Common use of Assignment by CENIT Clause in Contracts

Assignment by CENIT. Cenit may assign in whole or in part the Agreement, as well as any right or obligation contained in it, where the Sender’s authorization will not be necessary and provided that the assignee is not a person or entity that has been forbidden to enter into transactions or negotiations for persons of the United States of America, under any of the programs of sanction of the United States of America by the Office of Foreign Assets Control (“OFAC”) of the Treasury Department of the United States of America; or that has been included or is included in future within the sanctions imposed, among other, under the U. N. Security Council, the European Union or Switzerland.

Appears in 4 contracts

Samples: Transportation Agreement (Gran Tierra Energy Inc.), Transportation Agreement (Gran Tierra Energy Inc.), Transportation Agreement (Gran Tierra Energy Inc.)

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