Assignment/Name Change. This grant agreement shall be binding upon the parties and their respective successors and assignees. The Grantee may not assign, in whole or in part, this grant agreement or its rights, duties, obligations, or responsibilities hereunder without the prior written consent of the Department, which consent may be withheld at the sole and absolute discretion of the Department. For the purposes of this grant agreement, the term "assign" shall include, but shall not be limited to, the sale, gift, assignment, pledge, or other transfer of any ownership interest in the Grantee. Any assignment consented to by the Department shall be evidenced by a written assignment agreement executed by the Grantee and its assignee, in which the assignee agrees to be legally bound by all of the terms and conditions of the grant and to assume the duties, obligations, and responsibilities being assigned. A change of name by the Grantee, following which the Grantee's federal identification number remains unchanged, shall not be considered to be an assignment hereunder. The Grantee shall give the Department written notice of any such change of name.
Appears in 8 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
