Assignment to Third Parties Sample Clauses

Assignment to Third Parties. EVERTEC may assign all of its rights, duties and obligations (or those rights, duties and obligations arising after the effectiveness of the assignment) in a transaction with a third-party assignee (an “Asset Acquirer”) if (i) such Asset Acquirer is identified by EVERTEC to Popular and BPPR at least 30 Business Days prior to the consummation of the proposed assignment; (ii) such Asset Acquirer (A) acquires at least 90% of the consolidated gross assets (excluding cash) of EVERTEC and its Subsidiaries and (B) assumes at least 90% of the consolidated gross liabilities (excluding Indebtedness) of EVERTEC and its Subsidiaries (including the assignment and assumption of all commercial agreements between EVERTEC or any of its Subsidiaries, on the one hand, and Popular, BPPR or any of their respective Subsidiaries, on the other hand) through one legal entity; (iii) neither the Asset Acquirer nor any of its Affiliates is engaged, directly or indirectly, in the banking, securities, insurance or lending business, from which they derive aggregate annual revenues from Puerto Rico in excess of $50 million unless none of them has a physical presence in Puerto Rico that is used to conduct any such business; (iv) the Asset Acquirer will be Solvent immediately after and giving effect to such proposed assignment; and (v) EVERTEC reasonably believes that the Asset Acquirer, after completion of the proposed purchase and assumption transaction, will be capable of providing the Services at the level of service required under this Master Agreement.
AutoNDA by SimpleDocs
Assignment to Third Parties. Except as provided in Section 12.1 above, Tenant shall not assign or encumber its interest in this Lease or the Premises or sublease all or any portion of the Premises without first obtaining Landlord's written consent, which consent shall not be unreasonably withheld. Landlord shall give written notice of its consent or its determination not to consent within thirty (30) days following written request for such consent given by Tenant to Landlord. Any assignment, encumbrance or sublease without Landlord's prior written consent shall be voidable and at Landlord's election shall constitute a default.
Assignment to Third Parties. If any Party shall receive and is willing to accept a bona fide offer for the acquisition of all or a portion of its interest in this Contract, the Petroleum Agreement, the Exploration Permit(s) and Exploitation Concession(s), the said Party hereinafter called "Ceding Party" shall notify thereof in writing to the other Parties.
Assignment to Third Parties. 33.1 The funds deposited in the account may not be pledged, assigned or transferred to third persons or institutions as guarantees for any loan and any other obligations except to mediate written permission of the Bank.
Assignment to Third Parties. In the event that a Party wishes to assign, sell or transfer to a third party all or part of its rights and obligations established in this Contract or its annexes or in the agreements signed between them with this same date, it must have prior authorization and in writing by the other Party, which may not deny it without just cause.
Assignment to Third Parties. No Party may assign its interest under this Agreement without the prior written consent of the other Party.
Assignment to Third Parties. Neoomatic is fully entitled to assign, grant, transfer or sublicense any and all of its rights provided for herein, including any rights with regards to information or data, wholly or in part, to any third party whatsoever. This means that the agreement between User and Neoomatic on the terms set under the Terms and Conditions may be assigned, in full or in part by Neoomatic , but not by the User. These privileges as well as the limitations of liability are Neoomatic ’s one-sided prerogatives under these Terms and Conditions but this Site would not be feasible without them. No Waiver: Neoomatic ’s acquiescence to any breach of These Terms and/or failure to exercise any right provided for herein shall be without prejudice to Neoomatic ’s legal rights and remedies, and shall not be held to preclude and/or debar it from exercising or seeking any of the same. NEOOMATIC Severability: Should any provision herein be deemed void or invalid by any court of law having proper jurisdiction, such provision shall be severed, and shall not in any way vitiate or detract from the effect and/or validity of any or all remaining provisions herein. This means that if a specific article in these Terms and Conditions is ruled by a competent court as unenforceable for any reason, then such ruling shall only apply to the respective specific articles or provisions and not to this entire agreement. How to Contact Us: Should you have other questions or concerns, please contact us anytime. DEPOSIT AND WITHDRAWAL POLICY (WD POLICY) Trading in any investment opportunity that may generate profit requires Neoomatic ’s customers to deposit money on their online account. Profits may be withdrawn from the online account. Deposits and withdrawals are regulated by this WD policy as well as the generally applicable terms and conditions. DEPOSITS You, the Client, have to perform all the deposits from a source (e.g. single bank account). If you want to start trading, you should make sure this account is in your country of residence and in your name. In order to certify that a SWIFT confirmation is authentic, it has to be sent to Neoomatic to confirm the origin of the money which will be used for trading. If you don’t comply with this WD policy, you may be prevented from depositing the money via Bank/Wire Transfer. If you did not login and traded from your account within three (3) months, your Account will be subject to a deduction of 10% each month. WITHDRAWALS According to generally acceptable r...
AutoNDA by SimpleDocs
Assignment to Third Parties. The Company agrees that partnership may freely assign or otherwise transfer all rights afforded by this Purchase Agreement to any third party provided such third party executes and agreement stating it is subject to all the terms and conditions of this Purchase Agreement and that certain Supply Agreement
Assignment to Third Parties. Libro may without notice of any kind sell, assign or transfer to any third party all or any of the Borrower's indebtedness and liability to Libro, and in such event each and every immediate and successive assignee, transferee or holder of all or any of such indebtedness and liability shall have the right to enforce this Guarantee by suit or otherwise for the benefit of such assignee, transferee or holder as fully as if such assignee, transferee or holder were herein by name specifically given such rights, powers and benefits, but Libro shall have an unimpaired right, prior and superior to that of any such assignee, transferee or holder, to enforce this Guarantee as to so much of such indebtedness and liability as Libro may not have sold, assigned or transferred.
Assignment to Third Parties. Company may, in its discretion, assign its rights and (where permissible by law) its obligations under this Agreement, in whole or in part, to any third party at any time without notice, including, without limitation, to any person or entity acquiring all or substantially all of the assets or business of Company. You may not assign this Agreement or the rights and duties hereunder, in whole or in part, to any third party without the prior written consent of Company.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!