Assignment of Franchise. 3.1 Without written consent of Party A, Party B shall not assign the franchise hereunder to any third party.
3.2 Without written consent of Party A, Party B shall not assign the franchise hereunder neither by assigning the Training Center to a third party nor by contracting out the operation right of the Training Center or otherwise.
3.2.1 If Party B invests in and sets up a limited liability company (“Operating Company”) to operate the Training Center, then, without written consent of Party A, Party B shall not assign its equity in such Operating Company.
3.2.2 If the Operating Company invests in and sets up an education and training entity which effectively operates the Training Center, then without written consent of Party A, Party B or such Operating Company shall not assign their investment in such education and training entity nor shall the shareholding structure of such Operating Company be subjected to any change.
3.3 Party B shall ensure continuing control over the Training Center and shall hold no less than 35% of the equity interest in the Training Center.
3.4 Party B shall within ten (10) days of lawful establishment of the Training Center submit to Party A for record a photocopy of the business license, articles of association, shareholder (investor) register, tax registration certificate, organization and institution code certificate and other incorporation materials of the Training Center.
3.5 In the event of a material change to the Training Center, including without limitation a change of the shareholders, legal representative (responsible person/investor/sponsor), an increase or decrease of registered capital, a change of the shareholding structure, asset transfer, a written consent thereto shall be obtained from Party A and relevant materials shall be submitted to Party A for record in accordance with the Management Rules of Party A.
3.6 If, during the term of this Contract, Party A assigns the franchise operation right to its parent company or its fully-owned subsidiary due to its business development needs, Party A shall notify Party B accordingly and this Contract shall remain valid, with the powers and obligations of Party A hereunder to be enjoyed or performed by such parent company or fully-owned subsidiary of Party A.
Assignment of Franchise. Pursuant to the written permission of the City, which shall not be unreasonably withheld, the Company shall have the right to assign this franchise, and the rights and privileges herein granted, to any person, firm or corporation, and any such assignee, by accepting such assignment, shall be bound by the terms and provisions hereof. If the Company should seek approval to assign this franchise, the Company shall notify the City in writing. All such assignments shall be in writing and authenticated copies thereof shall be filed with the City Clerk. This franchise shall be assignable only in accordance with the laws of the State of Kansas, as the same may exist at the time when any assignment is made.
Assignment of Franchise. (a) As of the Effective Date, Assignor hereby assigns, conveys, transfers and sets-over to Assignee any and all of Assignor's right, title and interest in and to the Franchise and any and all of Assignor's responsibilities and obligations under the Franchise, such assignment being upon all of the terms and conditions as contained in the Franchise.
(b) Assignor hereby covenants and warrants to Assignee that Assignor has performed all of the obligations to be performed by Assignor pursuant to and in accordance with Assignment and Assumption of Franchise 9/13/95 Page 1 2 the terms of the Franchise and that Assignor is not in default or breach of any provisions of the Franchise, including, but not limited to the timely payment of the franchise fee, and that the same is in full force and effect.
(c) Exhibit C-1 is a true, correct and complete copy of the Franchise.
Assignment of Franchise. A. No assignment of this Franchise shall take place, whether by forced or voluntary sale, lease, or assignment, without prior written notice to and approval by the Board, which approval shall not be unreasonably withheld. The notice shall include full identifying particulars of the proposed transaction; including, but not limited to, the name, address, telephone number, facsimile number, and, if available, the e-mail address of the contact person for notification purposes under this Franchise Agreement after completion of the transaction. The Board shall act by resolution to approve or deny continued operation of the Franchise pursuant to this Franchise Agreement after completion of the transaction. The Board shall have forty-five (45) days within which to approve or disapprove a proposed assignment of this Franchise Agreement. If no action is taken within such forty-five (45) day period, approval shall be deemed to have been given. This subsection does not apply to any restructuring, recapitalization or refinancing that does not change the effective control of Franchisee or the responsible party for purposes of meeting the responsibilities of this Franchise Agreement.
B. Franchisee shall have the right to mortgage, pledge or otherwise hypothecate the assets of its Cable Television System including the rights granted under this Franchise without the approval of the Board.
Assignment of Franchise. Pursuant to the written permission of the City and the submission of FCC form 394 or such successor form, the Grantee shall have the right to assign the Franchise granted under this Ordinance, and the associated rights and privileges to any person, firm or corporation, and any such assignee, by accepting such assignment, shall be bound by the terms and provisions hereof. If the Grantee should seek approval to assign this Franchise, the Grantee shall notify the City in writing. All such assignments shall be in writing and authenticated copies thereof shall be filed with the City Clerk. This Franchise shall be assignable only in accordance with federal law and the laws of the State of Kansas, as the same may exist at the time when any assignment is made. In the event that Grantee assigns this Franchise to a wholly owned subsidiary or affiliate of Grantee, such assignment shall require thirty (30) days prior written notice to the City and shall not require City approval.
Assignment of Franchise. The Company shall have the right to assign this franchise, and the rights and privileges herein granted, to any person, firm or corporation, subject to the approval of the State Corporation Commission, and any such assignee, by accepting such assignment, shall be bound by the terms and provisions hereof. If the Company should seek approval to assign this franchise, the Company shall notify the City in writing and provide a copy of the Company's filing with the State Corporation Commission. All such assignments shall be in writing and authenticated copies thereof shall be filed with the City Clerk. (Ord. 6450)
Assignment of Franchise. Grantee shall not assign this Franchise to any person, firm or corporation without the prior written approval of the Charter Township Board. The Charter Township shall not unreasonably withhold its consent to an assignment if the Assignee is financially able to carry out the Grantee’s obligations under this Franchise. The assignment of this Franchise to a subsidiary, division, or affiliated corporation of Grantee or its parent corporation shall not be considered an assignment requiring the consent of the Charter Township Board.
Assignment of Franchise. (a) As of the Effective Date, Assignor hereby assigns, conveys, transfers and sets-over to Assignee any and all of Assignor's right, title and interest in and to the Franchise and any and all of Assignor's responsibilities and obligations under the Franchise, such assignment being upon all of the terms and conditions as contained in the Franchise.
(b) Assignor hereby covenants and warrants to Assignee that Assignor has performed all of the obligations to be performed by Assignor pursuant to and in accordance with the terms of the Franchise and that Assignor is not in default or breach of any provisions of the Franchise, including, but not limited to the timely payment of the franchise fee, and that the same is in full force and effect.
(c) Exhibits C-1(A) and (B) are true, correct and complete copies of the agreement and ordinance which comprise the cable television franchise with the City.
Assignment of Franchise. This franchise shall be binding upon and inure to the benefit of the successors, legal representatives and assigns of the Grantee; but no transfer of this franchise by merger, consolidation, sale, assignment or otherwise shall be made unless the City Council first consents by resolution.
Assignment of Franchise. FHR-Corpus hereby assigns, transfers, grants and conveys unto FHR-Ingleside all of its right, title and interest in and to the Franchise effective as of the Effective Date. As a material inducement to obtain FHR-Ingleside’s acceptance of the Franchise and assumption of FHR-Corpus’s obligations thereunder after the Effective Date, FHR-Corpus hereby represents and warrants to FHR-Ingleside that the Franchise is unmodified and in full force and effect, that all terms of the Franchise required to be observed or performed by FHR-Corpus thereunder have been observed and performed, and that FHR-Corpus has received no notice from PCCA of any default under the Franchise.
