ALIENATION AND ASSIGNMENT Clause Samples
The Alienation and Assignment clause governs the transfer of rights or obligations under a contract from one party to another. Typically, it outlines whether and how a party may assign its interests or delegate its duties, often requiring prior written consent from the other party before any transfer can occur. This clause is essential for maintaining control over who is involved in the contract and helps prevent unwanted third parties from stepping into the contractual relationship, thereby protecting the interests of the original parties.
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ALIENATION AND ASSIGNMENT. Except as otherwise permitted by the ------------------------- Act and the Code and as expressly permitted by the Plan or the Administrator, no benefit hereunder shall be subject in any manner to alienation, sale, anticipation, transfer, assignment, pledge, encumbrance, garnishment, attachment, execution or levy of any kind. As provided in the Act and the Code, this prohibition shall not apply to any QDRO entered on or after January 1, 1985, and the Administrator shall have all rights granted thereunder in determining the existence of such an order, in establishing and following procedures therefor and in complying with any such order. The Administrator shall treat any domestic relations order entered before January 1, 1985 as a QDRO entered on January 1, 1985 if the Plan is paying benefits pursuant to such order on January 1, 1985 or if the Administrator in its discretion deems such treatment warranted.
ALIENATION AND ASSIGNMENT. Amounts payable to the Trust Beneficiaries under this Agreement may not be anticipated, assigned (either at law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process.
ALIENATION AND ASSIGNMENT. No benefit hereunder shall be subject in any manner to alienation, sale, anticipation, transfer, assignment, pledge, encumbrance, garnishment, attachment, execution or levy of any kind, whether voluntary or involuntary. As provided in the Act and the Code, this prohibition shall not apply to any QDRO entered on or after January 1, 1985, and the Administrator shall have all rights granted thereunder in determining the existence of such an order, in establishing and following procedures therefor and in complying with any such order. The Administrator shall treat any domestic relations order entered before January 1, 1985 as a QDRO entered on January 1, 1985 if the Plan is paying benefits pursuant to such order on January 1, 1985 or if the Administrator in its discretion deems such treatment warranted. The provisions of this paragraph shall not preclude any offset of a Participant’s benefits as permitted under Section 401(a)(13)(C) of the Code effective for judgments, orders of decrees issued, and settlement agreements entered into, on or after August 5, 1997.
ALIENATION AND ASSIGNMENT. Except as may be required by the Act, no benefit hereunder shall be subject in any manner to alienation, sale, anticipation, transfer, assignment, pledge, encumbrance, garnishment, attachment, execution or levy of any kind.
ALIENATION AND ASSIGNMENT. (a) Prior to the determination of the Participating Parties’ Final Percentage Interests in the Additional Units, no Participating Party may sell, lease, convey, transfer, assign, encumber or alienate in any manner whatsoever its Ownership Interest, or any portion or portions thereof, in any Additional Unit Property to any other party (including another Participating Party), except as provided in Section 4.2(b) hereof and in Sections 3.4 and 3.7 of the Development Agreement. Following such determination, except with the prior written consent of the Participating Parties owning at least an aggregate 90% Ownership Interest in the applicable Additional Unit Property and except as provided in Section 4.2(b), until the expiration of the operating license for the applicable Additional Unit to be granted by the NRC, as renewed from time to time, none of the Participating Parties shall have the right to sell, lease, convey, transfer, assign, encumber or alienate in any manner whatsoever its Ownership Interest, or any portion or portions thereof, in any Additional Unit Property to any other party (including another Participating Party) without either:
(i) first offering, subject to all requisite regulatory approval, such sale, lease or other conveyance to the other Participating Parties pro rata in accordance with their respective Ownership Interests in such Additional Unit Property upon the same terms and conditions as the proposed sale, lease or conveyance to such other party, which offer shall be made in the form of a proposed contract and shall be open for acceptance by the other Participating Parties for a period of one hundred and twenty (120) days and in the event such offer is accepted by all such other Participating Parties, the Participating Parties shall proceed to a closing pursuant to the terms of the aforesaid contract in an expeditious manner. In the event such offer is accepted by one or more but is not accepted by all of the other Participating Parties within the aforesaid one hundred and twenty-day period, the offeror shall offer the unaccepted portion of such offer to the Participating Parties who accepted the original offer, who shall then have thirty (30) days to accept the offer of such unaccepted portion. In the event that any of such offers is not timely accepted, the offering Participating Party shall be entitled to consummate the proposed sale, lease or other conveyance to such other party; provided, however, that if the offering Participat...
ALIENATION AND ASSIGNMENT. The assets held in the Account shall not be subject to alienation, assignment, garnishment, attachment, execution or levy of any kind, and any attempt to cause such benefits to be so subjected shall not be recognized, except to the extent required by law. Any pledging of assets in the Account by the Deposi- tor as security for a loan or any loan or other extension of credit from the Account to the Depositor shall be prohibited.
ALIENATION AND ASSIGNMENT. The Tenant shall not assign this Lease or sublet, underlet or part with the whole or any part of the Premises and shall not permit the Premises to be occupied by any person or persons other than the Tenant and those persons in its immediate employment for the purposes of conducting the Permitted Use on the Premises excepting with the Landlord's prior consent in writing which may be subject to such conditions as the Landlord may think fit to impose. The Tenant shall at no time permit the Premises to be used whether temporarily or permanently as a place of residence or for sleeping or for any illegal or immoral purpose. The Landlord will disown and not recognize any pledge or premium such as key money associated with the reservation or transfer of the right of occupation to the Premises.