Common use of Seller’s Right to Assign Clause in Contracts

Seller’s Right to Assign. Seller shall not have the right, power, or authority to assign, pledge or mortgage this Agreement or any portion of this Agreement, or to delegate any duties or obligations arising under this Agreement, voluntarily, involuntarily, or by operation of law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Arena Pharmaceuticals Inc), Purchase and Sale Agreement and Joint Escrow Instructions (Gsi Lumonics Inc)

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Seller’s Right to Assign. Seller shall not have the right, power, or authority right to assign, pledge or mortgage this Agreement or any portion of this Agreement, or therefor to delegate any duties or obligations arising under this Agreement, voluntarily, involuntarily, involuntarily or by operation of law, without Buyer's prior written consent.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)

Seller’s Right to Assign. Seller shall not have the right, power, or authority right to assign, pledge or mortgage this Agreement or any portion of this Agreement, or to delegate any duties or assign its rights and obligations arising under this Agreement, voluntarilyupon giving prior written notice to Buyer, involuntarilyto any entity controlled by Seller, or by operation provided that the assignee expressly assumes the obligations of lawSeller and the assignee demonstrates to Buyer's satisfaction that it has the financial ability to perform. No such assignment shall relieve Seller of any obligation under this Agreement.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Wellsford Residential Property Trust)

Seller’s Right to Assign. Seller shall not have the right, power, or authority to assign, pledge pledge, or mortgage this Agreement or any portion of this Agreement, or to delegate any duties or obligations arising under this Agreement, voluntarily, involuntarily, or by operation of law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Scios Inc)

Seller’s Right to Assign. Seller shall not have the right, power, or authority to assign, assign or pledge or mortgage this Agreement (other than to the Mortgage Lender, subject to the provisions of Section 11.10 hereof) or any portion of this Agreement, or to delegate any duties or obligations arising under this Agreement, voluntarily, involuntarily, or by operation of law, without Buyer's prior written consent.

Appears in 1 contract

Samples: Memorandum of Agreement (Price Reit Inc)

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Seller’s Right to Assign. Seller Sellers shall not have the right, power, or power and authority to assign, pledge or mortgage this Agreement assign all or any portion of this Agreement, Agreement or any of their rights hereunder or to delegate any duties or obligations arising under this Agreement, voluntarily, involuntarily, involuntarily or by operation of law, without Buyer's consent; provided, however, that no such assignment or delegation shall relieve Sellers of their obligations or liabilities under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apartment Investment & Management Co)

Seller’s Right to Assign. Seller shall not have the right, power, or authority to assign, pledge or mortgage this Agreement or any portion of this AgreementAgreement (except to the existing lender of record), or to delegate any duties or obligations arising under this Agreement, voluntarily, involuntarily, or by operation of law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Facebook Inc)

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