Common use of Assignment and Change of Control Clause in Contracts

Assignment and Change of Control. 24.1 Supplier may not subcontract or assign any of its rights and obligations with regard to any part of the Deliverables without Buyer's prior written consent. Such consent does not exonerate Supplier from any obligations pursuant to the Agreement, and Supplier shall ensure that all HESQ requirements and all of Buyer’s rights pursuant to these General Terms and Conditions of Purchase are made applicable and binding for all subcontractors. Upon Buyer’s request, Supplier shall (i) submit reports on the use, performance and compliance of any subcontractors to Buyer; and (ii) obtain collateral warranties from subcontractors for the benefit of Buyer or other third parties. 24.2 Buyer is entitled to assign its rights and obligations pursuant to the Agreement, fully or partly, to any entity within the Yara Group. 24.3 Supplier shall notify Buyer without undue delay once a change of Control of Supplier has taken place.