Assignments Before Closing Sample Clauses
The "Assignments Before Closing" clause governs whether and how a party to a contract may transfer its rights or obligations to another party prior to the formal closing of a transaction. Typically, this clause outlines any restrictions or conditions on such assignments, such as requiring the other party's written consent or limiting assignments to affiliates. For example, a seller in a real estate deal may be prohibited from assigning the contract to another buyer before closing unless the buyer agrees. The core function of this clause is to maintain control and certainty over the parties involved in the transaction until it is finalized, thereby preventing unexpected changes that could affect the deal's terms or execution.
Assignments Before Closing. Neither Party may assign its interest in or under this Agreement without the prior written consent of the other Party. No assignment, transfer or other disposition of this Agreement or all or any portion of the Assets by the Purchaser after Closing shall relieve the Purchaser from its obligations to the Vendor herein. The Vendor shall have the option to claim payment or performance of such obligations from Purchaser or it's assignee's or transferee's, and to bring proceedings in the event of default against it.
Assignments Before Closing. Prior to Closing, neither Party may assign its interest in or under this Agreement or to the Assets without the prior written consent of the other Party, except as may be required by the Vendor to comply with its obligations respecting any preferential rights, as provided in Article 7.
Assignments Before Closing. Prior to Closing, neither Party may assign its interest in or under this Agreement or to the Assets without the prior written consent of the other Party.