Change of Parties. In the event that Party B no longer possesses any shares of Party C, Party B shall be deemed no longer as a party of this Agreement. In the event that any third party becomes a shareholder of Party C, Party A and Party C shall take effort to cause such third party executing relevant legal documents and becoming one of Party B of this Agreement.
Change of Parties. (1) This Agreement is open for signature by additional parties.
Change of Parties. The Borrower may not assign or transfer any of its rights arising under the Agreement or any document related thereto neither transfer any obligation arising to the Borrower under the Agreement or any related document to any other party, except when a prior written consent has been granted by the Lender. For the purposes of Section 151d of the Civil Code, all rights of the Borrower under the Agreement or under any related document are non-transferable. The Borrower expressly agrees that the Lender may at any time and without any additional consent of the Borrower assign or transfer any of its rights (including any of its claims) arising from the Agreement or a document related thereto. Simultaneously, the Borrower expressly agrees that the Lender may at any time transfer any of Lender’s obligations under the Agreement or related document to other party. The Borrower expressly agrees that the Lender may at any time and without any further consent of the Borrower use any of its rights (including any of its receivables) arising from the Agreement or a document related thereto as a security to back an obligation of the Lender. Furthermore, the Borrower expressly agrees to any change in the person of the authorized beneficiary under the Agreement or any related document that might be affected after the security titles have been exercised. The change in the person of the Lender or the acquisition of any right or obligation under the Agreement or a document related thereto will become effective against the Borrower on the earlier of the two: delivery of the notice of this change by the Lender to the Borrower, or proving of this change to the Borrower by the third party. The contracting parties are not required to conclude any Amendment to any document if the person of the Lender was changed or in event of third party’s acquisition of any Lender’s right or obligation arising from the Agreement or related documents, provided these changes have been made in accordance with the above provisions.
Change of Parties. Party A must be notified of merger, demerger and restructuring of Party B. When Party B mergers or makes capital reduction, Party A is entitled to request Party B to pay off debts or provide guarantees; when Party B is divided, the companies after division should be jointly and severally liable.
Change of Parties. Party A’s guarantee liabilities shall not be reduced or exempted due to any of the following circumstances:
Change of Parties. (a) No Chargor may assign, transfer, novate or dispose of its rights and/or obligations under this Deed without the prior written consent of the UK Security Trustee.
Change of Parties. The Borrower will not assign this Agreement or the monies due hereunder or convey or further encumber the Mortgaged Property without the prior written consent of the Bank; and in the event of any such approved assignment, conveyance or encumbrance the Bank shall continue to make advances hereunder to the Borrower or to the Borrower's successor or assignee, and all sums so advanced shall be deemed advances under this Agreement and not in modification hereof. In the event the Borrower shall part with or in any manner be deprived of its leasehold interest to the Mortgaged Property in violation of this Section, the Bank may, at its option, continue to make advances under this Agreement and not in modification hereof. If the Borrower is in default under this Agreement, or as a part of the sale, consolidation, liquidation or merger of the Bank, the Bank may assign this Agreement and the Note and cause the assignee to make any advances not made at the time of the assignment, in which event all of the terms hereof shall continue to apply to the Loan, the Note, the Mortgage and the Security Instruments. All sums so advanced shall be deemed advances under this Agreement and not in modification hereof.
Change of Parties. Except as provided herein, the Issuer may not replace the Facility Agent without the consent of the Majority CP Holders.
Change of Parties. The Customer does not have the right to transfer his rights and obligations in this agreement to third parties without a written approval from the Supplier. In the event of such approval, an administrative fee is charged. The Supplier reserves the right to change the size of this fee. The Supplier has the right, with exemptive effect for the Supplier, to assign its rights and obligations under this agreement to third parties, provided that the third party / acquirer can thereby reasonably be expected to be able to fulfill the obligations to the Customer as a result of the agreement.
