Common use of Assignment/Transfer Clause in Contracts

Assignment/Transfer. 40.1 This Agreement is binding and enures to our mutual benefit and that of our respective successors and assigns. 40.2 In the absence of our prior written consent, you shall not charge, assign or transfer to any third party whether by security or otherwise your rights, benefits or obligations under this Agreement. 40.3 You further agree that we may, at any time, assign or transfer all or any part of our rights and obligations under this Agreement and may deliver all or any of the Assets held by us as security to our transferees, who shall then become vested with all the powers and rights in this Agreement and/or the Assets so transferred, and we shall thereafter be relieved and fully discharged from any liability or responsibility thereto.

Assignment/Transfer. 40.1 This Agreement is binding and enures to our mutual benefit benefit and that of our respective successors and assigns. 40.2 In the absence of our prior written consent, you shall not charge, assign or transfer to any third party whether by security or otherwise your rights, benefits benefits or obligations under this Agreement. 40.3 You further agree that we may, at any time, assign or transfer all or any part of our rights and obligations under this Agreement and may deliver all or any of the Assets held by us as security to our transferees, who shall then become vested with all the powers and rights in this Agreement and/or the Assets so transferred, and we shall thereafter be relieved and fully discharged from any liability or responsibility thereto.