBSB BANK BERHADMBSB.