Common use of Assignment by CEB Clause in Contracts

Assignment by CEB. (a) This Agreement shall not be assigned by CEB to any person, save and except with the prior consent in writing of Seller. (b) CEB may assign or transfer all or part of its rights, benefits or obligations under this Agreement without Seller’s prior consent, in the event of the restructuring of its assets, the changing of its ownership, its merger or consolidation with any other company or its conversion into a company organised and incorporated under the Companies Xxx 0000, of the Republic of Mauritius pursuant to any privatisation, restructuring or similar development, providing the entity to whom the assignment or transfer is made assumes and becomes fully liable to perform CEB’s obligations under this Agreement.

Appears in 3 contracts

Samples: Power Purchase Agreement, Energy Supply and Purchase Agreement, Power Purchase Agreement

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Assignment by CEB. (a) This Agreement shall not be assigned by CEB to any person, save and except with the prior consent in writing of Seller. (b) CEB may assign or transfer all or part of its rights, benefits or obligations under this Agreement without Seller’s prior consent, in the event of the restructuring of its assets, the changing of its ownership, its merger or consolidation with any other company or its conversion into a company organised and incorporated under the Companies Xxx 0000Act 2001, of the Republic of Mauritius pursuant to any privatisation, restructuring or similar development, providing the entity to whom the assignment or transfer is made assumes and becomes fully liable to perform CEB’s obligations under this Agreement.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Assignment by CEB. (a) This Agreement shall not be assigned by CEB to any person, save and except with the prior consent in writing of Seller. (b) CEB may assign or transfer all or part of its rights, benefits or obligations under this Agreement without Seller’s Seller‟s prior consent, in the event of the restructuring of its assets, the changing of its ownership, its merger or consolidation with any other company or its conversion into a company organised and incorporated under the Companies Xxx 0000Act 2001, of the Republic of Mauritius pursuant to any privatisation, restructuring or similar development, providing the entity to whom the assignment or transfer is made assumes and becomes fully liable to perform CEB’s CEB‟s obligations under this Agreement.

Appears in 1 contract

Samples: Energy Supply and Purchase Agreement

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Assignment by CEB. (a) This Agreement shall not be assigned by CEB to any person, save and except with the prior consent in writing of Seller. (b) . CEB may assign or transfer all or part of its rights, benefits or obligations under this Agreement without Seller’s prior consent, in the event of the restructuring of its assets, the changing of its ownership, its merger or consolidation with any other company or its conversion into a company organised and incorporated under the Companies Xxx 0000Act 2001, of the Republic of Mauritius pursuant to any privatisation, restructuring or similar development, providing the entity to whom the assignment or transfer is made assumes and becomes fully liable to perform CEB’s obligations under this Agreement.

Appears in 1 contract

Samples: Energy Supply and Purchase Agreement

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