Common use of Assignments Before Closing Clause in Contracts

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.

Appears in 4 contracts

Samples: Agreement (Stone Canyon Resources LTD), Agreement (Terra Nostra Technology LTD), Agreement (Capital Reserve Canada LTD)

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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 ’s assignee's ’s or transferee's’s, and to bring proceedings in the event of default against it.

Appears in 2 contracts

Samples: Agreement (Samoyed Energy Corp), Agreement (Capital Reserve Canada LTD)

Assignments Before Closing. Neither Prior to Closing, no Party may assign its interest in or under this Agreement without the prior written consent of the other Party. No assignmentParties, transfer provided however that the Purchaser may assign its interest in or other disposition of under this Agreement or all or any portion to an Affiliate without the prior written consent of the Assets by Vendors providing however that the Purchaser after Closing shall relieve the Purchaser from its obligations continue to be liable 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 Vendors in the event of default against ita Purchase Agreement Default by such assignee.

Appears in 1 contract

Samples: Share Purchase Agreement (Markwest Hydrocarbon Inc)

Assignments Before Closing. Neither Prior to Closing, no Party may assign its interest in or under this Agreement without the prior written consent of the other Party. No assignmentParties, transfer provided however that the Purchaser may assign its interest in or other disposition of under this Agreement or all or any portion to an Affiliate without the prior written consent of the Assets by Vendor providing however that the Purchaser after Closing shall relieve the Purchaser from its obligations continue to be liable 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 ita Purchase Agreement Default by such assignee.

Appears in 1 contract

Samples: Share Purchase Agreement (Markwest Hydrocarbon Inc)

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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 the Purchaser or it's its assignee's ’s or transferee's’s, and to bring proceedings in the event of default against it.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Samoyed Energy Corp)

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