Assignment Prior to Closing Clause Samples
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Assignment Prior to Closing. Purchaser may assign its rights or delegate its duties under this agreement at any time on or before Closing, and, upon execution by the assignee of an assignment agreement pursuant to which said assignee agrees to assume all obligations of Purchaser hereunder, Purchaser shall be released from its obligations hereunder.
Assignment Prior to Closing. The Company shall have transferred, assigned or distributed the Company’s rights, title and interest in and to that certain Forbearance Agreement dated April 29, 2016, by and among Empire Coal Holdings, LLC, the Company, Revelation Energy, LLC and Empire Coal Processing, LLC.
Assignment Prior to Closing. Prior to the Closing, neither Party may assign or otherwise transfer this Agreement, in whole or in part, without the prior written consent of the other Party, except that (i) Seller may assign this Agreement in its entirety to an Affiliate of Seller to which Seller’s interests under the GGL Agreements may be assigned for so long as such Affiliate remains an Affiliate of Seller and if Seller guarantees the performance of this Agreement by such Affiliate; (ii) Purchaser may assign this Agreement in its entirety to an Affiliate of Purchaser for so long as such Affiliate remains an Affiliate of Purchaser and if Purchaser guarantees the performance of this Agreement by such Affiliate, and (iii) each of Seller and Purchaser may and shall assign this Agreement in its entirety to a successor to all or substantially all of the assets of such Party whether by merger, sale of stock, sale of assets or other similar transaction.