Common use of Assignment/Change in Corporate Identity Clause in Contracts

Assignment/Change in Corporate Identity. 14.1 This Agreement and all of the provisions hereof shall be binding upon, and inure to the benefit of, the Parties and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned, except to an Affiliate of NYSEG that owns the Transmission System or to an Affiliate of the Buyer that owns the Buyer's Purchased Assets, by either Party hereto, whether by operation of law or otherwise, without the prior written consent of the other Party, which consent shall not be unreasonably withheld. Any assignment of this Agreement in violation of the foregoing shall be, at the option of the non-assigning Party, void. Notwithstanding the foregoing, the Buyer may assign, transfer, pledge or otherwise dispose of its rights and interests hereunder to a trustee or lending institution(s) for the purposes of financing or refinancing the acquisition of the Buyer's Purchased Assets, including upon or pursuant to the exercise of remedies under such financing or refinancing, or by way of assignments, transfers, pledges, conveyances or dispositions in lieu thereof; provided, however, that no such assignment, transfer, pledge, conveyance, or disposition

Assignment/Change in Corporate Identity. 14.1 27.1 This Agreement and all of the provisions hereof shall be binding upon, upon and inure to the benefit of, of the Parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned, except to an Affiliate of NYSEG that owns the Transmission System or to an Affiliate of the Buyer that owns the Buyer's Purchased Assets, by either Party hereto, whether by operation of law or otherwise, assigned without the prior written consent of the other Party, which said consent shall not to be unreasonably withheld. Any assignment of this Agreement in violation of the foregoing shall be, at the option of the non-assigning Party, void. Notwithstanding the foregoing, the Buyer or its permitted assignee may assign, transfer, pledge or otherwise dispose of its rights right and interests hereunder to a trustee or lending institution(sinstitution (s) for the purposes of financing or refinancing the acquisition of the Buyer's Purchased Assets, including upon or pursuant to the exercise of remedies under such financing or refinancing, or by way of assignments, transfers, pledges, conveyances or of dispositions in lieu thereof; provided, however, that no such assignment or disposition shall relieve or in any way discharge Buyer or such assignee from the performance of its duties and obligations under this Agreement. Seller agrees to execute and deliver such documents as may be reasonably necessary to accomplish any such assignment, transfer, pledge, conveyance, pledge or dispositiondisposition of rights hereunder for purposes of the financing or refinancing of the Purchased Assets, so long as Seller's rights under this Agreement are not thereby altered, amended, diminished or otherwise impaired.

Assignment/Change in Corporate Identity. 14.1 27.1 This Agreement and all of the provisions hereof shall be binding upon, upon and inure to the benefit of, of the Parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned, except to an Affiliate of NYSEG that owns the Transmission System or to an Affiliate of the Buyer that owns the Buyer's Purchased Assets, by either Party hereto, whether by operation of law or otherwise, assigned without the prior written consent of the other Party, which said consent shall not to be unreasonably withheld. Any assignment of this Agreement in violation of the foregoing shall be, at the option of the non-assigning Party, void. Notwithstanding the foregoing, the Buyer or its permitted assignee may assign, transfer, pledge or otherwise dispose of its rights right and interests hereunder to a trustee or lending institution(sinstitution (s) for the purposes of financing or refinancing the acquisition of the Buyer's Purchased Assets, including upon or pursuant to the exercise of remedies under such financing or refinancing, or by way of assignments, transfers, pledges, conveyances or of dispositions in lieu thereof; provided, however, that no such assignment, transfer, pledge, conveyance, assignment or dispositiondisposition shall relieve or in any way discharge Buyer or such assignee from the performance of its duties and obligations under this Agreement. Seller agrees to execute and deliver such

Assignment/Change in Corporate Identity. 14.1 27.1 This Agreement and all of the provisions hereof shall be binding upon, upon and inure to the benefit of, of the Parties hereto and their theft respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned, except to an Affiliate of NYSEG that owns the Transmission System or to an Affiliate of the Buyer that owns the Buyer's Purchased Assets, by either Party hereto, whether by operation of law or otherwise, assigned without the prior written consent of the other Party, which said consent shall not to be unreasonably withheld. Any assignment of this Agreement in violation of the foregoing shall be, at the option of the non-assigning Party, void. Notwithstanding the foregoing, the Buyer or its permitted assignee may assign, transfer, pledge or otherwise dispose of its rights right and interests iiterests hereunder to a trustee or lending institution(sinstitution (s) for the purposes of financing or refinancing the acquisition of the Buyer's Purchased Assets, including upon or pursuant to the exercise of remedies under such financing or refinancing, or by way of assignments, transfers, pledges, conveyances or of dispositions in lieu thereof; thereof provided, however, that no such assignment or disposition shall relieve or in any way discharge Buyer or such assignee from the performance of its duties and obligations under this Agreement. Seller agrees to execute and deliver such documents as may be reasonably necessary to accomplish any such assignment, transfer, pledge, conveyance, pledge or dispositiondisposition of rights hereunder for purposes of the