Common use of Assignation Clause in Contracts

Assignation. The Beneficiary may assign or transfer its rights and/or obligations (whenever arising) and benefit of this Agreement or any part thereof to any subsidiary or holding company of, or any subsidiary of a holding company of, the Beneficiary without the consent of the Contractor being required. For the avoidance of doubt any such assignation shall not be deemed to count towards the number of assignations permitted in terms of Clause 8.2 hereof. The meaning of “subsidiary company” and “holding company” for the purposes of this Clause shall be the meaning ascribed to them by Section 1159 of the Companies Xxx 0000. The Beneficiary (or any party to whom the Beneficiary have assigned its rights and/or obligations and benefit of the Agreement in terms of Clause 8.1) shall also be entitled, without the need for consent, to assign or transfer its rights and/or obligations hereunder and benefit of this Agreement or any part, thereof. Thereafter those rights and/or obligations and benefit assigned shall, without the need for consent, be assignable by the assignee once only. The Contractor shall not be entitled to assign or transfer any rights or obligations hereunder without the consent of the Beneficiary. The Contractor shall not be entitled to contend that any person to whom this Agreement is assigned or transferred in accordance with this Clause 8 is precluded from recovering under this Agreement any loss resulting from any breach of this Agreement (whenever arising) by reason that such person is an assignee and not a named party hereunder.

Assignation. The Beneficiary may assign or transfer its rights and/or obligations (whenever arising) and benefit of this Agreement or any part thereof to any subsidiary or holding company of, or any subsidiary of a holding company of, the Beneficiary without the consent of the Contractor Consultant being required. For the avoidance of doubt any such assignation shall not be deemed to count towards the number of assignations permitted in terms of Clause 8.2 7.2 hereof. The meaning of “subsidiary company” and “holding company” for the purposes of this Clause shall be the meaning ascribed to them by Section 1159 1156 of the Companies Xxx 0000. The Beneficiary (or any party to whom the Beneficiary have assigned its rights and/or obligations and benefit of the Agreement in terms of Clause 8.17.1) shall also be entitled, without the need for consent, to assign or transfer its rights and/or obligations hereunder and benefit of this Agreement or any part, thereof. Thereafter those rights and/or obligations and benefit assigned shall, without the need for consent, be assignable by the assignee once only. The Contractor Consultant shall not be entitled to assign or transfer any rights or obligations hereunder without the consent of the Beneficiary. The Contractor Consultant shall not be entitled to contend that any person to whom this Agreement is assigned or transferred in accordance with this Clause 8 7 is precluded from recovering under this Agreement any loss resulting from any breach of this Agreement (whenever arising) by reason that such person is an assignee and not a named party hereunder.

Assignation. The Beneficiary may assign or transfer its rights and/or obligations (whenever arising) and the benefit of this Agreement or any part thereof to any subsidiary or holding company of, or any subsidiary of a holding company of, the Beneficiary without the consent of the Contractor Consultant being required. For the avoidance of doubt any such assignation shall not be deemed to count towards the number of assignations permitted in terms of Clause 8.2 [8.2] [7.2] hereof. The meaning of “subsidiary company” company and “holding company” company for the purposes of this Clause shall be the meaning ascribed to them by Section 1159 of the Companies Xxx Acx 0000. The Beneficiary (or any party to whom the Beneficiary have assigned its rights and/or obligations and benefit of the Agreement in terms of Clause [8.1] [7.1]) shall also be entitled, without the need for consent, to assign or transfer its rights and/or obligations hereunder and benefit of this Agreement or any part, thereof. Thereafter those rights and/or obligations and benefit assigned shall, without the need for consent, be assignable by the assignee once only. The Contractor Consultant shall not be entitled to assign or transfer any rights or obligations hereunder without the consent of the Beneficiary. The Contractor Consultant shall not be entitled to contend that any person to whom this Agreement is assigned or transferred in accordance with this Clause 8 [8] [7] is precluded from recovering under this Agreement any loss resulting from any breach of this Agreement (whenever arising) by reason that such person is an assignee and not a named party hereunder.

Assignation. The Beneficiary may assign or transfer its rights and/or obligations (whenever arising) and the benefit of this Agreement or any part thereof to any subsidiary or holding company of, or any subsidiary of a holding company of, the Beneficiary without the consent of the Contractor Consultant being required. For the avoidance of doubt any such assignation shall not be deemed to count towards the number of assignations permitted in terms of Clause 8.2 [8.2] [7.2] hereof. The meaning of “subsidiary company” company and “holding company” company for the purposes of this Clause shall be the meaning ascribed to them by Section 1159 of the Companies Xxx 0000. The Beneficiary (or any party to whom the Beneficiary have assigned its rights and/or obligations and benefit of the Agreement in terms of Clause [8.1] [7.1]) shall also be entitled, without the need for consent, to assign or transfer its rights and/or obligations hereunder and benefit of this Agreement or any part, thereof. Thereafter those rights and/or obligations and benefit assigned shall, without the need for consent, be assignable by the assignee once only. The Contractor Consultant shall not be entitled to assign or transfer any rights or obligations hereunder without the consent of the Beneficiary. The Contractor Consultant shall not be entitled to contend that any person to whom this Agreement is assigned or transferred in accordance with this Clause 8 [8] [7] is precluded from recovering under this Agreement any loss resulting from any breach of this Agreement (whenever arising) by reason that such person is an assignee and not a named party hereunder.

Assignation. The Beneficiary may assign or transfer its rights and/or obligations (whenever arising) and the benefit of this Agreement or any part thereof to any subsidiary or holding company of, or any subsidiary of a holding company of, the Beneficiary without the consent of the Contractor Consultant being required. For the avoidance of doubt any such assignation shall not be deemed to count towards the number of assignations permitted in terms of Clause 8.2 [8.2] [7.2] hereof. The meaning of “subsidiary company” company and “holding company” company for the purposes of this Clause shall be the meaning ascribed to them by Section 1159 of the Companies Xxx 0000Act 2006. The Beneficiary (or any party to whom the Beneficiary have assigned its rights and/or obligations and benefit of the Agreement in terms of Clause [8.1] [7.1]) shall also be entitled, without the need for consent, to assign or transfer its rights and/or obligations hereunder and benefit of this Agreement or any part, thereof. Thereafter those rights and/or obligations and benefit assigned shall, without the need for consent, be assignable by the assignee once only. The Contractor Consultant shall not be entitled to assign or transfer any rights or obligations hereunder without the consent of the Beneficiary. The Contractor Consultant shall not be entitled to contend that any person to whom this Agreement is assigned or transferred in accordance with this Clause 8 [8] [7] is precluded from recovering under this Agreement any loss resulting from any breach of this Agreement (whenever arising) by reason that such person is an assignee and not a named party hereunder.