Common use of Contracts Assignable Clause in Contracts

Contracts Assignable. Except as otherwise set forth on Schedule 6.16.4, each of the Membership Agreements, Contracts, Real Property Leases and Personal Property Leases included in the Transferred Assets is assignable by Seller to Buyer without the consent of the other party (or parties) thereto, except for such of the Membership Agreements, Contracts and Personal Property Leases which in the aggregate do not constitute a material portion of the Transferred Assets. To the extent the consent of any party to a Membership Agreement, Contract, Real Property Lease or Personal Property Lease is required, then Seller shall provide Buyer with true and correct copies of all such consents at the Closing.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Sports Club Co Inc), Agreement of Purchase and Sale (Sports Club Co Inc), Agreement of Purchase and Sale (Sports Club Co Inc)

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Contracts Assignable. Except as otherwise set forth on Schedule 6.16.4, each of the Membership Agreements, Contracts, Ground Lease, Real Property Leases and Personal Property Leases included in the Transferred Assets is assignable by Seller to Buyer without the consent of the other party (or parties) thereto, except for such of the Membership Agreements, Contracts and Personal Property Leases which in the aggregate do not constitute a material portion of the Transferred Assets. To the extent the consent of any party to a Membership Agreement, Contract, Ground Lease, Real Property Lease or Personal Property Lease is required, then Seller shall provide Buyer with true and correct copies of all such consents at the Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Sports Club Co Inc)

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