Common use of Transfers and Assignment Clause in Contracts

Transfers and Assignment. 28.1 No party shall, without the prior written consent of the other party (such consent not to be unreasonably withheld or delayed), assign, transfer or declare a trust over all or any part of its rights or obligations under this Agreement. 28.2 Each party shall be responsible for its own costs and expenses incurred in respect of any such transfer or assignment.

Appears in 4 contracts

Sources: Reinsurance Agreement, Reinsurance Agreement, Reinsurance Agreement

Transfers and Assignment. 28.1 36.1 No party Party shall, without the prior written consent of the other party Party (such consent not to be unreasonably withheld or delayed), assign, transfer or declare a trust over all or any part of its rights or obligations under this Agreement. 28.2 36.2 Each party Party shall be responsible for its own costs and expenses incurred in respect of any such transfer or assignment.

Appears in 2 contracts

Sources: Unit Linked Reinsurance Agreement, Unit Linked Reinsurance Agreement