Common use of Consents to Assignments of Certain Agreements Clause in Contracts

Consents to Assignments of Certain Agreements. To the extent that the assignment by the Seller to the Buyer of any assumed Contract or Lease is not permitted without the consent of the other party thereto, or if the terms of any such agreement include a provision which automatically voids any proposed assignment, imposes any increase in rent or other charge or penalty, or otherwise changes the terms of the original agreement with Seller, then the Seller will use reasonable efforts to cooperate with Buyer to obtain all such consents as are requested by the Buyer. If any such consent is requested by the Buyer but not obtained, the Seller will use reasonable efforts to cooperate in any reasonable arrangement requested by the Buyer which is designed to provide the Buyer with all of the benefits under such agreement (and which shall not impose any liability on Seller), as if such consent had been obtained.

Appears in 4 contracts

Samples: Asset Acquisition Agreement (University General Health System, Inc.), Asset Acquisition Agreement (University General Health System, Inc.), Asset Acquisition Agreement (University General Health System, Inc.)

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