Acquisition or Transfer Sample Clauses

Acquisition or Transfer. Upon any termination and as an alternative to ordering removal of the system, the Franchising Authority may acquire ownership of the system or effect a transfer of ownership to a third party.
Sample 1
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Acquisition or Transfer. Upon any termination and as an alternative to ordering removal of the System, the Franchising Authority may permit the Company to operate the System on terms and conditions equitable to the Company and Franchising Authority for a period of nine months in order to assure the continuation of Cable Services to Subscribers. During the first three months of such nine month period, the Company agrees that it will pursue, in good faith, the sale of the System to another cable operator reasonably acceptable to the Franchising Authority. The Franchising Authority agrees that, in good faith, it will negotiate a franchise agreement with an operator reasonably acceptable to it, or consider a request to assign this Agreement to such operator; provided, however, nothing herein shall be interpreted to require the Franchising Authority to enter into a franchise agreement with such operator or to consent to an assignment of this Agreement to the operator. If at the end of the three month period the Company has not sold the System in accordance with this Section 9.6.2, the Company shall continue to operate the System for the remaining six months of the nine month period, and the Franchising Authority may acquire ownership of the System or effect a transfer of ownership to a third party in accordance with Section 627 of the Cable Act (47 U.S.C. Sec. 547), or order removal of the System at the end of the nine month period in accordance with Section 9.6.1.
Sample 1
Acquisition or Transfer. Upon any termination and as an alternative to ordering removal of the System, the City shall have the right to, and may, in its sole discretion, acquire or effect a transfer to a third party acceptable to the City of all or any part of the System and all components thereof necessary to maintain and operate the System pursuant to the terms of this Agreement. The Company shall not be required to assign to the transferee proprietary information in the System, but shall provide, to the maximum extent feasible and practicable, a perpetual (or at least until the later of the end of the term of the Franchise or operation of the System), royalty free license to use such proprietary information, provided that no such license shall be required with respect to proprietary information that was uniquely developed for use in the Company’s and/or Affiliate’s cable systems and is not so integral to the operation of the System that the System cannot be operated on a commercially reasonable basis without such information, and provided further that the transferee shall be obligated to use all reasonable efforts to develop or acquire information to substitute for such proprietary information, and upon the development or acquisition, and use, of such substitute information, such license shall terminate.
Sample 1
Acquisition or Transfer. Upon any termination and as an alternative to ordering removal of the System, the District shall have the right to, and may, in its sole discretion and in accordance with Section 627 of the Cable Act (47 U.S.C. § 547) (or any successor thereto) and other applicable law, acquire, or effect a transfer to a third party acceptable to the District of, all or any part of the System and all components thereof necessary to maintain and operate the System pursuant to the terms of this Agreement, provided that this requirement shall apply only to those portions of the System within the District of Columbia (or outside the District of Columbia but used exclusively to serve Persons within the District of Columbia).
Sample 1

Related to Acquisition or Transfer

  • Sale or Transfer 1. In the event of a sale or transfer of a store or stores, an employee shall be allowed a seven (7) day period from the date of announcement to the employees of the sale or transfer during which time he may determine whether he wishes to stay with the seller or whether he wishes to make application for employment with the new owner or transferee. In the event the employee chooses to remain with the seller, such choice shall not be construed as any guarantee of employment over and beyond the terms of this Agreement.

  • No Sale or Transfer No Receivable has been sold, transferred, assigned or pledged by the Depositor to any Person other than the Issuer.

  • Assignment or Transfer Consultant shall not assign, hypothecate, or transfer, either directly or by operation of law, this Agreement or any interest herein without the prior written consent of the City. Any attempt to do so shall be null and void, and any assignees, hypothecates or transferees shall acquire no right or interest by reason of such attempted assignment, hypothecation or transfer.

  • Merger, Consolidation or Sale of All or Substantially All Assets (a) Except as otherwise provided in Section 5.01(c) of the Indenture, the Guaranteeing Subsidiary may not consolidate or merge with or into or wind up into (whether or not an Issuer or Guaranteeing Subsidiary is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one or more related transactions, to any Person unless:

  • Merger or Transfer of Assets The Trading Manager, Trading Company or the Trading Advisor may merge or consolidate with, or sell or otherwise transfer its business, or all or a substantial portion of its assets, to any entity upon written notice to the other parties.

  • CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER Section 801. Company May Consolidate, Etc.,

  • Sale or Transfer of Assets; Suspension of Business Operations The Borrower will not sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (whether in one transaction or in a series of transactions) to any other Person other than the sale of Inventory in the ordinary course of business and will not liquidate, dissolve or suspend business operations. The Borrower will not transfer any part of its ownership interest in any Intellectual Property Rights and will not permit any agreement under which it has licensed Licensed Intellectual Property to lapse, except that the Borrower may transfer such rights or permit such agreements to lapse if it shall have reasonably determined that the applicable Intellectual Property Rights are no longer useful in its business. If the Borrower transfers any Intellectual Property Rights for value, the Borrower will pay over the proceeds to the Lender for application to the Obligations. The Borrower will not license any other Person to use any of the Borrower’s Intellectual Property Rights, except that the Borrower may grant licenses in the ordinary course of its business in connection with sales of Inventory or provision of services to its customers.

  • Consideration for Transfer Notwithstanding anything to the contrary herein contained, except as may be required by Section 5 hereof, where a Transfer is made for consideration, in no event shall any such Transfer by Executive of Executive Securities be made under Section 6(c) or offered to be made under Section 6(b) for any consideration other than United States dollars payable in full upon consummation of such Transfer.

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