Assignment by Corporation Sample Clauses

Assignment by Corporation. The Corporation may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Corporation or to the Corporation provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Corporation at the time of assignment. In the case of any such assignment, the term "Corporation" when used in a section of this Agreement shall mean the Corporation that actually employs the Employee.
AutoNDA by SimpleDocs
Assignment by Corporation. Notwithstanding anything in this Agreement, Executive agrees that this Agreement may be assigned by the Corporation.
Assignment by Corporation. Except as permitted by Section 10.4 of the Credit Agreement, the Corporation shall not and cannot assign its obligations under this Agreement, or take any steps or enter into any transaction of any nature which would have that effect, without the prior written consent of the Holder. Subject thereto, all obligations of the Corporation hereunder shall bind the Corporation and its successors and assigns.
Assignment by Corporation. The Corporation’s rights under the Lease Agreement, including rights to receive and enforce payments hereunder (except the rights of the Corporation under Sections 6.3 and 9.5 of the Original Lease Agreement), have been assigned to the Trustee pursuant to the Trust Agreement.
Assignment by Corporation. The Corporation may assign the whole of its rights, titles and interests under this YPSHA provided: the Corporation gives the Proponent at least 20 Business Days' notice prior to the proposed assignment; within 20 Business Days after giving the Proponent the notice referred to in clause 22.3(a), the proposed new corporation enters into a deed, in a form acceptable to the Proponent(acting reasonably), by which it agrees to be bound by this YPSHA and to assume all of the Corporation's obligations under this YPSHA, and provides a copy of that deed to the Proponent; and the Corporation does all other things necessary to give effect to the assumption by the new corporation of the obligations under this YPSHA. Effect of Assignment Once an assignment by a Proponent of all of its rights, title and interests under this YPSHA has occurred under clause 22.2, then the assigning Proponent will be deemed to have been released to the extent of the assignment from all claims and liabilities arising under or in respect of this YPSHA arising after the effective date of the assignment, but without affecting any claim or liability arising prior to such date. Once an assignment of this YPSHA has occurred under clause 22.2, the assigning Corporation will be deemed to have been released, to the extent of the assignment from all claims and liabilities arising under or in respect of this YPSHA arising after the effective date of the assignment, but without affecting any claim or liability arising prior to such date. Unless otherwise agreed by the Parties in writing or required by law, an assignment under this clause 22 shall not affect the operation of this YPSHA. No encumbrance No Party may grant an encumbrance, mortgage or charge in respect of the whole or any part of its rights, title and interests under this YPSHA. Notices Any notice: must be in writing and signed by a person duly authorised by the sender; must be delivered to the intended recipient by registered post or by hand, fax or email to the intended recipient's postal address, email address or fax number specified in Schedule 1 (or the address in Western Australia or fax number last notified in writing by the intended recipient to the sender, including where so notified in an Activity Notice given to the Corporation under clause 8.2); will be taken to be received by the recipient: in the case of delivery in person, when delivered; in the case of delivery by post, 3 Business Days after the date of posting; in the case ...
Assignment by Corporation. The parties understand that certain of the rights of the Corporation hereunder and under the Lease will be assigned to the Trustee pursuant to the Assignment Agreement, and accordingly the City agrees to make all payments due hereunder to the Trustee under the Trust Agreement, notwithstanding any claim, defense, setoff or counterclaim whatsoever (whether arising from a breach hereof or otherwise) that the City may from time to time have against the Corporation. The City agrees to execute all documents, including notices of assignment and chattel mortgages or financing statements which may be reasonably requested by the Corporation or the Trustee to protect their interests in the Leased Property during the term hereof.
Assignment by Corporation. Subject to the State's and the Government Parties' prior written consent, which may not be unreasonably withheld or delayed, the Corporation may assign the whole of its rights, titles and interests under this GSHA provided: (a) the Corporation gives the State and the Government Parties at least 20 Business Days' notice prior to the proposed assignment; (b) within 20 Business Days after giving the State and Government Parties the notice referred to in clause 22.2(a), the proposed new corporation enters into a deed, in a form acceptable to the State and the Government Parties (each acting reasonably), by which it agrees to be bound by this GSHA and to assume all of the Corporation's obligations under this GSHA, and provides a copy of that deed to the State and Government Parties; and (c) the Corporation does all other things necessary to give effect to the assumption by the new corporation of the obligations under this GSHA.
AutoNDA by SimpleDocs
Assignment by Corporation. The Corporation may assign the whole of its rights, titles and interests under this YPSHA provided: (a) the Corporation gives the Proponent at least 20 Business Days' notice prior to the proposed assignment; (b) within 20 Business Days after giving the Proponent the notice referred to in clause 22.3(a), the proposed new corporation enters into a deed, in a form acceptable to the Proponent(acting reasonably), by which it agrees to be bound by this YPSHA and to assume all of the Corporation's obligations under this YPSHA, and provides a copy of that deed to the Proponent; and (c) the Corporation does all other things necessary to give effect to the assumption by the new corporation of the obligations under this YPSHA.
Assignment by Corporation. Notwithstanding anything to the contrary in this Agreement, Manager acknowledges that Corporation may sell, transfer, assign, convey, encumber or hypothecate the Hotel or any part thereof or any constituent ownership interest in Corporation, or assign this Agreement, or any interest therein, to any Person who is not generally recognized in the community as being of ill repute and is not in any other manner a Person with whom a prudent businessperson would not wish to associate in a commercial venture.
Assignment by Corporation. VI-1 Sec. 6.02. Assignment by Issuer ......................... VI-2 ARTICLE VII Events of Default and Remedies
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!