Common use of Covenant Against Pledging Clause in Contracts

Covenant Against Pledging. Successful Respondent agrees that, without the prior written consent of DIR, it shall not assign, transfer, pledge, hypothecate, or otherwise encumber its rights to receive payments from DIR under this Agreement for any reason whatsoever. To the extent DIR permits Successful Respondent to assign, transfer, pledge, hypothecate, or otherwise encumber its rights to receive payments from DIR under this Agreement, Successful Respondent shall continue to be DIR's sole point of contact with respect to this Agreement, including with respect to payment. The person or Entity to which such rights are assigned, transferred, pledged, hypothecated, or otherwise encumbered shall not be considered a third party beneficiary under this Agreement and shall not have any rights or causes of action against DIR.

Appears in 4 contracts

Samples: Mainframe Services Master Services Agreement, Master Services Agreement, Master Services Agreement

AutoNDA by SimpleDocs

Covenant Against Pledging. Successful Respondent agrees that, without the prior written consent of DIR, it shall not assign, transfer, pledge, hypothecate, hypothecate or otherwise encumber its rights to receive payments from DIR under this Agreement for any reason whatsoever. To the extent DIR permits Successful Respondent to assign, transfer, pledge, hypothecate, or otherwise encumber its rights to receive payments from DIR under this Agreement, Successful Respondent shall continue to be DIR's sole point of contact with respect to this Agreement, including with respect to payment. The person or Entity to which such rights are assigned, transferred, pledged, hypothecated, or otherwise encumbered shall not be considered a third party beneficiary under this Agreement and shall not have any rights or causes of action against DIR.

Appears in 3 contracts

Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement

Covenant Against Pledging. Successful Respondent β€Œ Service Provider agrees that, without the prior written consent of DIR, it shall not assign, transfer, pledge, hypothecate, hypothecate or otherwise encumber its rights to receive payments from DIR under this Agreement for any reason whatsoever. To the extent DIR permits Successful Respondent Service Provider to assign, transfer, pledge, hypothecate, hypothecate or otherwise encumber its rights to receive payments from DIR under this Agreement, Successful Respondent Service Provider shall continue to be DIR's sole point of contact with respect to this Agreement, including with respect to payment. The person or Entity to which such rights are assigned, transferred, pledged, hypothecated, hypothecated or otherwise encumbered shall not be considered a third party beneficiary under this Agreement and shall not have any rights or causes of action against DIR.

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

Covenant Against Pledging. Successful Respondent agrees that, without the prior written consent of DIR, it shall not assign, transfer, pledge, hypothecate, or otherwise encumber its rights to receive payments from DIR under this Agreement for any reason whatsoever. To the extent DIR permits Successful Respondent to assign, transfer, pledge, hypothecate, or otherwise encumber its rights to receive payments from DIR under this Agreement, Successful Respondent shall continue to be DIR's sole point of contact with respect to this Agreement, including with respect to payment. The person or Entity to which such rights are assigned, transferred, pledged, hypothecated, or otherwise encumbered shall not be considered a third party beneficiary under this Agreement and shall not have any rights or causes of action against DIR.. 14.21 Hiring of Employees

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

AutoNDA by SimpleDocs

Covenant Against Pledging. Successful Respondent Service Provider agrees that, without the prior written consent of DIR, it shall not assign, transfer, pledge, hypothecate, hypothecate or otherwise encumber its rights to receive payments from DIR under this Agreement for any reason whatsoever. To the extent DIR permits Successful Respondent Service Provider to assign, transfer, pledge, hypothecate, hypothecate or otherwise encumber its rights to receive payments from DIR under this Agreement, Successful Respondent Service Provider shall continue to be DIR's sole point of contact with respect to this Agreement, including with respect to payment. The person or Entity to which such rights are assigned, transferred, pledged, hypothecated, hypothecated or otherwise encumbered shall not be considered a third party beneficiary under this Agreement and shall not have any rights or causes of action against DIR.

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

Covenant Against Pledging. Successful Respondent agrees that, without the prior written consent of DIR, it shall not assign, transfer, pledge, hypothecate, hypothecate or otherwise encumber its rights to receive payments from DIR under this Agreement for any reason whatsoever. To the extent DIR permits Successful Respondent to assign, transfer, pledge, hypothecate, or otherwise encumber its rights to receive payments from DIR under this Agreement, Successful Respondent shall continue to be DIR's sole point of contact with respect to this Agreement, including with respect to payment. The person or Entity entity to which such rights are assigned, transferred, pledged, hypothecated, or otherwise encumbered shall not be considered a third party beneficiary under this Agreement and shall not have any rights or causes of action against DIR.

Appears in 1 contract

Samples: Master Services Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!