Change of Parties. In the event that Party B no longer possesses any shares of Party C, Party B shall be deemed no longer as a party of this Agreement. In the event that any third party becomes a shareholder of Party C, Party A and Party C shall take effort to cause such third party executing relevant legal documents and becoming one of Party B of this Agreement.
Change of Parties. (1) This Agreement is open for signature by additional parties.
(2) This Agreement will bind successors in law of the Parties.
Change of Parties. (a) No Chargor may assign, transfer, novate or dispose of its rights and/or obligations under this Deed without the prior written consent of the UK Security Trustee.
(b) The UK Security Trustee may assign, transfer, novate or dispose of all or any part of its rights and/or obligations under this Deed and may disclose any information in its possession relating to any Chargor to any actual or potential assignee, transferee or participant.
Change of Parties. Party A must be notified of merger, demerger and restructuring of Party B. When Party B mergers or makes capital reduction, Party A is entitled to request Party B to pay off debts or provide guarantees; when Party B is divided, the companies after division should be jointly and severally liable.
Change of Parties. Party A’s guarantee liabilities shall not be reduced or exempted due to any of the following circumstances:
(I) Party B or the Debtor has any restructuring, consolidation, merger, division, increase or decrease of capital, joint venture, joint operation, renaming, etc.;
(II) Party B entrusts a third party to perform its obligations under the Master Contract.
Change of Parties. The Borrower may not assign or transfer any of its rights arising under the Agreement or any document related thereto neither transfer any obligation arising to the Borrower under the Agreement or any related document to any other party, except when a prior written consent has been granted by the Lender. For the purposes of Section 151d of the Civil Code, all rights of the Borrower under the Agreement or under any related document are non-transferable. The Borrower expressly agrees that the Lender may at any time and without any additional consent of the Borrower assign or transfer any of its rights (including any of its claims) arising from the Agreement or a document related thereto. Simultaneously, the Borrower expressly agrees that the Lender may at any time transfer any of Lender’s obligations under the Agreement or related document to other party. The Borrower expressly agrees that the Lender may at any time and without any further consent of the Borrower use any of its rights (including any of its receivables) arising from the Agreement or a document related thereto as a security to back an obligation of the Lender. Furthermore, the Borrower expressly agrees to any change in the person of the authorized beneficiary under the Agreement or any related document that might be affected after the security titles have been exercised. The change in the person of the Lender or the acquisition of any right or obligation under the Agreement or a document related thereto will become effective against the Borrower on the earlier of the two: delivery of the notice of this change by the Lender to the Borrower, or proving of this change to the Borrower by the third party. The contracting parties are not required to conclude any Amendment to any document if the person of the Lender was changed or in event of third party’s acquisition of any Lender’s right or obligation arising from the Agreement or related documents, provided these changes have been made in accordance with the above provisions.
Change of Parties. The Borrower will not assign this Agreement or any of the monies due hereunder or convey or further encumber its assets or any part thereof without the prior written consent of the Bank. In the event of any such approved assignment, conveyance or encumbrance and if the Bank shall elect to continue to make the Loan hereunder or any part thereof to the Borrower or its successor or assignee, all sums so advanced shall be deemed advances under this Agreement and not in modification hereof. In the event the Borrower shall part with or in any manner be deprived of its title to its assets or any part thereof in violation of this section, the Bank may, at its option, continue to make advances under this Agreement and not in modification hereof. If the Borrower is in default under this Agreement, or as a part of the sale, consolidation, liquidation or merger of the Bank, the Bank may assign this Agreement and the Notes and cause the assignee to make any advances not made at the time of the assignment, in which event all of the terms hereof shall continue to apply to the Loan, the Notes, the Security Instruments and any other documents entered into pursuant to the Loan. All sums so advanced shall be deemed advances under this Agreement and not in modification hereof.
Change of Parties. 8.1 If Party B shall add any affiliated entities at any time after the effectiveness of this Agreement, Party B and Party C shall cause such newly added affiliated entity to eexecute assumption agreement or other legal documents permitted or required by the PRC laws to include such newly added affiliated entity in the Agreement such that it enjoys all rights and undertakes all obligations as Affiliated Entities of Party B under this Agreement. As of the date of execution of such assumption agreement or other legal documents permitted or required by PRC laws, the newly added affiliated entity shall be deemed as a party to this Agreement. Other Parties of the Agreement hereby agree to the aforementioned arrangement.
8.2 Rights and obligations under this Agreement shall be legally binding upon assignees, successors of Partiesf, no matter such assignment of obligations and rights is caused by takeover, restructuring, inheritance, assignment or any other reason.
Change of Parties. 13.1 Binding Force of the Agreement This agreement shall be binding on any party herein and/or any subsequent successor or assignee of such party.
Change of Parties. The Railway Company cannot assign its rights or undertakings according to the Agreement, unless otherwise agreed between the National Rail Administration and the Railway Company.
