Common use of Prohibited Assignments Clause in Contracts

Prohibited Assignments. Except as otherwise provided, without the consent of all other Venturers, no interest in this Venture or rights under this Agreement may be sold, assigned, transferred, mortgaged, encumbered, hypothecated, or disposed of in any manner; and except as so provided, any attempt to take any such action and such purported sale, assignment, transfer, mortgage encumbrance, hypothecation or other disposition shall be void.

Appears in 5 contracts

Samples: Joint Venture Agreement (Performance Asset Management Co), Joint Venture Agreement (Performance Asset Management Co), Joint Venture Agreement (Performance Asset Management Co)

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Prohibited Assignments. Except as otherwise provided, without Without the consent of all other Venturers, no interest in this Joint Venture or rights under this Agreement may be sold, assigned, transferred, mortgaged, encumbered, hypothecated, or disposed of in any manner; and except as so provided, any attempt to take any such action and any such purported sale, assignment, transfer, mortgage encumbrance, hypothecation or other disposition shall be void.

Appears in 1 contract

Samples: Joint Venture Agreement (Performance Asset Management Co)

Prohibited Assignments. Except as otherwise provided, without Without the consent of all other Venturers, no interest in this Joint Venture or rights under this Agreement may be sold, assigned, transferred, mortgaged, encumbered, hypothecated, or disposed of in any manner; and except as so provided, any attempt to take any such action and such purported sale, assignment, transfer, mortgage encumbrance, hypothecation or other disposition shall be void.attempt

Appears in 1 contract

Samples: Joint Venture Agreement (Performance Asset Management Co)

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Prohibited Assignments. Except as otherwise provided, without the consent of all other Venturers, no interest in this Joint Venture or rights under this Agreement may be sold, assigned, transferred, mortgaged, encumbered, hypothecated, or disposed of in any manner; and except as so provided, any attempt to take any such action and any such purported sale, assignment, transfer, mortgage encumbrance, hypothecation or other disposition shall be void.

Appears in 1 contract

Samples: Joint Venture Agreement (Performance Asset Management Co)

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