Common use of Assignment with Change of Control Clause in Contracts

Assignment with Change of Control. Seller may, upon written notice, assign its rights and obligations hereunder, or transfer such rights and obligations by operation of law, to any entity (a) with which or into which such Seller merges or consolidates; (b) which acquires greater than fifty percent (50%) of Seller’s equity interests or actual control of Seller; or (c) to which Seller transfers all or substantially all of its assets; in each case provided that such other entity agrees to be bound by the terms hereof.

Appears in 3 contracts

Samples: Certificate Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Assignment with Change of Control. Seller may, upon written notice, assign its rights and obligations hereunder, or transfer such rights and obligations by operation of law, to any entity (a) with which or into which such Seller merges or consolidates; (b) which acquires greater than fifty percent (50%) of Seller’s equity interests or actual control of Seller; or (c) to which Seller transfers all or substantially all of its assets; in each case provided that such other entity agrees to be bound by the terms hereof.or

Appears in 3 contracts

Samples: Renewable Energy Certificate Purchase and Sale Agreement, Renewable Energy Certificate Purchase and Sale Agreement, Certificate Purchase and Sale Agreement

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Assignment with Change of Control. Seller may, upon written notice, assign its rights and obligations hereunder, or transfer such rights and obligations by operation of law, to any entity (a) with which or into which such Seller merges or consolidates; (b) which acquires greater than fifty percent (50%) of Seller’s equity interests or actual control of Seller; or (c) to which Seller transfers all or substantially all of its assets; in each case provided that such other entity agrees to be bound by the terms hereof.. 1Article IX

Appears in 1 contract

Samples: Sale Agreement

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