Common use of Assignment of Rights and Duties Clause in Contracts

Assignment of Rights and Duties. Either party may assign the rights and duties under this Agreement, either in whole or in part, only with the prior written consent of the other party. No permitted assignment hereunder shall be deemed effective until the assignee shall have executed and delivered an instrument in writing reasonably satisfactory in form and substance to the other party pursuant to which the assignee assumes all of the obligations of the assigning party hereunder. Any purported assignment of this Agreement in violation of this Article 50 — ASSIGNMENT OF RIGHTS AND DUTIES shall be void.

Appears in 2 contracts

Samples: Supply Agreement (Core Molding Technologies Inc), Supply Agreement (Core Molding Technologies Inc)

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Assignment of Rights and Duties. Either party may assign the rights and duties under this Agreement, either in whole or in part, only with the prior written consent of the other party. No permitted assignment hereunder shall be deemed effective until the assignee shall have executed and delivered an instrument in writing reasonably satisfactory in form and substance to the other party pursuant to which the assignee assumes all of the obligations of the assigning party hereunder. Any purported assignment of this Agreement in violation of this Article 50 ASSIGNMENT OF RIGHTS AND DUTIES shall be void.

Appears in 1 contract

Samples: Term of Agreement (Core Molding Technologies Inc)

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Assignment of Rights and Duties. Either party Party may assign the rights and duties under this Agreement, either in whole or in part, only with the prior written consent of the other partyParty. No permitted assignment hereunder shall be deemed effective until the assignee shall have executed and delivered an instrument in writing reasonably satisfactory in form and substance to the other party Party pursuant to which the assignee assumes all of the obligations of the assigning party Party hereunder. Any purported assignment of this Agreement in violation of this Article 50 — 49 - ASSIGNMENT OF RIGHTS AND DUTIES shall be void.

Appears in 1 contract

Samples: Supply Agreement (Core Molding Technologies Inc)

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