ASSIGNMENT; CHANGE IN OWNERSHIP/CONTROL Clause Samples
ASSIGNMENT; CHANGE IN OWNERSHIP/CONTROL. SELLER may not assign, delegate, or subcontract its rights, duties, or obligations under this Order without the prior written consent of BUYER, provided, however, SELLER may assign rights to be paid amounts due, or to become due, to a financing institution if BUYER is promptly furnished a signed copy of such assignment reasonably in advance of the due date for payment of any such amounts. Amounts assigned shall be subject to setoff or recoupment for any present or future claims of BUYER against SELLER. BUYER shall have the right to make settlements and/or adjustments in price without notice to any assignee financing institution. In the event of a change in control or ownership of SELLER, SELLER must promptly notify BUYER thirty (30) days prior to the effective date, or within thirty (30) days of becoming aware of such transaction, whichever occurs sooner, and BUYER shall have the right in its sole discretion to terminate and/or modify this Agreement as it sees fit.
ASSIGNMENT; CHANGE IN OWNERSHIP/CONTROL. (a) No Assignment - JMC may not, directly or indirectly, sell, assign, delegate or otherwise transfer this agreement and/or any of JMC’s rights or obligations hereunder without NFSI’s prior written consent. If NFSI does not consent, it will have the right to terminate by giving written notice, which termination will be effective 24 months from the date of NFSI’s non-consent.