Common use of Agreement Relating To Consents Necessary To Transfer Assets Clause in Contracts

Agreement Relating To Consents Necessary To Transfer Assets. Notwithstanding anything in this Agreement to the contrary, this Agreement shall not constitute an agreement to transfer or assign any asset or any claim or right or any benefit arising thereunder or resulting therefrom if an attempted assignment thereof, without the necessary consent of a third party, would constitute a breach or other contravention thereof or in any way materially and adversely affect the rights of Westar, or any member of the Westar Group, or Western, or any member of the Western Group, thereunder. Westar and Western shall cooperate with each other, keep each other informed and will, subject to Section 8.03, use all commercially reasonable efforts necessary to obtain the consent of any third party or any Governmental Entity, if any, required in connection with the transfer or assignment pursuant to Section 2.01 of any such asset or any claim or right or any benefit arising thereunder. Until such required consent is obtained, or if such consent cannot be obtained or an attempted assignment or assumption thereof would be ineffective or would adversely affect the rights of the transferor thereunder so that the intended transferee would not in fact receive substantially all such rights, Westar and Western will cooperate in a mutually agreeable arrangement under which the intended transferee would obtain the benefits and assume the obligations thereunder in accordance with this Agreement including (but not limited to) sub-contracting, sub-licensing or sub-leasing to such transferee, or under which the transferor would enforce for the benefit of the transferee and (except as otherwise provided herein or in any Ancillary Agreement) at the transferor's expense any and all rights of the transferor against, with the transferee assuming the transferor's obligations to, each third party thereto. In the case of any Transfer involving a third party consent, the transferor shall not agree to any terms of transfer (without the prior written consent of the transferee) which have the effect of materially altering the rights or benefits arising under any of the particular Westar Assets, Western Assets, Westar Group Liabilities or Western Group Liabilities, as the case may be, subject to the Transfer.

Appears in 3 contracts

Samples: Separation Agreement (Public Service Co of New Mexico), Separation Agreement (Westar Industries Inc), Separation Agreement (Western Resources Inc /Ks)

AutoNDA by SimpleDocs

Agreement Relating To Consents Necessary To Transfer Assets. Notwithstanding anything in this Agreement to the contrary, this Agreement shall not constitute an agreement to transfer or assign any asset or any claim or right or any benefit arising thereunder or resulting therefrom if an attempted assignment thereof, without the necessary consent of a third party, would constitute a breach or other contravention thereof or in any way materially and adversely affect the rights of WestarImagistics, or any member of the Westar Imagistics Group, or WesternPitney Bowes, or any member of the Western Pitney Bowes Group, thereunder. Westar and Western shall cooperate with each other, keep each other informed and Imagistixx xxd Pitney Bowes will, subject tx Xxxtion 7.03, use, and cause the relevant memxxxx of the Imagistics Group or the Pitney Bowes Group, respectively, to Section 8.03use, use all commercially their reasonable efforts necessary to obtain the obtaix xxx consent of any third party or any Governmental EntityAuthority, if any, required in connection with the transfer or assignment pursuant to Section 2.01 2.02 of any such asset or any claim or right or any benefit arising thereunder. Until such required consent is obtained, or if such consent cannot be obtained obtained, or an attempted assignment or assumption thereof would be ineffective or would adversely affect the rights of the transferor thereunder so that the intended transferee would not in fact receive substantially all such rights, Westar Imagistics and Western Pitney Bowes will cooperate in a mutually agreeable arrangement under which the xxx intended transferee would obtain the benefits and assume the obligations thereunder in accordance with this Agreement Agreement, including (but not limited to) sub-contracting, sub-licensing or sub-leasing to such transferee, or under which the transferor would enforce for the benefit of the transferee and (except as otherwise provided herein or in any Ancillary Agreement) at the transferortransferee's expense any and all rights of the transferor against, with the transferee assuming the transferor's obligations to, each third party thereto. In the case of any Transfer involving a third party consent, the transferor shall not agree to any terms of transfer (without the prior written consent of the transferee) which have the effect of materially altering the rights or benefits arising under any of the particular Westar Assets, Western Assets, Westar Group Liabilities or Western Group Liabilities, as the case may be, assets subject to the Transfer.

Appears in 1 contract

Samples: Distribution Agreement (Imagistics International Inc)

AutoNDA by SimpleDocs

Agreement Relating To Consents Necessary To Transfer Assets. Notwithstanding anything in this Agreement to the contrary, this Agreement shall not constitute an agreement to transfer or assign any asset or any claim or right or any benefit arising thereunder or resulting therefrom if an 16 103 attempted assignment thereof, without the necessary consent of a third party, would constitute a breach or other contravention thereof or in any way materially and adversely affect the rights of WestarSpinco, or any member of the Westar Spinco Group, or WesternAetna, or any member of the Western Aetna Group, thereunder. Westar Spinco and Western Aetna shall cooperate with each other, keep each other informed and will, subject to Section 8.037.03, use all commercially their reasonable best efforts necessary to obtain the consent of any third party or any Governmental Entity, if any, required in connection with the transfer or assignment pursuant to Section 2.01 Sections 2.02 or 2.03 of any such asset or any claim or right or any benefit arising thereunder. Until such required consent is obtained, or if such consent cannot be obtained or an attempted assignment or assumption thereof would be ineffective or would adversely affect the rights of the transferor thereunder so that the intended transferee would not in fact receive substantially all such rights, Westar Spinco and Western Aetna will cooperate in a mutually agreeable arrangement under which the intended transferee would obtain the benefits and assume the obligations thereunder in accordance with this Agreement Agreement, including (but not limited to) sub-contracting, sub-licensing or sub-leasing to such transferee, or under which the transferor would enforce for the benefit of the transferee and (except as otherwise provided herein or in any Ancillary Agreement) at the transferortransferee's expense any and all rights of the transferor against, with the transferee assuming the transferor's obligations to, each third party thereto. In the case of any Transfer involving a third party consent, the transferor shall not agree to any terms of transfer (without the prior written consent of the transferee) which have the effect of materially altering the rights or benefits arising under any of the particular Westar Spinco Assets or the Aetna Assets, Western Assets, Westar Group Liabilities or Western Group Liabilities, as the case may be, be subject to the Transfer.

Appears in 1 contract

Samples: Agreement and Plan of Restructuring and Merger (Aetna Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.