Assignment Restrictions definition
Assignment Restrictions means, with respect to any contracts or agreements assigned to the Agent, on behalf of the Lenders, as Collateral by the Borrower or any Subsidiary, any restriction or prohibition on assignment that has not been waived or consented to by the Person for whose benefit such restriction or prohibition exists with respect to which the Agent has waived the requirement of such waiver or consent.
Assignment Restrictions means (i) with respect to any contracts or agreements assigned to the Agent, on behalf of the Lenders, as Collateral by the Borrower or any of its Subsidiaries, any restriction or prohibition on assignment that has not been waived or consented to by the Person for whose benefit such restriction or prohibition exists; provided that such restriction or prohibition will not be permitted if the Agent has required such waiver or consent, such requirement of waiver or consent not to unreasonably interfere with the ordinary course of business of the Borrower and its Subsidiaries and may only be required with respect to a material contract, and (ii) with respect to Medicare, Medicaid and MediCal accounts receivable, assignment restrictions as provided in the Medicare Regulations, the Medicaid Regulations and the MediCal Regulations.
Examples of Assignment Restrictions in a sentence
RIGHT OF FIRST REFUSAL 31 15.1 ROFR Notice 31 15.2 Response to ROFR Notice 31 15.3 Timing of Transfer; Change of Terms 32 15.4 Termination of Right 32 15.5 Valuation 32 15.6 Transfer Defined 32 15.7 Right of First Refusal Exercised 32 15.8 No Waiver of Assignment Restrictions 32 ARTICLE 16.
Assignment; Restrictions on Transfer; No Third Party Beneficiaries...............
Assignment Restrictions ----------------------- The Licensee Corporation may not, without the prior, written authorization from the Grantor, transfer or assign the band allocated to any Person.