Common use of Transfer/Assignment Clause in Contracts

Transfer/Assignment. This Agreement and Owner’s rights hereunder are not transferable or assignable without the prior written approval of Port, which approval may be withheld by Port in its sole discretion. In addition, Owner may not assign or sublet the right to use the moorage space. In this respect, this Agreement is personal to Owner and may not be used or transferred to any other person. A $50.00 transfer fee shall apply for any tenant requested slip transfers. Initials

Transfer/Assignment. This Agreement and Owner’s rights hereunder are not transferable or assignable without the prior written approval of Port, which approval may be withheld by Port in its sole discretion. In addition, Owner may not assign or sublet the right to use the moorage space. In this respect, this Agreement is personal to Owner and may not be used or transferred to any other person. A $50.00 transfer fee shall apply for any tenant requested slip transfers. Initials.