Common use of Assignment of Ashland’s Ashland Put Right and Special Termination Right Clause in Contracts

Assignment of Ashland’s Ashland Put Right and Special Termination Right. In the event of an assignment by Ashland of its rights and obligations under this Agreement to a third party pursuant to this Section 15.02, Ashland’s rights and obligations related to its Ashland Put Right and its Special Termination Right shall also be assigned to such third party; provided that such third party shall not be permitted to exercise the Ashland Put Right until the third anniversary of the date of such assignment.

Appears in 3 contracts

Samples: Standstill Agreement (Ashland Inc), Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Marathon Oil Corp)

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Assignment of Ashland’s Ashland Put Right and Special Termination Right. In the event of an assignment by Ashland of its rights and obligations under this Agreement to a third party pursuant to this Section 15.02, Ashland’s 's rights and obligations related to its Ashland Put Right and its Special Termination Right shall also be assigned to such third party; provided that such third party shall not be permitted to exercise the Ashland Put Right until the third anniversary of the date of such assignment.

Appears in 2 contracts

Samples: Ashland Inc, Ashland Inc

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