Assignment and Transfer (Article 14) Clause Samples

Assignment and Transfer (Article 14). 10 It is contemplated that Nalcor will, in all likelihood, transfer its interest in the water rights 11 on the lower ▇▇▇▇▇▇▇▇▇ River and the production facility to a subsidiary corporation. The 12 transfer of Nalcor’s interest will also include transfer of its rights and obligations pursuant 13 to the WMA. The WMA permits such a transfer in that it is expressly stated that such a 14 transfer may be made without the consent of the other party. In the event of a transfer to 15 an unrelated third party, which results in the transfer of substantially all of the assets 16 devoted to production, transmission, distribution and sale of power and energy of such 17 supplier, then the consent of the other party would be required. 18