Assignment of Option, Binding Effect Sample Clauses

Assignment of Option, Binding Effect. School may only assign the Option to Purchase to an assignee of School's entire interest in this Lease pursuant to Section 6.01.
Sample 1
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Assignment of Option, Binding Effect. Lessee may not assign this option to another charter school, school district, the State of New Mexico or one of its institutions, instrumentalities or other political subdivisions without the prior written approval of Lessor, without cost to Lessee, and with all of the rights and benefits of its predecessor in interest being transferred to the assignee. Such consent shall not be unreasonably withheld; provided that any costs associated with such assignment, including without limitation any amounts owed pursuant to the terms of the U.S. Quitclaim, shall be paid by assignee. Failure of assignee to pay such amounts shall be a reason for Lessor to reasonably withhold consent. Any assignment of this option shall be subject to the provisions of Section 22-26A-5(K) XXXX 0000.
Sample 1
Assignment of Option, Binding Effect. This Agreement is assignable only in accordance with the provisions of the Lease Purchase Act, Sections 22-26A-5(K) and -5.1, respectively. With the prior written consent of the County, but without cost to the School, School may assign this Agreement, with all of the rights and benefits of its predecessor in interest being transferred to the assignee, to another charter school, school district, the state or one of its institutions, instrumentalities or other political subdivisions. County’s consent to assignment shall not be unreasonably withheld.
Sample 1

Related to Assignment of Option, Binding Effect

  • Assignment; Binding Effect Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other parties. Subject to the preceding sentence, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

  • Assignment and Binding Effect This Agreement shall be binding upon and inure to the benefit of the Executive and the Executive’s heirs, executors, personal representatives, assigns, administrators and legal representatives. Because of the unique and personal nature of the Executive’s duties under this Agreement, neither this Agreement nor any rights or obligations under this Agreement shall be assignable by the Executive. This Agreement shall be binding upon and inure to the benefit of the Company and its successors, assigns and legal representatives.

  • Binding Effect; Assignment This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, successors and permitted assigns. This Agreement shall not be assigned by either party without the prior written consent of the other party hereto.

  • Binding Effect and Assignment This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but, except as otherwise specifically provided herein, neither this Agreement nor any of the rights, interests or obligations of the parties hereto may be assigned by either of the parties without prior written consent of the other.

  • BINDING EFFECTIVE AGREEMENT This Agreement shall be binding upon the parties hereto, their successors and assigns.

  • Binding Effect of Agreement This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, assigns and legal representatives.

  • Binding Effect; No Assignment This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns. This Agreement is not assignable by any party hereto without the prior written consent of the other parties hereto except by operation of law and any other purported assignment shall be null and void.

  • Binding Effect This Agreement shall be binding upon and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors, legal representatives and permitted assigns.

  • SUCCESSION AND BINDING AGREEMENT Except as otherwise set forth herein, all of the terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of the successors and assignees of Department and Concessionaire and binding on a Trustee in bankruptcy.

  • Benefit and Binding Effect This Agreement will benefit and bind the Parties and their heirs, executors, administrators, successors and permitted assigns and all persons claiming through them as if they had been a Party to this Agreement.

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