Common use of Assignment; Subcontractors Clause in Contracts

Assignment; Subcontractors. This Agreement may not be assigned or otherwise transferred by either Party without the prior written consent of the other Party; provided, however, either Party may, without such consent, assign this Agreement (a) in connection with the transfer or sale of all or substantially all of the assets of such Party or the line of business of which this Agreement forms a part, (b) in the event of the merger or consolidation of a Party hereto with another company, or (c) to any Affiliate of the assigning Party fully capable of performing hereunder. Any purported assignment in violation of the preceding sentence shall be void. Any permitted assignee shall assume all obligations of its assignor under this Agreement. No assignment shall relieve either Party of responsibility for the performance of any obligation which accrued prior to the effective date of such assignment.

Appears in 3 contracts

Samples: CTM Agreement (Acusphere Inc), CTM Agreement (Acusphere Inc), CTM Agreement (Acusphere Inc)

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Assignment; Subcontractors. This Agreement may not be assigned or otherwise transferred by either Party without the prior written consent of the other Party; provided, however, provided that either Party may, without such consent, assign this Agreement Agreement: (ai) in connection with the transfer or sale of all or substantially all of the assets of such Party or the line of business of which this API Supply Agreement – EXECUTION VERSION 23 Agreement forms a part, ; (bii) in the event of the merger or consolidation of a Party hereto with another company, another; or (ciii) to any Affiliate of the assigning Party fully capable of performing hereunderParty. Any purported assignment in violation of the preceding sentence shall be void. Any permitted assignee shall assume all obligations of its assignor under this Agreement. No assignment shall relieve either Party of responsibility for the performance of any obligation which accrued prior to the effective date of such assignment. Supplier may not use subcontractors to perform any part of this Agreement without Company’s prior written consent.

Appears in 2 contracts

Samples: Supply Agreement, Supply Agreement (Endo Pharmaceuticals Holdings Inc)

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Assignment; Subcontractors. This Agreement may not be assigned or otherwise transferred by either Party without the prior written consent of the other Party; providedPROVIDED, howeverHOWEVER, either Party may, without such consent, assign this Agreement (a) in connection with the transfer or sale of all or substantially all of the assets of such Party or the line of business of which this Agreement forms a part, (b) in the event of the merger or consolidation of a Party hereto with another company, or (c) to any Affiliate of the assigning Party fully capable of performing hereunderParty. Any purported assignment in violation of the preceding sentence shall be void. Any permitted assignee shall assume all obligations of its assignor under this Agreement. No assignment shall relieve either Party of responsibility for the performance of any obligation which accrued prior to the effective date of such assignment.

Appears in 1 contract

Samples: Supply Agreement (Idec Pharmaceuticals Corp / De)

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