Assignment and Agents Sample Clauses
The "Assignment and Agents" clause defines the rules regarding a party's ability to transfer its rights or obligations under the contract to another party, as well as the use of third parties (agents) to perform contractual duties. Typically, this clause restricts assignment without the other party's consent and clarifies whether agents can act on behalf of a party, often requiring that the original party remains responsible for the agent's actions. Its core function is to maintain control over who is involved in the contract and to prevent unwanted or unapproved changes in the parties responsible for performance, thereby protecting the interests of all original signatories.
Assignment and Agents. AAL may not assign this Agreement or delegate any of its responsibilities hereunder without the express written consent of the Fund. However, AAL may from time to time employ agents to act on its behalf to perform and carry out its functions set forth as responsibilities of AAL in this Agreement. This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and assigns.
Assignment and Agents. 20.1 Subject to Clause 20.4, neither Party shall assign, encumber, novate or otherwise dispose of its benefits or obligations under this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld.
20.2 Any consent to an assignment or other disposition granted under Clause 20.1 shall not relieve the assignor from liability for performance of any obligations, responsibilities or duties so assigned.
20.3 Subject to approval of the appointment of a Retailer's Agent in accordance with Clause 8, each Party may appoint agents to act on its behalf. Any such appointment shall not relieve the Parties making the appointment from responsibility for the acts, defaults, neglects or omissions of its agents.
20.4 If any substantial part of the assets of the Retailer are transferred to another company by reason of a direction of the government, then the Retailer may assign its benefits and obligations under this Agreement to that new company without requiring the consent of the Distributor, and following such assignment this Agreement will be deemed to have been novated between the Distributor and the assignee, and the Retailer will have no further obligations or liabilities to the Distributor pursuant to the assigned Agreement.
Assignment and Agents. 22.1 Either party may assign (or subcontract) its rights or obligations under this Agreement provided that, where the assigning party reasonably considers that such assignment may have an operational or process impact on the other party, the assigning party must first provide reasonable notice of such assignment to the other party.
22.2 Any such assignment in clause 22.1 shall not relieve the assignor from liability for performance of any obligations, responsibilities or duties so assigned or subcontracted unless the other party, at its discretion, agrees otherwise.
22.3 Either party may novate this agreement to a third party subject to the written consent of the other party. Subject to the other party being satisfied as to the ability of the third party to meet its obligations under this agreement (including being respectable, responsible and having the financial resources to meet its obligations under this agreement), such consent shall not unreasonably be withheld. The Distributor may reasonably withhold its consent until the third party has first complied with the prudential requirements in clause 15.
22.4 Subject to approval of the appointment of an Electricity Retailer’s agent in accordance with clause 10, the parties may appoint agents to act on the party’s behalf. Any such appointment shall not relieve the parties making the appointment from responsibility for the acts, defaults, neglects or omissions of its agents.
22.5 The Electricity Retailer may notify the Distributor that one or more of its subsidiaries (“the Subsidiary”) may also be selling electricity to Consumers, and also wishes to become a party to this Agreement. Subject to the Subsidiary agreeing to be bound by the provisions of this Agreement, the Subsidiary shall become a supplementary party to this Agreement and be bound by it. In that event the Electricity Retailer and the Subsidiary shall each be responsible for the performance of the other, under this Agreement, and the Distributor shall treat the Electricity Retailer and the Subsidiary, as one party for the prudential requirements in clause 15, and such other provisions as may be applicable to give full effect to this provision.
22.6 This Agreement shall terminate upon the Electricity Retailer agreeing to become bound by the provisions of another delivery services agreement with the Distributor pursuant to a clause in that delivery services agreement similar to clause 22.5 in this Agreement. The Electricity Retailer shall give th...
Assignment and Agents. 23.1 Neither Party shall assign, encumber, novate nor otherwise dispose of its benefits or obligations under this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld.
23.2 Any such consent granted under Clause 23.1 shall not relieve the assignor from liability for performance of any obligations, responsibilities or duties so assigned.
23.3 Subject to approval of the appointment of a Retailer’s agent in accordance with Clause 10, the Parties may appoint agents to act on the Party’s behalf. Any such appointment shall not relieve the parties making the appointment from responsibility for the acts, defaults, neglects or omissions of its agents.
23.4 Either Party, upon giving reasonable notice, may assign its benefits and obligations under this Agreement to a wholly owned subsidiary without the consent of the other Party provided that the assignor provides an unconditional guarantee of the obligations assumed by the assignee.
Assignment and Agents