Common use of Assignment, Novation and Transfer by Recipient Clause in Contracts

Assignment, Novation and Transfer by Recipient. Subject to clause 16.3, the Recipient must not: transfer; assign; novate; create any security or other interest in; or deal in any other way, with any of its right, title to or interest in this Funding Agreement (Dealing) without obtaining the prior written consent of the Departments (in their absolute discretion, with or without conditions). For the purposes of the Departments’ consent to a Dealing under this clause 16.2(a), the parties acknowledge and agree that: without limitation the Departments may consider the matters in clause 16.1(c); and

Assignment, Novation and Transfer by Recipient. (a) Subject to clause 16.3, the Recipient must not: not transfer; , assign; , novate; , create any security interest or other interest in; in or deal in any other way, way with any of its right, title to or interest in this Funding Agreement (Dealing) without obtaining the prior written consent of the Departments Department (in their its absolute discretion, with or without conditions). For the purposes of the Departments’ Department’s consent to a Dealing under this clause 16.2(a), the parties acknowledge and agree that: without limitation the Departments may consider the matters in clause 16.1(c); andthat clauses 16.1