Common use of Consented Assignment Clause in Contracts

Consented Assignment. Notwithstanding anything contained in this Agreement to the contrary, this Agreement shall not constitute an agreement to assign any Contractual Obligation if such attempted assignment without the consent of another party would: (i) constitute a breach of, or in any material way affect the rights of any Seller under, any Contract; (ii) be ineffective; or (iii) materially affect Sellers' rights under any Contract so that the Buyer would not in fact receive all such rights. Each Seller shall cooperate in any reasonable arrangement designed to provide for the Buyer the benefits under any Contract, including enforcement of any and all rights of such Seller against the other party or parties to any Contract arising out of the breach or cancellation by such other party or otherwise.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Vertex Interactive Inc), Asset Purchase Agreement (Jag Media Holdings Inc), Asset Purchase Agreement (Vertex Interactive Inc)

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