Common use of Nonassignable Assets Clause in Contracts

Nonassignable Assets. (a) Nothing in this Agreement nor the consummation of the Contemplated Transactions shall be construed as an attempt or agreement to assign or transfer any Transferred Asset to the Purchaser which by its terms or by any Law is not assignable or transferable without a consent or approval of any Governmental Authority or other third party or satisfaction of any other condition or is cancelable by a third party in the event of an assignment or transfer (a “Nonassignable Asset”), unless and until such consent or approval shall have been obtained or condition satisfied.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (Scholastic Corp), Stock and Asset Purchase Agreement (Houghton Mifflin Harcourt Co)

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Nonassignable Assets. (a) Nothing in this Agreement nor the consummation of the Contemplated Transactions transactions contemplated hereby shall be construed as an attempt or agreement to assign or transfer any Transferred Asset to the applicable Purchaser which by its terms or by any Law Legal Requirement is not assignable or transferable without a consent Consent or approval of any Governmental Authority or other third party or satisfaction of any other condition or is cancelable by a third party in the event of an assignment or transfer (a “Nonassignable Asset”), unless and until such consent Consent or approval shall have been obtained or condition satisfied.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ronson Corp)

Nonassignable Assets. (a) Nothing in this Agreement Agreement, nor the consummation of the Contemplated Transactions transactions contemplated hereby, shall be construed as an attempt or agreement to assign or transfer any Transferred Conveyed Asset (including any Assumed Contract) to the Purchaser which by its terms or by any Law is not assignable or transferable nonassignable without the consent of a consent or approval of any Governmental Authority or other third party or satisfaction of any other condition or is cancelable by a third party in the event of an assignment or transfer (a “Nonassignable Asset”), unless and until such consent or approval shall have been obtained or condition satisfiedobtained. To the extent permitted by applicable Law and by the terms of the applicable * Confidential Treatment Requested.

Appears in 1 contract

Samples: Purchase Agreement

Nonassignable Assets. (a) Nothing in this Agreement nor Agreement, the Bill of Sale or the consummation of the Contemplated Transactions transactions contemplated hereby or thereby shall be construed as an attempt or agreement to assign or transfer any Transferred Purchased Asset to the Purchaser Buyer which by its terms or by any Law is not assignable or transferable without a consent or approval of any Governmental Authority or other third party or satisfaction of any other condition or is cancelable by a third party in the event of an assignment or transfer (a “Nonassignable Asset”), unless and until such consent or approval shall have been obtained or condition Law satisfied.

Appears in 1 contract

Samples: Asset Purchase Agreement (Vintage Wine Estates, Inc.)

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Nonassignable Assets. (a) Nothing in this Agreement nor the consummation of the Contemplated Transactions transactions contemplated hereby shall be construed as an attempt or agreement to assign or transfer any Transferred Purchased Asset (including any Assigned Contract) to the Purchaser Buyer which by its terms or by any Law Legal Requirement is not assignable or transferable in accordance with this Agreement without a consent or approval of any Governmental Authority or other third party or satisfaction of any other condition Consent or is cancelable by a third party in the event of an assignment or transfer in accordance with this Agreement (a “Nonassignable Asset”), unless and until such consent or approval Consent shall have been obtained or condition Legal Requirement satisfied.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pultegroup Inc/Mi/)

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