Common use of Personal Agreement Clause in Contracts

Personal Agreement. This Agreement shall be binding on the parties hereto. No assignment by Manager shall be effective for any purpose without the written consent and approval of Owner; PROVIDED, however, that notwithstanding the foregoing provisions of this Section L, Manager shall have the right to assign its rights and obligations under this Agreement without Owner's prior consent to any Affiliate of WHL as long as the transferee Person assumes the obligations and liabilities of Manager hereunder from and after the effective date of such transfer. The transfer of an interest in Manager or any constituent partner of Manager shall not be deemed an assignment of this Agreement so long as WHL continues to own, directly or indirectly, at least a 50% voting and economic interest in Manager. Upon any such transfer, Manager shall be released from all liabilities arising hereunder from and after the effective date of such transfer. Manager agrees that it will not subcontract all or substantially all of its management responsibilities under this Agreement, except to an Affiliate of WHL, without the written consent and approval of Owner. Any attempted assignment or sub-contract in violation of the provisions of this Section L shall be void AB INITIO.