Assignment to a Third Party Clause Samples
The "Assignment to a Third Party" clause defines the conditions under which one party to a contract may transfer its rights or obligations to another, unrelated party. Typically, this clause outlines whether such assignments are permitted, if prior written consent is required, or if certain exceptions apply, such as assignments in connection with a merger or sale of business assets. Its core practical function is to control and clarify the circumstances under which contractual duties or benefits can be shifted to others, thereby protecting the interests of the original parties and preventing unwanted or unexpected changes in contractual relationships.
Assignment to a Third Party. Current NFIP rules remain unchanged; therefore, an MPPP policy may be assigned to another mortgagor or mortgagee. Any such assignment must be through an endorsement, however.
Assignment to a Third Party. This Agreement, each Transaction and each of the rights and obligations arising thereunder for a Party shall not be transferred, assigned or granted as a security interest or as a guarantee without the prior written consent of the other Party. This provision does not apply to any of the claims of a Party corresponding to the Settlement Amount and/or any interest thereon that are due to it under the Agreement, provided that such transfer, assignment, security interest or guarantee does not impair the rights of the Non-Defaulting Party under Article 8.2.4 of the Agreement. This Article does not cover transfer or assignment transactions resulting from an outright transfer of assets governed by legal or regulatory provisions that are valid and enforceable according to applicable laws (as in the case of mergers and demergers), for which the prior written consent of the other Party shall not be necessary.
Assignment to a Third Party. The Receiving Party shall not be entitled to assign its rights or obligations under the Non-disclosure Agreement to a Third Party without prior consent from the Disclosing Party.
Assignment to a Third Party. This Agreement, each Transaction and each of the rights and obligations arising thereunder shall not be transferred or assigned to any third Party without the prior consent of the other Party. This Article does not cover transactions governed by statutory or regulatory provisions that result in a valid outright transfer of assets (as in the case of mergers and demergers), for which prior written consent of the other Party shall not be necessary.
Assignment to a Third Party. 16.1. Subject to clause 2.2, Fiboss may assign all or part of its rights and/or obligations under the Agreement to any third party without your consent.
16.2. You may not assign all or part of your rights and/or obligations under the Agreement without Fiboss’s prior written agreement.
Assignment to a Third Party. This Agreement, any Repurchase Transaction and any one of the rights and obligations deriving therefrom may not be transferred or assigned by either Party without the prior consent of the other Party.
Assignment to a Third Party. 10.1. No Party may assign this Agreement without the prior written approval of the other Party.
Assignment to a Third Party. At any time during the term of this Service Agreement, Presstek may assign its Service Obligations to a third-party service provider, in accordance with the terms herein.