Nonassignable Rights definition

Nonassignable Rights means, without limitation, any outstanding contracts, sales orders or purchase orders, inventories, machinery, equipment, tools, instruments, warranties, claims, permits, certificates, licenses, sublicenses, Intellectual Property, approvals and other authorizations of all Governmental Authorities, insurance claims, security devices or systems, accounts and notes receivable, trade secrets, inventions, know-how, formulae and computer software that cannot be assigned without the consent of a person, entity or Governmental Authority that is not a party to this Agreement.
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Examples of Nonassignable Rights in a sentence

  • All costs and expenses incurred by Seller in carrying out the foregoing clauses (i) and (ii) will be paid by Seller; provided, that, Purchaser will be responsible for obligations and liabilities relating to such Nonassignable Rights as if they had been transferred or assigned to Purchaser in accordance with the terms of this Agreement.

  • Nothing in this Agreement shall be construed as an assignment of, or an attempt to assign to Purchasers, any Assigned Contract which, as a matter of law or by its terms, is (i) not assignable, or (ii) not assignable without the approval or consent of the issuer thereof or the other party or parties thereto without first obtaining such approval or consent (collectively, the "Nonassignable Rights").

  • Notwithstanding --------------------------------------------- anything to the contrary contained herein, Seller shall not be obligated to assign to Buyer any rights or obligations in, to or under any of the Nonassignable Rights without first having obtained all consents, approvals or waivers necessary for such assignment; provided, however, that Seller shall use -------- ------- its commercially reasonable efforts to obtain all such consents, approvals and waivers.