Assignment Bankruptcy. 12.1 This Agreement is binding upon the successors and assigns of Provider and Xxxxxxxx. Merchant will not assign this Agreement to another entity without Provider's prior written consent and any purported assignment made without Provider's consent will be void.
Assignment Bankruptcy. Lessee shall not assign, mortgage, or pledge this Lease or any interest in it, or make any alterations, additions, or improvements to the Equipment, or permit the Equipment to be used by any person other than the Lessee or Lessee’s employees, without the prior written consent of the EDS. Xxxxxx agrees that neither this Lease nor any interest of the Lessee in this Lease shall be assignable or transferable by operation of law. It is hereby mutually agreed that in the event any proceeding under the Bankruptcy Act, or any amendment to the Act, is commenced by or against the Lessee, or in the event the Lessee is adjudged insolvent, makes any assignment for the benefit of Lessee’s creditors, or if a writ of attachment or execution is levied on the Equipment and is not released or satisfied within 10 days afterward, or if in any action or proceeding to which the Lessee is a party a receiver is appointed with authority to take possession or control of the Equipment, EDS may, at its option, terminate this Lease.
Assignment Bankruptcy
