Assignment of Clause Examples
The Assignment of clause defines the conditions under which one party may transfer its rights or obligations under the contract to another party. Typically, this clause specifies whether assignments are permitted freely, require the other party's consent, or are prohibited altogether. For example, it may allow assignment in the event of a merger or sale of the business, but otherwise restrict transfers to protect the interests of the non-assigning party. Its core practical function is to control and clarify the ability to transfer contractual responsibilities, thereby preventing unwanted or unexpected changes in the parties involved.
POPULAR SAMPLE Copied 2 times
Assignment of a Librarian to a rank shall be based upon the tasks, responsibilities, and qualification requirements of the position held, and the experience, professional development, and scholarly and service achievements of the Librarian. The satisfactory performance of job responsibilities shall be the primary requirement for the advancement of Librarians to a higher rank. In addition, Librarians seeking promotion should also demonstrate scholarly and service accomplishments appropriate to the level of advancement.
Assignment of. Tranche A at the Direction of the Board. The Tranche A Lender agrees that if and to the extent that the Board Guaranty remains in effect, the Board shall have the right, upon five (5) Business Days' prior notice to the Tranche A Lender (with a copy to the Agent and the Borrower), to require the Tranche A Lender to sell, transfer and assign Tranche A, in whole or in part (but in no event in excess of the amount then guaranteed under the Board Guaranty), and with or without the benefit of the Board Guaranty (which, if without, shall be fully and irrevocably released upon the closing and to the extent of such purchase), to a Person designated by the Board, for a purchase price equal to 100% of the principal amount of such portion of Tranche A to be sold, transferred and assigned, together with all accrued and unpaid interest thereon through the date of purchase (which purchase price may include a payment under the Board Guaranty) and payment of any losses, expenses and liabilities under Section 2.9(e) hereof attributable to such sale, transfer and assignment (it being acknowledged and agreed that any premium paid by such purchaser for such portion of the Loan shall be for the benefit of the Board); provided, that the Tranche A Lender and the Borrower shall cooperate with the Board to avoid any such losses, expenses and liabilities; and provided, further that the Tranche A Lender shall also be entitled to payment of all other unpaid Obligations owing to it through the date of purchase from the Obligors, including, without limitation, fees, expenses, indemnities and other amounts which are then due and payable pursuant to the terms of the Loan Documents, which amounts the Obligors agree to pay to the Tranche A Lender on the date of purchase. The closing of the Tranche A assignment shall be consummated pursuant to an Assignment and Acceptance and such other documentation as the Tranche A Lender, the Board and such assignee shall mutually agree is reasonably necessary. Any such sale, transfer or assignment under this subsection (f) shall be subject to the conditions specified in clauses (i), (ii), (iii) and (v) of the proviso in subsection (a) of this Section 9.2.
Assignment of. Buyer may not assign the *** described in this Letter Agreement without Boeing’s prior written consent ***.
Assignment of. Copyright
Assignment of. Copyright Non-disclosure Agreement
Assignment of. Subcontract Work The Subcontractor shall not assign the whole nor any part of the Subcontract Work without prior written approval of the Contractor.
Assignment of. Ohio State’s rights in Ohio State Subject Inventions and Joint Subject Inventions to Sponsor upon Sponsor’s checking (including date and initials of Sponsor’s authorized official) and then payment of an Upfront Technology Access Fee of either:
(1) 25% of the Research Project budget ($ , ); or
(2) A base fee of $15,000, whichever is greater, upon execution of this Agreement.
9.5. Should the Parties agree to increase the Research Project budget following initiation of the Project, then the Upfront Technology Access Fee described in Section 9.3 or 9.4 above shall be recalculated using the amount of the revised, total Research Project budget. Any difference between the recalculated fee and the Upfront Technology Access Fee already paid-for by Sponsor shall be payable to Ohio State upon execution of the Change Order for the revised Project budget. The Parties further agree that the actual assignment of Ohio State’s rights in Ohio State Subject Inventions and Joint Subject Inventions provided for in Section 9.4 above shall be contingent upon and occur following such time that Sponsor’s total financial obligation to Ohio State for the Research Project is paid-in-full.
9.6. Ohio State will invoice Sponsor for the fees listed in Sections 9.3 and 9.4 and the recalculated fees described in Section 9.5 above. Sponsor shall pay Ohio State within thirty (30) days following receipt of such invoices. If Sponsor fails to pay any fees due to Ohio State within ninety (90) days following receipt of such invoice, then the election of the license or assignment by Sponsor under Sections 9.3 or Section 9.4 shall be of no effect and all rights of Sponsor in Ohio State Subject Inventions and Joint Subject Inventions shall thereafter be governed by Section 9.2. The address for invoices to Sponsor under this Section 9.6 will be identified in Exhibit A.
9.7. Regardless of the right selected by Sponsor in Sections 9.1-9.4, Ohio State retains rights to use Research Results and Ohio State Subject Inventions and Joint Subject Inventions for research, teaching and educational purposes.
9.8. Notwithstanding the foregoing, for Ohio State Subject Inventions and Joint Subject Inventions that: (a) are related to human or animal health, disease or nutrition; (b) incorporate the use of federal, state or philanthropic funding by Sponsor or Ohio State; (c) include a subcontract to a third party; or (d) involve rights to any inventions, discoveries or intellectual property of Ohio State that exist a...
Assignment of. Fortis shall deliver to FibroGen evidence reasonably satisfactory to FibroGen of the assignment by [*] to Fortis of that certain [*].
Assignment of staff The Provider shall not assign any individual to conduct work under this contract who does not meet the requirement of this law.
Assignment of. INDEBTEDNESS In pursuance of such agreement and in consideration of the payment of the Consideration paid by the Assignee to the Assignor (the receipt whereof is hereby acknowledged) the Assignor as beneficial owner of the Indebtedness hereby assigns to the Assignee or its nominee or transferee absolutely with effect from the date hereof all the rights, benefits, title and interests of the Assignor in respect of the Indebtedness free from all rights of pre-emption, options, liens, claims, equities, charges, encumbrances or third-party rights of any nature whatsoever together with the full benefit and advantages thereof and all rights, interests, benefits and title attached, accrued or accruing therein and thereto to hold the same unto the Assignee absolutely.