Authority Assignment. Unless otherwise approved by the Nevada Legislature, the Authority may not assign its rights under this Agreement or ownership of the Premises at any time or from time to time to any Person (an “Authority Transfer”) without the Approval of StadCo, and any such Authority Transfer shall be subject to the provisions of Section 19.21. Notwithstanding the foregoing, the Approval of StadCo shall not be required in connection with any sale, transfer, pledge, hypothecation, assignment or mortgage of any revenues derived from the sale of stadium builder’s licenses made in connection with the financing of the Private Contribution (as defined in the Development Agreement). Notwithstanding the foregoing, nothing contained in this Section 17.1(d) is intended to, nor shall it, restrict in any manner the right or authority of the Nevada Legislature to restructure, rearrange or reconstitute the Authority, and if such shall occur, such restructured rearranged or reconstituted entity shall automatically succeed to all rights and obligations of the Authority hereunder without the need for the Approval of StadCo or any other Person.
Authority Assignment. Unless otherwise approved by the Nevada Legislature, the Authority may not Assign its rights under this Agreement or ownership of the Land or the Project Improvements at any time or from time to time to any Person (an “Authority Transfer”) without the Approval of StadCo, except as provided in Article 17 of the Stadium Lease. Any and all Authority Transfers shall be subject to the terms of the Stadium Lease even though the term of the Stadium Lease has not commenced.
Authority Assignment. (a) Each Party hereby represents and warrants that it has the full power and authority to enter into this Agreement and the individual signing this Agreement is authorized to bind such Party hereby.
Authority Assignment. The Authority may assign its rights and responsibilities under this Agreement to any other Person as long as any such proposed assignee under this Section shall (i) have the legal authority and financial capacity sufficient to assume and perform all of the Authority’s Obligations, and (ii) shall agree in writing to do so.
Authority Assignment. 24.4.1 Subject to Clause 24.4.4, the Authority may assign novate or otherwise dispose of its rights and obligations under the Contract or any part thereof as necessary provided that any such assignment, novation or other disposal shall not increase the burden of the Fund’s or the Agent's obligations under the Contract and provided the Authority demonstrates to the reasonable satisfaction of the Independent Assessor that the person who assumes the obligations of the Authority shall be of sufficient financial standing and possess the authority to be able to discharge the obligations of the Authority under the Contract.
Authority Assignment. Unless otherwise approved by the Tennessee General Assembly, the Authority may not assign its rights under this Lease or ownership of the Premises at any time or from time to time to any Person (an “Authority Transfer”) without the approval of StadCo. Notwithstanding the foregoing, (i) the approval of StadCo shall not be required in connection with any sale, transfer, pledge, hypothecation, assignment or mortgage of any revenues derived from the sale of PSLs made in connection with the financing of the Stadium, and
Authority Assignment. The Authority may not Assign its rights under this Agreement or ownership of the Land or the Stadium Project Improvements at any time or from time to time to any Person (an “Authority Transfer”) without the Approval of StadCo, except as provided in Article 25 of the Stadium Lease. Any and all Authority Transfers shall be subject to the terms of the Stadium Lease even though the term of the Stadium Lease has not commenced.
Authority Assignment. The Authority may Assign this Agreement to a joint power authority, a sanitation district, or other public entity succeeding to the major portion of the Authority's Solid Waste management rights and obligations. The Authority may also Assign this Agreement to any 36 May 2019 SBWMA/BFI Disposal Services Agreement 1678 1679 1680 1681 1682 1683 1684 1685 1686 1687 1688 1689 1690 1691 1692 1693 1694 1695 1696 1697 1698 1699 1700 1701 1702 1703 1704 1705 1706 1707 1708 1709 1710 1711 1712 1713 1714 1715 1716 1717 1718 1719 1720 1721 1722 1723 1724 1725 other Person upon Authority's determination that the assignee is financially capable of meeting the Authority's obligations under this Agreement.
Authority Assignment. The Authority may not assign its rights under this Agreement or ownership of the Stadium, Stadium Site or Stadium Infrastructure without the Consent of the Team, and any such Assignment, transfer or sale shall be subject to the provisions of Section 32.21 (License Coupled with An Interest); provided, however, the Consent of the Team shall not be required in connection with any sale, transfer, pledge, hypothecation, assignment or mortgage of any revenues derived from the sale of SBLs made in connection with the financing of the Private Contribution (as defined in the Development Agreement). Notwithstanding the foregoing, the Authority may designate an entity reasonably acceptable to the Team to act as the Stadium Events Company in accordance with the Act and to perform the Authority’s obligations under this Agreement; provided, however, that the Authority shall nonetheless remain liable for all of the Authority’s obligations under this Agreement.
