Assignee Assumption of Team Rights and Obligations Sample Clauses

Assignee Assumption of Team Rights and Obligations. Any assignee of the rights and obligations of the Team under Section 23.1(b)(i) must assume all of the obligations of the Team under this Agreement pursuant to an Assignment and Assumption Agreement in a form and substance reasonably acceptable to the Authority and which Assignment and Assumption Agreement shall be signed by the Team, the Authority and the assignee prior to the effective date of such assignment. The Authority agrees that upon any permitted Assignment of this Agreement in accordance with Section 23.1(b)(i), the Team shall be released from all obligations arising under this Agreement from and after the date of the Assignment, provided that (i) the assignee agrees to perform all of the Team’s obligations under this Agreement, and (ii) assignee is approved by the NFL. The Team and the Authority agree that any Assignment of this Agreement (other than a collateral assignment for financing purposes), shall be void and of no force and effect unless such Person agrees to so assume the Team’s obligations under this Agreement. For the avoidance of doubt (A) in the event Team merges with another Person, the surviving Person in such merger shall assume, and shall be deemed to have assumed, the Team’s obligations under this Agreement, and (B) an Assignment by way of collateral assignment pursuant to and in connection with a financing transaction shall not require assumption of the Team’s obligations under this Agreement.
Sample 1
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Related to Assignee Assumption of Team Rights and Obligations

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent.

  • Other Rights and Obligations of the Authority Upon Termination for any reason whatsoever, the Authority shall:

  • Rights and Obligations of Members Section 6.1

  • Rights and Obligations of Parties The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located; [PL 1995, c. 694, Pt. B, §2 (NEW); PL 1995, c. 694, Pt. E, §2 (AFF).]

  • RIGHTS AND OBLIGATIONS OF NWESD The NWESD Board of Directors and Superintendent agree to provide educational services pursuant to requirements of the Office of the Superintendent of Public Instruction (OSPI). All staff for the Program shall be employed by the NWESD and subject to the policies and rules and regulations of the NWESD, including regulations pertaining to RCW 28A.400.303, RCW 28A.400.322 and RCW 28A.400.330, and teacher certification as required by the State of Washington. In accordance with this Agreement, the NWESD shall:

  • RIGHTS AND OBLIGATIONS OF THE PARTIES 13.2.1 The client shall be under obligation:

  • Reaffirmation of Rights and Obligations The Parties reaffirm their rights and obligations relating to technical regulations, standards and conformity assessment procedures under the TBT Agreement.

  • Transfer of rights and obligations 12.1 Lender has the right to transfer all or part of the right in this contract to a third party, the transferring actions do not need to acquire the consent of the borrower. If without the consent of the lender in writing, the borrower cannot transfer any right and obligations in this contract to a third party.

  • RIGHTS AND OBLIGATIONS OF THE CUSTOMER 9.1 The Customer shall:

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