Common use of Buyer’s Assignment Clause in Contracts

Buyer’s Assignment. (a) Buyer shall not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent Seller may grant or withhold in its sole and absolute discretion, and any such assignment shall be null and void ab initio. Any transfer, directly or indirectly, of any stock, partnership interest or other ownership interest in Buyer shall constitute an assignment of this Agreement; provided, however, that the foregoing shall not be construed to prohibit the transfer of stock in a publicly traded company.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Grubb & Ellis Apartment REIT, Inc.), Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)

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Buyer’s Assignment. (a) Buyer shall may not assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of Seller, which consent Seller may grant or withhold in its sole and absolute reasonable discretion, and any such assignment shall be null and void ab initio. Any transfer, directly or indirectly, of any stock, partnership interest or other ownership interest in Buyer shall constitute an assignment of this Agreement; provided, however, that the foregoing shall not be construed to prohibit the transfer of stock in a publicly traded company.

Appears in 1 contract

Samples: Lease Agreement

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Buyer’s Assignment. (a) Buyer shall not assign this Agreement or its rights hereunder to any individual or entity entity, without the prior written consent of Seller, which consent Seller may grant or withhold in its sole and absolute discretion, and any such assignment shall be null and void ab initio. Any transfer, directly or indirectly, of any stock, partnership interest or other ownership interest in Buyer shall constitute an assignment of this Agreement; provided, however, that the foregoing shall not apply to, or be construed to prohibit or limit in any way the transfer of stock in in, a publicly traded company.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adobe Systems Inc)

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