Permitted Assignment. Neither CAW nor MCWD may assign its interest in this Agreement except in connection with the consolidation or merger of such Party into any other Person or the sale, agreement or other transfer or disposal of all or substantially all of such Party's assets in the Monterey Peninsula area (whether in one transaction or in a series of related transactions), if and only if (i) the assignee of such Party’s interest, or the corporation or other Person which results from any such consolidation, merger, acquisition, sale, agreement, transfer and/or disposition of assets, if not the transferring Party, assumes all of the transferring Party’s obligations, duties and liabilities under this Agreement; and (ii) any such assignment, consolidation, merger, acquisition, sale, transfer and/or disposition of assets would not result in a violation of any regulatory requirement applicable to any Party, including but not limited to any and all licensing requirements applicable to the Operator(s) of the Project Facilities.
Appears in 4 contracts
Samples: Water Purchase Agreement, Water Purchase Agreement, Water Purchase Agreement
