Common use of Operator’s Assignment Clause in Contracts

Operator’s Assignment. Upon written notice to Owner, Operator shall be entitled at any time, without the consent of Owner to: (a) cede, assign and delegate its rights and obligations under this Agreement to which it is a Party, to any company which, directly or indirectly, is wholly owned by Operator provided that any such assignee shall agree in writing to be bound to the provisions of this Agreement (“Successor”); provided, however, in the event of any such assignment to a Successor, such assigning Manager shall nevertheless continue to be liable for such Successor’s obligations under this Agreement; and/or (b) assign its right, conditionally or otherwise, to receive payments under this Agreement.