Alienation rights Sample Clauses

Alienation rights. Under clause 7, the owner has freedom to assign the benefit of the agreement as a whole but, having assigned the benefit of the agreement, the owner nevertheless remains liable under its terms to the manager. The owner is also free to assign the benefit of the whole of the agreement as security for finance that is applied for the purposes of the development project. No other form of assignment of the whole or part of the agreement is permitted without the consent of the manager which is not to be unreasonably withheld. The manager may not assign or charge the benefit of the agreement without the consent of the owner; the owner has an absolute discretion whether or not to consent; clause 8.
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Related to Alienation rights

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