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"type": "definition", "offset": [4402, 4420]}, {"key": "notice-provided", "type": "clause", "offset": [4460, 4475]}, {"key": "all-notices", "type": "definition", "offset": [4522, 4533]}, {"key": "collateral-trust-agreement", "type": "clause", "offset": [4645, 4671]}], "snippet": "Neither party shall assign or otherwise transfer its rights or obligations hereunder or any interest herein to any other Person or any of its other branches or offices without the prior written consent of the other party to this Agreement and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, unless the assignment or transfer by the Seller is pursuant to Section 5 or Section 6 and provided that:\n(a) the Seller gives the Buyer 10 Business Days\u2019 prior written notice of the assignment or transfer;\n(b) the assignee or transferee meets the criteria set forth in Section 5(a) or Section 6(b)(i), as the case may be;\n(c) the credit policies of the Buyer or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac at the time would permit the Buyer to purchase an interest rate cap from the assignee or transferee without credit support;\n(d) a Termination Event does not occur as a result of such transfer;\n(e) on or prior to the effective date of the transfer, this Agreement (including, without limitation, any Tax covenants (if any) in Exhibit B to this Agreement) and all other related documents shall have been amended to reflect the transfer in a manner reasonably satisfactory to Buyer; and\n(f) on or prior to the effective date of the transfer, Seller shall have agreed in writing to indemnify and hold harmless Buyer in a manner reasonably satisfactory to Buyer from and against any adverse tax consequences and any related fees, expenses and other losses resulting from the transfer, subject to the following conditions: (i) notwithstanding Seller\u2019s duty to indemnify Buyer, Buyer shall at all times retain sole control and decision-making authority with regard to any tax issues affecting Buyer or related litigation arising from or in connection with said transfer; and (ii) such indemnification shall be made as such expenses are incurred by Buyer and at such time as Buyer is required to pay any such tax liability, provided that Seller shall not be required to make such indemnification until five Business Days after it bas received written notice from Buyer of expenses or liabilities for which Buyer seeks reimbursement. Any purported transfer in violation of this Section shall be void. The parties are acting for purposes of this Agreement through their respective branches or offices specified in Exhibit A. The Seller shall not unreasonably withhold its consent to an assignment or transfer proposed by the Buyer, or by any subsequent assignee or transferee of the Buyer, if the Seller would be entitled to make the payments it is required to make pursuant to Section 2 to the proposed assignee or transferee lawfully and without withholding for or on account of Taxes and the proposed assignee or transferee assumes the obligations of the Buyer under the Tax covenants (if any) of the Buyer in Exhibit B to this Agreement to the satisfaction of the Seller and if the proposed assignee or transferee provides all information (if any) necessary for Seller to comply with any applicable money laundering \u201cknow your customer\u201d or government regulations, including but not limited to regulations under the \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 Wall Street Reform and Consumer Protection Act. Notwithstanding the provisions of this Section 15 to the contrary, the Seller consents to the Buyer\u2019s grant of a security interest herein to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, its successors and a Permitted Assign. The Buyer and Seller agree that \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac may exercise the rights of the Buyer hereunder from time to time, and Buyer agrees that the Seller (i) may rely conclusively on the written instructions of \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac or a Permitted Assign to Seller made pursuant to this Agreement, (ii) has no duty to investigate or verify such written instructions, and (iii) shall not be liable for any actions taken in accordance with such written instructions except actions involving Seller\u2019s own gross negligence or willful misconduct. Seller shall be helfl harmless and shall be fully indemnified by the Buyer, from and against any and all claims, other than those arising out of the gross negligence or willful misconduct of the Seller, from and against any damages, penalties, judgments, liabilities, losses or expenses (including attorney\u2019s fees and disbursements) reasonably incurred by the Seller as a result of the assertion of any claim, by any person or entity, arising out of, or otherwise related to, any action taken or omitted to be taken by the Seller in reliance upon assignment of the security interest in the Rate Cap Agreement to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac, or any instructions or notice provided by \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac or its servicer, or the Buyer. 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The parties hereto expressly recognize this Agreement to be a \u201cPersonal Services Agreement,\u201d and Owner relies expressly on the personal abilities of Contractor. Any whole or partial sale of stock or assets of Contractor shall be deemed an assignment hereunder, and Owner may terminate this Agreement immediately at its option upon any such assignment or sale, or attempted assignment or sale of stock or assets of Contractor or upon the subcontracting of this Agreement or any portion thereof; provided, however, if Contractor is responsible for the transportation of coal under this Agreement, nothing contained in this paragraph shall prevent or prohibit Contractor from subcontracting in the usual way the transportation of coal hereunder. In the event Owner consents to one or more assignments or subcontracts pertaining to this Agreement, such consent shall not be construed as waiving the requirements of obtaining written consent to additional assignments or subcontracts pertaining to this Agreement, nor shall any consent to assignment or subcontract relieve Contractor of any of its obligations made hereunder or herewith.", "samples": [{"hash": "lEOo0vm0h6w", "uri": "/contracts/lEOo0vm0h6w#nonassignment", "label": "Contract Mining Agreement (Foresight Energy LP)", "score": 23.3504447937, "published": true}, {"hash": "jznA1qF2Nwd", "uri": "/contracts/jznA1qF2Nwd#nonassignment", "label": "Contract Mining Agreement (Foresight Energy LP)", "score": 23.3504447937, "published": true}, {"hash": "fcUbCiaTqin", "uri": "/contracts/fcUbCiaTqin#nonassignment", "label": "Contract Mining Agreement (Foresight Energy LP)", "score": 23.3504447937, "published": true}], "hash": "7d1dab5a480fa2d06a0030b528bbd697", "id": 8}, {"size": 186, "snippet_links": [{"key": "contractor-shall", "type": "clause", "offset": [0, 16]}, {"key": "this-agreement", "type": "clause", "offset": [28, 42]}, {"key": "written-consent-of-the-county", "type": "clause", "offset": [61, 90]}], "snippet": "CONTRACTOR shall not assign this agreement without the prior written consent of the COUNTY.", "samples": [{"hash": "QAlFnP52nU", "uri": "/contracts/QAlFnP52nU#nonassignment", "label": "Independent Contractor Agreement", "score": 33.1467170715, "published": true}, {"hash": "aKA1A16JxH", "uri": "/contracts/aKA1A16JxH#nonassignment", "label": "Consultant Engineering Services Agreement", "score": 32.7433052063, "published": true}, {"hash": "8Wwzp7ZPAld", "uri": "/contracts/8Wwzp7ZPAld#nonassignment", "label": "Design Engineering Services Agreement", "score": 32.6069831848, "published": true}], "hash": "bc1da948ec8530fe60232ea6840b0235", "id": 1}, {"size": 11, "snippet_links": [{"key": "entered-into", "type": "clause", "offset": [24, 36]}, {"key": "the-personal", "type": "clause", "offset": [48, 60]}, {"key": "qualifications-of-consultant", "type": "clause", "offset": [87, 115]}, {"key": "party-to-this-agreement", "type": "clause", "offset": [125, 148]}, {"key": "in-the-agreement", "type": "clause", "offset": [175, 191]}, {"key": "consultant-shall", "type": "clause", "offset": [221, 237]}, {"key": "monies-due", "type": "clause", "offset": [253, 263]}, {"key": "consent-of-city", "type": "clause", "offset": [323, 338]}], "snippet": "This Agreement has been entered into based upon the personal reputation, expertise and qualifications of Consultant. Neither party to this Agreement shall assign its interest in the Agreement, either in whole or in part. 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Employee shall not hypothecate, delegate, encumber, alienate, transfer or otherwise dispose of Employee's rights and duties hereunder. This Agreement shall not be assigned by the Company without the prior written consent of Employee.", "samples": [{"hash": "lb1CZlPuzCf", "uri": "/contracts/lb1CZlPuzCf#nonassignment", "label": "Employment Agreement (Paragon Trade Brands Inc)", "score": 18.0, "published": true}, {"hash": "jkGW3g3qL8F", "uri": "/contracts/jkGW3g3qL8F#nonassignment", "label": "Employment Agreement (Paragon Trade Brands Inc)", "score": 18.0, "published": true}, {"hash": "j7iU7ELoW3K", "uri": "/contracts/j7iU7ELoW3K#nonassignment", "label": "Employment Agreement (Paragon Trade Brands Inc)", "score": 18.0, "published": true}], "hash": "59935196482ffc87c043939255064b9e", "id": 3}, {"size": 13, "snippet_links": [{"key": "party-to-this-agreement", "type": "clause", "offset": [8, 31]}, {"key": "in-the-agreement", "type": "clause", "offset": [58, 74]}, {"key": "contractor-shall", "type": "clause", "offset": [104, 120]}, {"key": "monies-due", "type": "clause", "offset": [136, 146]}, {"key": "consent-of-city", "type": "clause", "offset": [206, 221]}], "snippet": "Neither party to this Agreement shall assign its interest in the Agreement, either in whole or in part. Contractor shall not assign any monies due or to become due to it hereunder without the prior written consent of City.", "samples": [{"hash": "bk9qSpgh5yb", "uri": "/contracts/bk9qSpgh5yb#nonassignment", "label": "Cooperative Purchasing Agreement", "score": 31.6142196655, "published": true}, {"hash": "koi3at7ziFe", "uri": "/contracts/koi3at7ziFe#nonassignment", "label": "Agreement for Chip Sealing of City Streets", "score": 20.2153918474, "published": true}, {"hash": "dVlAovcLPw9", "uri": "/contracts/dVlAovcLPw9#nonassignment", "label": "Agreement for Application of Tire Rubber Modified Surface Seal", "score": 20.2153918474, "published": true}], "hash": "110ae553f051a326e19e30a2410aa697", "id": 7}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZub25hc3NpZ25tZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 720, "parents": [["miscellaneous", "Miscellaneous"], ["general-provisions", "General Provisions"], ["termination", "Termination"], ["general", "General"], ["administration-and-governance", "Administration and Governance"]], "title": "NONASSIGNMENT", "children": [["transferee-information-required", "Transferee Information Required"], ["", ""], ["landlords-consent-required", "Landlord's Consent Required"], ["insurance", "INSURANCE"], ["duties", "DUTIES"]], "id": "nonassignment", "related": [["nonassumption", "Nonassumption", "Nonassumption"], ["assignment", "Assignment", "Assignment"], ["trademark-assignment", "Trademark Assignment", "Trademark Assignment"], ["subletting-assignment", "Subletting Assignment", "Subletting Assignment"], ["assignment-subletting", "Assignment/Subletting", "Assignment/Subletting"]], "related_snippets": [], "updated": "2025-07-24T04:27:57+00:00", "also_ask": ["What exceptions, if any, should be negotiated into a nonassignment clause?", "How can a nonassignment clause be drafted to maximize enforceability in court?", "What are the most common legal pitfalls or loopholes in nonassignment provisions?", "How do nonassignment clauses differ in enforceability across key jurisdictions?", "What are the strategic risks if a nonassignment clause is omitted or weakly drafted?"], "drafting_tip": "Specify prohibited assignments, identify permitted exceptions, and require written consent for transfers to prevent unauthorized delegation and ensure clarity of obligations.", "explanation": "The Nonassignment clause prohibits either party from transferring their rights or obligations under the contract to another party without prior consent. In practice, this means that if one party wishes to sell, delegate, or otherwise assign their interests in the agreement, they must first obtain written approval from the other party. This clause ensures that both parties maintain control over who they are contractually bound to, thereby preventing unwanted or unapproved third parties from becoming involved in the agreement."}, "json": true, "cursor": ""}}