Common use of Owner’s Assignment Clause in Contracts

Owner’s Assignment. Subject to GSV’s rights under this Agreement, Owner shall have the right to assign, convey, encumber, or sell all or any part of its interest in this Agreement or the Property. No change in ownership of Owner's interest in the Property shall affect GSV's obligations under this Agreement unless and until Owner delivers and GSV receives copies of the documents which demonstrate the change in ownership of Owner's interest. Until GSV receives Owner's notice and the documents required to be delivered under this Section, GSV may continue to make all payments under this Agreement as if the transfer of Owner's ownership interest had not occurred. No division of Owner's ownership as to all or any part of the Property shall enlarge GSV's obligations or diminish GSV's rights under this Agreement.