Assignments Permitted Clause Samples
The "Assignments Permitted" clause defines the conditions under which a party to a contract may transfer its rights or obligations to another party. Typically, this clause outlines whether assignments are allowed freely, require prior written consent, or are restricted altogether, and may specify exceptions such as assignments to affiliates or in connection with a merger. Its core practical function is to provide clarity and control over who may assume contractual responsibilities or benefits, thereby protecting the interests of the original parties and preventing unwanted third-party involvement.
Assignments Permitted. Any Party shall have the right, without the consent of the other Party, to assign and delegate to an Affiliate of such Party all (but not less than all) of this Agreement and its rights, interests, Liabilities, and obligations under this Agreement; provided, however, that (i) the assigning Party shall provide to the non-assigning Party prompt written notice of such assignment and delegation, (ii) any such Affiliate to whom an assignment or delegation is made shall agree in a writing delivered to the non-assigning Party with the notice described in clause (i) of this Section 17.8(c) to assume all of the assigned and delegated obligations and Liabilities of the assigning Party hereunder, including, and subject to, all notices, Claims, and Proceedings brought or made by the non-assigning Party against the assigning Party, and (iii) if Purchaser is the assigning Party, Purchaser and such Affiliate shall be jointly and severally liable for the performance of the duties, obligations, and Liabilities of Purchaser hereunder (and shall affirm such continuing Liability in the assignment document described in clause (ii) above).
Assignments Permitted. Subject to subparagraphs (d), (e) and (f) hereof and Article 5 hereof, Tenant may assign its interest under this Lease, provided that no Event of Default has occurred and is continuing and provided further that such assignment shall expressly be made subject to the terms of this Lease.
Assignments Permitted. Notwithstanding any provisions to the --------------------- contrary contained in this Lease, this Lease may be assigned, or the demised premises may be sublet, in whole or in part, without the consent of Landlord to any corporation or other entity into or with which Tenant may be merged or consolidated or to any corporation or other entity which shall be an affiliate, subsidiary or successor of Tenant, or of a corporation or other entity into or with which Tenant may be consolidated. Under no circumstances shall a sale of a majority or more of the common stock or other form of equity ownership of Tenant be deemed an assignment pursuant to the terms and provisions of this Lease. The provisions of Section 8.6 shall not apply to Transfers described in this Section 8.8. Although the assignments or sublettings described in this Section 8.8 are Transfers, to the extent that a provision in this Article requires Landlord's consent such consent shall not be required for the transactions described herein.
Assignments Permitted. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns.
Assignments Permitted. Each Partner understands and agrees that it may transfer, convey or otherwise assign, directly or indirectly, in accordance with and subject to the terms and conditions of this Agreement, all or any portion of its Partnership Interest to any Person (a "Foreign Person") who is not a United States Person (a "United States Person") within the meaning of Section 7701(a)(30) of the Code. Notwithstanding the foregoing sentence, if, as a result thereof, such Foreign Person would be deemed to be a Partner of the Partnership for federal income tax purposes, no such transfer, conveyance or assignment shall be permitted unless such Foreign Person acknowledges that a withholding tax may be required and Consents to any such withholding.