Assignment by Operator. The Operator cannot Assign all or part of its rights and obligations under this agreement.
Assignment by Operator. Operator, in its sole discretion, shall have the right to assign this Agreement to any Affiliate of Operator or to any successor or assignee of Operator resulting from any merger, consolidation or reorganization, or to another corporation which shall acquire all or substantially all of the business and assets of Operator. Operator will give prompt notice to Owner of any such assignment. Operator may, with the consent of Owner not to be unreasonable delayed or withheld, assign this Agreement to any non- Affiliate. Except in the case of an assignment to an Affiliate of Operator, Operator shall be released of all of its covenants and liabilities hereunder, other than liabilities that have accrued prior to the date of the delivery of notice to Owner.
Assignment by Operator. Operator shall have the right, at any time, to assign all or any part of its rights hereunder, to an affiliated Company or a third party provided that Operator shall remain fully liable and responsible to Contractor to complete performance of all its obligations imposed by this Agreement. (BL/03/30 dated 20.04.2014)
Assignment by Operator. This Agreement may not be assigned by Operator without the prior written consent of Owner, and such consent shall not be unreasonably withheld or delayed. In the case of assignment to an Affiliate of Operator, such consent shall not be required.
Assignment by Operator. 35.1 Operator has the same right to assign this Agreement, including the rights, benefits and obligations of Operator hereunder, as Operator has to assign the Program Agreement. If a Recognized Lender or its designee succeeds to Operator’s interest under the Program Agreement in accordance with the terms thereof, such Recognized Lender or its designee shall automatically succeed to Operator’s interest under this Agreement. This Agreement shall be binding upon and inure to the benefit of the Operator named herein and the respective permitted successors and assigns of the Operator named herein.
Assignment by Operator. Operator shall not assign its rights and obligations under this Agreement without the prior approval of the Owner, which approval Owner agrees to not unreasonably withhold. After an assignment of this Agreement following receipt of approval for any assignment as provided for in the preceding sentence, Operator's liability hereunder shall terminate for any of its obligations on the date of such assignment. It is understood and agreed that any approval given by the Owner to any assignment shall not be deemed a waiver of the covenant herein contained against assignment in any subsequent case.
Assignment by Operator. 27.1 The Operator shall be entitled to assign this Agreement to any person or company who will be the operator of the Village ("the Assignee") subject to prior consultation with the Residents of the Village and obtaining the prior written approval of the Statutory Supervisor.
Assignment by Operator. Operator shall have the right to assign all its right, title and interest under this Agreement to (a) any Affiliate of it or of Sheraton, provided that (i) Operator shall remain liable for all obligations and liabilities of Operator hereunder, and (ii) such assignee enjoys the benefits of the Sheraton organization to the same degree as Operator, or (b) any successor or assignee of Operator or Sheraton which may result from any merger, consolidation or reorganization, or any other entity which acquires all or substantially all of the business and assets of Sheraton, other than any such transaction constituting a Change of Control. Operator shall have no right to assign its right, title and interest under this Agreement except as set forth in this Section 11.2.
Assignment by Operator. Operator shall not sell, transfer or assign (collectively, an “Assignment”) the Agreement or any interest therein, without the prior written consent of Subscriber, which shall not be unreasonably withheld, conditioned or delayed; provided, however, that, without the prior consent of Subscriber, Operator may (i) assign this Agreement to an Affiliate of Operator; or (ii) assign this Agreement as collateral security in connection with any financing of the System (including pursuant to a sale-leaseback transaction). In the event that Operator identifies such secured Financing Party in Schedule 5 of the applicable Special Conditions, or in a subsequent notice to Subscriber, then Subscriber shall comply with the provisions set forth in Exhibit B of these General Terms and Conditions. Any Financing Party shall be an intended third-party beneficiary of this Section 13.1. Any assignment by Operator without any required prior written consent of Subscriber shall not release Subscriber of its obligations hereunder.
Assignment by Operator. Operator may not assign its interest under this Agreement or any of its rights hereunder or assign or delegate its duties hereunder to any entity or person without the prior consent of Owner, which consent Owner may withhold in its sole and absolute discretion. Any assignment by Operator without Owner’s prior consent shall be null and void. Each of the following shall be deemed to be an assignment of this Agreement by Operator requiring Owner’s consent, as above provided: (a) the direct or indirect transfer of ten percent (10%) or more of the voting stock, general partnership interests or other equity interests in Operator, whether in a single transaction or series of transactions, (b) any material change in the individuals having operating responsibility for Operator, and (c) any other change in control of Operator; provided, however, that in the case of (a) or (b), if after the transfer or change, Sxxxxx Van will continue to own at least fifty five percent (55%) of the economic and voting interests in Operator and be the general partner, managing member or hold an equivalent position with complete control of Operator, the transfer described in (a) or change described in (b), as applicable, shall not be deemed to be an assignment of this Agreement by Operator. Any permitted assignment shall not relieve the assigning party of its liabilities and obligations under this Agreement. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
