Common use of Account Transfers Clause in Contracts

Account Transfers. Absent KSE’s written consent, which may be withheld or granted in KSE’s sole discretion, Account Holders have no right to transfer any Account right or privilege, in whole or in part, to any person or entity, to another name, or by an attempt to transfer the seat locations by sale, gift, transfer by will or trust, property settlement, transfer to creditors or any other means. The foregoing shall not be construed as any prohibition on an Account Holder from lawfully selling or transferring the Tickets themselves. Therefore, any attempt to sell or otherwise transfer Account rights and privileges may result in KSE’s cancellation of this Agreement and/or the Account. Any court order directing the distribution of Tickets or Account rights and privileges to a person or entity not listed as the Account Holder, whether in bankruptcy or otherwise, will result in KSE’s exercise of its right to immediately terminate this Agreement and the Account (with KSE promptly refunding to the Account Holder any amounts paid for Tickets to attend Team Games not played as of the effective date of termination). Notwithstanding the foregoing, KSE will typically allow an Account Holder to request transfer of the Account to a member of the Account Xxxxxx’s immediate family. Any such request must be submitted in writing for KSE’s approval (which may be granted or withheld in KSE’s sole discretion) and must be supported by appropriate documentation (e.g., proof of relationship) satisfactory to KSE.

Account Transfers. Absent KSE’s written consent, which may be withheld or granted in KSE’s sole discretion, Account Holders have no right to transfer any Account right or privilege, in whole or in part, to any person or entity, to another name, or by an attempt to transfer the seat locations by sale, gift, transfer by will or trust, property settlement, transfer to creditors or any other means. The foregoing shall not be construed as any prohibition on an Account Holder from lawfully selling or transferring the Tickets themselves. Therefore, any attempt to sell or otherwise transfer Account rights and privileges may result in KSE’s cancellation of this Agreement and/or the Account. Any court order directing the distribution of Tickets or Account rights and privileges to a person or entity not listed as the Account Holder, whether in bankruptcy or otherwise, will result in KSE’s exercise of its right to immediately terminate this Agreement and the Account (with KSE promptly refunding to the Account Holder any amounts paid for Tickets to attend Team Games not played as of the effective date of termination). Notwithstanding the foregoing, KSE will typically allow an Account Holder to request transfer of the Account to a member of the Account XxxxxxHolder’s immediate family. Any such request must be submitted in writing for KSE’s approval (which may be granted or withheld in KSE’s sole discretion) and must be supported by appropriate documentation (e.g., proof of relationship) satisfactory to KSE.