Assignment, Lease and Transfer Clause Samples
The "Assignment, Lease and Transfer" clause governs the conditions under which a party may transfer its rights or obligations under the agreement to another party. Typically, this clause outlines whether such transfers require the prior written consent of the other party, and may specify exceptions or procedures for obtaining approval. Its core function is to maintain control over who is involved in the contract, thereby protecting the interests of the original parties and preventing unwanted or unapproved changes in contractual relationships.
Assignment, Lease and Transfer. Any lease or transfer that requires physical access to INDOT’s right of way by a Licensee, and not on behalf of Operator, will necessitate that Licensee enter into a separate agreement with INDOT. Any assignment of Operator’s obligations under this Agreement shall be in accordance with Section 8.1.
Assignment, Lease and Transfer. INDOT shall allow Operator to lease or transfer any of the fiber or use of any Conduit in the Improvements consistent with an IRU. Any lease or transfer that requires physical access to INDOT’s right of way by a Licensee, and not on behalf of Operator, will necessitate that Licensee enter into a separate agreement with INDOT. Any assignment of Operator’s obligations under this Agreement shall be in accordance with Section 9.1.