Common use of No Assignment or Transfer Clause in Contracts

No Assignment or Transfer. Retailer may not assign, delegate, subcontract, or in any way transfer this Contract, in whole or in part, including, without limitation, the authority to act as a Lottery Retailer and to sell Lottery Tickets or Shares in exchange for the receipt of payment of the retail price of such Tickets or Shares. Except for a security interest granted to Lottery, Retailer may not grant a security interest or lien in, or otherwise encumber, any payments received from the sale of Lottery Tickets or Shares. If Retailer advertises the sale of its Business, the advertisement shall not imply or state that the sale of the Business transfers any right to sell Lottery Tickets or Shares. Retailer shall not state or imply during any sale negotiations that its rights under this Contract transfer to any new owner.

No Assignment or Transfer. Retailer may not assign, delegate, subcontract, or in any way transfer this Contract, in whole or in part, including, without limitation, the authority to act as a Lottery Retailer and to sell Lottery Tickets or Shares in exchange for the receipt of payment of the retail price of such Tickets or Shares. Except for a security interest granted to Lottery, Retailer may not grant a security interest or lien in, or otherwise encumber, any payments received from the sale of Lottery Tickets or Shares. If Retailer advertises the sale of its Business, the advertisement shall not imply or state that the sale of the Business transfers any right to sell Lottery Tickets or Shares. Retailer shall not state or imply during any sale negotiations that its rights under this Contract transfer to any new owner.. Sample