Assignment and Security. 34.1 Without prejudice to any assignment or other transfer of the rights or obligations of either Party under this Agreement required or effected by or under statute or by operation of law, and save as permitted by this clause or with the prior written consent of the other Party, neither Party may assign this Agreement or the rights arising under this Agreement nor create any security over this Agreement or such rights or over any property or rights forming part of the Toll Road.
34.2 For the purpose of financing the construction or operation of the Toll Road, the Developer may in security assign its rights under this Agreement to the Lenders (or the Lenders' Agent) and create any other forms of security over it or over any property or rights forming part of the Toll Road to the Lenders (or the Lenders' Agent) provided that all such rights and forms of security (but for the avoidance of doubt not including security over the Project Agreements) shall cease in relation to the Toll Road upon termination of this Agreement.
34.3 The Grantor shall upon the request of the Developer enter into a direct agreement with the Lenders in a form approved by the Grantor.
34.4 The Grantor may transfer or assign its rights and obligations under this Agreement to a different company wholly owned by the State and/or a governmental department and the Developer shall co-operate with the Grantor in completing the formalities of any transfer or assignment including by executing any additional documents as may be required by the Grantor PROVIDED THAT at the same time the Grantor procures that the Government Guarantee is amended to guarantee the obligations of such assignee or transferee on the same terms as the Grantor's obligations are guaranteed. All costs of such an assignment shall be borne by the Grantor and/or the assignee or transferee.
Assignment and Security. The Lessee and the Lessor may not assign or transfer or purport to assign or transfer any right or obligation under this Agreement without the written consent of the FleetCo Security Agent, save that the Lessor may enter into an assignment by way of security or grant a right of pledge over, amongst other things, certain of the Lessor's rights, title and interest in and under this Agreement pursuant to or as contemplated in any Transaction Document.
Assignment and Security. Assignment of Receivables, Legal Cause 10. Cheques, Direct Debit, Bills of Exchange
Assignment and Security a. LICENSEE shall not assign this Agreement to any other party, and any attempt by LICENSEE to assign it shall be void ab initio. LICENSEE agrees to implement and maintain adequate and commercially reasonable security measures to ensure LICENSEE’s compliance with the provisions, terms, restrictions, and warranties set forth in this Agreement.
Assignment and Security. 14.1.1 Notwithstanding any change in the law of India after the date hereof which might otherwise permit the assignment of this Agreement, no party may (save as permitted pursuant to Article 14.1.2) assign this Agreement or any right or obligation arising under or pursuant to it or any benefit or interest herein or create or permit to subsist any Security over this Agreement or any right or obligation arising under or pursuant to it or any benefit or interest in it.
14.1.2 For the purposes of providing Security to the Lenders, BIAL may assign and transfer certain or all of its rights and obligations under this Agreement provided that BIAL shall first notify GoI of the identity of any Lenders to whom it intends to assign and transfer its rights and obligations under this Agreement in accordance with this Article. GoI, acting reasonably, shall be entitled, within a period of ten (10) days of such notice to notify BIAL that it objects to the assignment or transfer to one or more of the Lenders so notified by BIAL in which event BIAL shall not be permitted to assign and transfer its rights and obligations under this Agreement to those Lenders so notified by GoI.
14.1.3 BIAL covenants that it will not delegate, whether by sub-concession or otherwise, all of its rights and obligations under this Agreement.
Assignment and Security. (a) This Agreement may not be assigned by either Party other than by mutual agreement between the Parties in writing. Notwithstanding the foregoing, the Company may, upon prior written notice to the GOL, assign all or part of the Company’s right, title, and interest in this Agreement to the Lenders.
(b) In connection with any permitted assignment by the Company pursuant to Section 13.1(a), the GOL shall promptly execute a direct agreement, including such terms or provisions as are customary for transactions similar to the Project and/or reasonably requested by the Lenders, and such other documents, including any amendments to this Agreement, which are reasonably required by the Lenders and which are in form and substance reasonably acceptable to the Parties; provided, however, that the GOL shall have a reasonable period of time prior to the execution of such direct agreement within which to review any related Financing Documents; provided, further, that nothing in the foregoing shall be construed as a condition for the perfection of the permitted assignment set forth in Section 13.1(a). The GOL shall respond to reasonable requests by the Lenders for information regarding the GOL and this Agreement.
Assignment and Security. 14.1.1 Notwithstanding any change in the law of India after the date hereof which might otherwise permit the assignment of this Agreement, no party may (save as permitted pursuant to Article 14.1.2) assign this Agreement or any right or obligation arising under or pursuant to it or any benefit or interest herein or create or permit to subsist any Security over this Agreement or any right or obligation arising under or pursuant to it or any benefit or interest in it.
14.1.2 For the purposes of providing Security to the Lenders, HIAL may assign and transfer certain or all of its rights and obligations under this Agreement provided that HIAL shall first notify GoI of the identity of any Lenders to whom it intends to assign and transfer its rights and obligations under this Agreement in accordance with this Article. XxX, acting reasonably, shall be entitled, within a period of ten (10) days of such notice to notify HIAL that it objects to the assignment or transfer to one or more of the Lenders so notified by HIAL in which event HIAL shall not be permitted to assign and transfer its rights and obligations under this Agreement to those Lenders so notified by GoI.
14.1.3 HIAL covenants that it will not delegate, whether by sub-concession or otherwise, all of its rights and obligations under this Agreement; provided however HIAL may employ contractors for construction, operation and maintenance and for discharging some of its obligations under this Agreement. For the avoidance of doubt, it is stated that engagement of contractors by HIAL for discharging some of its obligations shall not absolve the principal obligations of HIAL as contemplated in this Agreement.
Assignment and Security. During the Rental Period, the Customer agrees to, at its expense, promptly upon Miovision’s written request, execute and deliver such instruments and to take such other actions as may reasonably be necessary in the opinion of Miovision to perfect and keep perfected as against third parties the property, title and interest of Miovision in the Hardware. Miovision may record or register such documents at such times and at such places as it may consider appropriate and the Customer agrees to pay all costs in connection therewith. Without limiting the generality of the foregoing, the Customer appoints Miovision as its attorney to register a financing statement or other security interest in the Hardware in the favour of Miovision pursuant to the Personal Property Security Act (Ontario) or such replacement or other similar legislation in effect in the Province of Ontario from time to time. Miovision may assign or sell all or any portion of its right, title and interest in and/or grant a security interest in and to the Hardware to any person or corporation or to lenders or other parties providing funding (the “Assignees”). The Customer consents to such assignments and/or grants, agrees to promptly execute and deliver such further acknowledgement, agreements and other instruments as may be reasonably requested by the Assignee to effect such assignments and/or grants, from time to time, and agrees to comply fully with the terms of any such assignments and/or grants.
Assignment and Security. Each Concessionaire may by an instrument expressed to be governed by the laws of either France or England assign this Agreement or its rights hereunder, with the consent of the Principals, to any company.
Assignment and Security. 16 6.1 Assignment 16 6.2 Creation of Security 16
