Assignments or Amendment Sample Clauses
The Assignments or Amendment clause defines the rules and limitations regarding the transfer of rights or obligations under a contract and the process for making changes to the agreement. Typically, this clause requires that any assignment of the contract to another party, or any amendment to its terms, must receive prior written consent from the other party or parties involved. For example, a company may not be able to transfer its contractual duties to a subcontractor without approval, or the parties may need to formally document any changes to payment terms. This clause ensures that all parties maintain control over who is bound by the contract and that modifications are made transparently, thereby preventing unauthorized changes or transfers that could create confusion or risk.
Assignments or Amendment. (a) Neither this Agreement nor any rights under this Agreement are assignable without the written consent of the other party to this Agreement. Any attempted or purported assignment in violation of this Agreement will be void.
(b) Neither party may amend this Agreement without written consent of the other party.
Assignments or Amendment. This Agreement may be amended by the parties only if such amendment is specifically approved (i) by the Managers or by the vote of a majority of outstanding voting securities of the Fund and (ii) by the vote of a majority of those Managers who are not parties to this Agreement or "interested persons" of any such party cast in person at a meeting called for the purpose of voting on such approval. This Agreement shall automatically and immediately terminate in the event of its assignment.
Assignments or Amendment. Any amendment to this Agreement shall be in writing and shall be subject to the approval of the Board, including the vote of a majority of the Managers who are not “interested persons” of the Fund.
Assignments or Amendment. Any amendment to this Agreement shall be in writing and shall be subject to the approval of the Board, including the vote of a majority of the Managers who are not "interested persons," as defined by the Investment Company Act and the rules thereunder. This Agreement shall automatically and immediately terminate in the event of its "assignment," as defined by the Investment Company Act, and the rules thereunder.