Assignments or Transfers Clause Examples
The Assignments or Transfers clause governs whether and how a party to the contract may transfer its rights or obligations to another party. Typically, this clause restricts one or both parties from assigning the contract without the other party’s prior written consent, though it may allow for certain exceptions, such as assignments to affiliates or in connection with a merger or sale of business. Its core function is to ensure that each party maintains control over who they are contractually bound to, thereby preventing unwanted or unexpected changes in the contractual relationship.
Assignments or Transfers. Neither this Agreement, any interest or obligation in or under this Agreement, nor any Transaction may be transferred by Party A without the Rating Agency Condition being satisfied.
Assignments or Transfers. (a) Subject to (b) below, for the purposes of calculating DOCA Creditor Entitlements, all Group Creditor Claims shall be determined as at the Record Date. The Deed Administrators shall be under no obligation to recognise any assignment or transfer of rights, benefits or interests in the Group Creditor Claims after the Record Date for the purposes of calculating DOCA Creditor Entitlements under this Deed and have no obligations hereunder to any person other than the Group Creditors as at the Record Date.
(b) The Deed Administrators will, as soon as reasonably practicable following the Initial Distribution Time, recognise the assignment or transfers of rights, benefits or interests in:
(i) Group Creditor Claims, insofar as those assignment or transfers are notified to the Deed Administrators; and
(ii) Holdco Facilities Commitments, insofar as such assignment or transfers are undertaken in accordance with clause 19 (Changes to the Financiers) of the Holdco Common Terms Agreement;
(c) Any assignee or transferee of interests in the Group Creditor Claims recognised by the Deed Administrators pursuant this Clause 10 (Assignments or transfers) shall be bound by the terms of this Deed as a Group Creditor or an AFF Financier (as the case may be) and shall produce such evidence as the Deed Administrators may reasonably require to confirm that it has agreed to be bound by the terms of this Deed.
Assignments or Transfers. Tenant intends to use the Premises for industrial, research and storage purposes and is expressly prohibited from subleasing the Premises for any use without obtaining Landlord’s consent as to individual tenants, which consent may be withheld in Landlord’s sole discretion, subject to the use restrictions of the Premises enumerated above and to the limitations set forth in Section 8 above. Tenant shall not assign or transfer this Lease to any other person or entity without the express written consent of Landlord, which consent may be withheld in Landlord’s sole discretion. Notwithstanding anything to the contrary contained in this Lease, Tenant may (with Landlord’s consent, not to be unreasonably withheld) assign, mortgage, pledge, hypothecate or otherwise transfer without consent its interest in this Lease to any financing entity, or agent on behalf of any financing entity to whom Tenant (i) has obligations for borrowed money or in respect of guaranties thereof, (ii) has obligations evidenced by loans, bonds, debentures, notes or similar instruments, or (iii) has obligations under or with respect to grant funds, letters of credit, bankers acceptances and similar facilities or in respect of guaranties thereof.
Assignments or Transfers. This Warrant may not be transferred or assigned except to an Affiliate of FCEC. Any such transfer or assignment is subject to applicable state and federal securities laws.
Assignments or Transfers to (or through) whom any Party assigns or transfers (or may potentially assign or transfer) all or any of its rights and obligations under the Agency Agreement and any other person who accedes to the Agency Agreement; or
Assignments or Transfers. Lessor may assign or transfer this Lease Agreement to any person or entity without any requirement for prior approval by Xxxxxx, provided that such assignee or transferee agrees in writing to fulfill the duties and obligations of the Lessor in said Lease Agreement, including the obligation to respect Lessee’s rights to nondisturbance and quiet enjoyment of the Premises during the remainder of the Term and any Renewal Term hereof. Lessee may assign or transfer this Lease Agreement without prior approval by Lessor to any of Lessee’s partners, shareholders, members, subsidiaries, or affiliates, to any entity in which Lessee or any of its affiliates holds an ownership interest, or to a person or entity acquiring by purchase, merger or operation of law a majority of the value of the assets of Lessee. Lessee shall not assign or transfer this Lease Agreement to any other person or entity without the prior written approval of Lessor, which approval shall not be unreasonably withheld, conditioned, or delayed. Notwithstanding anything to the contrary contained in this Agreement, Lessee may assign, mortgage, pledge, hypothecate or otherwise transfer without consent its interest in this Agreement to any financing entity, or agent on behalf of any financing entity to whom Lessee (i) has obligations for borrowed money or in respect of guaranties thereof, (ii) has obligations evidenced by loans, bonds, debentures, notes or similar instruments, or (iii) has obligations under or with respect to letters of credit, bankers acceptances and similar facilities or in respect of guaranties thereof.
Assignments or Transfers. This Agreement may not be sold, assigned or transferred by the LICENSEE.
Assignments or Transfers. Neither Party shall not be entitled to assign or transfer all or any of its rights, benefits and obligations under the Finance Documents without the prior written consent of the other Party.
Assignments or Transfers. Grantee shall comply with LCC 12.20 regarding assignments, lease, sharing, transfers, and transactions affecting direct or indirect interest or control. In no event shall a sale, lease, sharing, transfer, assignment, or disposal of ownership, interest, or control be approved without the transferee acknowledging the obligations under LCC 12.20, becoming a signatory to this Franchise, and assuming all rights and obligations hereunder; and assuming all other rights and obligations of the transferor to the County.
Assignments or Transfers. The assignment, pledge, transfer, hypothecation or other disposition by Borrower of any proprietary or beneficial interest in the Borrower without Xxxxxx's prior written consent.