Common use of Assignment; Change in Control Clause in Contracts

Assignment; Change in Control. This Agreement may not be assigned by either party without the prior written approval of the other party, (such approval not to be unreasonably withheld) except in connection with (i) a merger, consolidation, or similar transaction involving (directly or indirectly) a party, (ii) a sale or other disposition of all substantially all of the assets of a party, or (iii) any other form of combination or reorganization involving (directly or indirectly) such party. Any purported assignment in violation of this section shall be void.

Assignment; Change in Control. This Agreement may not be assigned by either party Party without the prior written approval of the other partyParty, (such approval not but may be assigned without the other Party’s consent to be unreasonably withheld) except in connection with (i) a merger, consolidation, parent or similar transaction involving (directly or indirectly) a partysubsidiary, (ii) a sale or other disposition an acquirer of all substantially all of the assets of a partyassets, or (iii) any other form of combination or reorganization involving (directly or indirectly) such partya successor by merger. Any purported assignment in violation of this section shall be void. Any actual or proposed change in control that results or would result in a direct competitor of either Party directly or indirectly owning or controlling 50% or more shall entitle such Party to terminate this Agreement for cause immediately upon written notice.