Common use of Assignment; Binding Effect; Reorganization Clause in Contracts

Assignment; Binding Effect; Reorganization. This Agreement shall be binding on the respective transferees and successors of the Parties hereto, except that neither this Agreement nor either Party's rights or obligations hereunder shall be assigned or transferred by either Party without the prior written consent of the other Party (which consent shall not be unreasonably withheld); provided, however, no consent is necessary in the event of an assignment to a successor entity resulting from a merger, acquisition or consolidation by either Party or assignment to an entity under common control, controlled by or in control of either Party.

Appears in 1 contract

Samples: Distribution Agreement (Xm Satellite Radio Inc)

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Assignment; Binding Effect; Reorganization. This Agreement shall be binding on the respective transferees and successors of the Parties hereto, except that neither this Agreement nor either any Party's rights or obligations hereunder shall be assigned or transferred by either any Party without the prior written consent of the other Party Parties (which consent shall not be unreasonably withheld); provided, however, no consent is necessary in the event of an assignment to a successor entity resulting from a merger, acquisition or consolidation by either any Party or assignment to an entity under common control, ; controlled by or in control of either any Party.

Appears in 1 contract

Samples: Distribution Agreement (Canadian Satellite Radio Holdings Inc.)

Assignment; Binding Effect; Reorganization. This Agreement shall be ------------------------------------------ binding on the respective transferees and successors of the Parties hereto, except that neither this Agreement nor either Party's rights or obligations hereunder shall be assigned or transferred by either Party without the prior written consent of the other Party (which consent shall not be unreasonably withheld); provided, however, no consent is necessary in the event of an assignment to a successor entity resulting from a merger, acquisition or consolidation by either Party or assignment to an entity under common control, controlled by or in control of either Party.

Appears in 1 contract

Samples: Distribution Agreement (Xm Satellite Radio Holdings Inc)

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Assignment; Binding Effect; Reorganization. This Agreement shall be binding on the respective transferees and successors of the Parties hereto, except that neither this Agreement nor either a Party's ’s rights or obligations hereunder shall be assigned or transferred by either any Party without the prior written consent of the other Party Parties (which consent shall not be unreasonably withheld); provided, however, no consent is necessary in the event of an assignment to a successor entity resulting from a merger, acquisition or consolidation by either any Party or assignment to an entity under common control, controlled by or in control of either any Party.

Appears in 1 contract

Samples: Distribution Agreement (Xm Satellite Radio Inc)

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