Assignment or other dealing Sample Clauses
The "Assignment or other dealing" clause governs whether and how a party to a contract may transfer its rights or obligations to another party. Typically, this clause restricts or conditions the ability to assign the contract, often requiring the other party’s consent before any assignment or transfer can occur. For example, a supplier may not be able to assign its delivery obligations to a subcontractor without the buyer’s approval. The core function of this clause is to maintain control over who is responsible for performing under the contract, thereby protecting parties from unwanted or unknown third parties assuming contractual duties or benefits.
Assignment or other dealing. (a) The Service Provider must not assign or otherwise deal with its rights or obligations under this Contract or (except in the ordinary course of business) in respect of the Unregistered Service Equipment without AEMO’s written consent.
(b) AEMO must not unreasonably withhold or delay its consent under clause 16.4(a).
(c) AEMO (as a condition of consent under clause 16.4(a)) may require the Service Provider and the third-party to enter into a deed of novation with AEMO on terms that are reasonably satisfactory to AEMO under which the third-party agrees to assume obligations that are substantially equivalent to the Service Provider’s obligations under this Contract.
(d) Any purported assignment in breach of this clause 16.4 is invalid and of no legal effect.
Assignment or other dealing. The Tenant shall not any time assign, sublet, and grant any license whatsoever under any title such as management or investment contract or otherwise deal with or dispose of the Premises to any other party.
Assignment or other dealing. The Tenant will no! during the continuance of this Lease assign, sublet, part with possession or otherwise deal with or dispose of the Demised Premises or any part thereof. For the purposes hereof any change in the principal shareholding Of the Tenant altering (he effective control of the Tenant shall be deemed an assignment of this Lease.