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. 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 MLB, and any such Authority Transfer shall be subject to the provisions of Section 19.22 (
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.
(b) This Agreement shall be binding upon the Parties and their respective successors or assigns, including any transferee of substantially all of the assets of a Party. Tops may not assign this Agreement without the prior written consent of C&S which shall not be unreasonably withheld. C&S shall not assign this Agreement without first giving notice to Tops of the intention to make such assignment. Tops shall then have * in which to object, and if Tops objects, C&S shall not carry out the assignment.
Authority Assignment. The Authority may assign its rights and responsibilities under this Agreement to any other governmental entity or agency 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. 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 (any such Assignment, an “Authority Transfer”) without the Approval of StadCo and MLB, and any such Authority Transfer shall be subject to the provisions of Section 21.18, provided, if an Authority Transfer approved by the Nevada Legislature would cause the Land or the Stadium Project Improvements to be subject to ad valorem property taxes in the State, or is made to any entity that is not a Governmental Authority, StadCo’s and MLB’s consent shall be required for such Authority Transfer. Notwithstanding the foregoing, the Approval of StadCo and MLB 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 PSL Contribution Amount and in accordance with Section 3.6 hereof. Notwithstanding the foregoing, nothing contained in this Section 17.2 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, provided that the restructured, rearranged or reconstituted entity remains a Governmental Authority, and if such restructuring, rearrangement or reconstitution 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, MLB, or any other Person. The Authority shall use commercially reasonable efforts to provide StadCo and MLB with prompt notice upon learning that State legislation has been proposed to restructure, rearrange, or reconstitute the Authority or cause an assignment of the Authority’s rights under this Agreement.
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.
24.4.2 Any costs incurred by the Fund, the Agent or the Authority in giving effect to any assignment in accordance with this Clause 24.3 shall be borne by the Authority.
24.4.3 Any change in the legal status of the Authority such that it ceases to be a Contracting Authority shall not, subject to Clause 24.4.1, affect the validity of the Contract. In such circumstances, the Contract shall bind and inure to the benefit of any successor body to the Authority.
24.4.4 If the rights and obligations of the Authority under the Contract are assigned, novated or otherwise disposed of pursuant to Clause 24.4.1 or 24.4.3 to a body which is not a Contracting Authority, or if there is a change in the legal status of the Authority such that it ceases to be a Contracting Authority (in the remainder of this Clause both such bodies being referred to as the "Transferee"):
(a) the rights of termination of the Authority in Clauses 34 (Termination on Change of Control and Insolvency) and 35 (Termination on Default) shall be available to the Fund in the event of respectively, the bankruptcy or insolvency or Default of the Transferee; and
(b) the Transferee shall only be able to assign, novate or otherwise dispose its rights and obligations under the Contract or any part thereof with the prior written consent of the Fund.
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
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 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.
