Common use of Assignment and Security Interests Clause in Contracts

Assignment and Security Interests. 18.1 Without prejudice to the provisions of Article 8, the Customer shall be entitled to assign, transfer, sell or otherwise dispose of its rights and obligations under this Agreement in whole or in part (including grant of a security interest by way of pledge, with or without additional step-in rights, or otherwise) subject to the prior written consent of GSB, which shall not be unreasonably withheld but may be withheld in the circumstances where the proposed assignee: