Common use of Deemed Assignment Clause in Contracts

Deemed Assignment. Except in the case of a party who is an issuer listed on the New Zealand Stock Exchange or a recognised overseas exchange, there is deemed to be an assignment of a party's interest in this Agreement in breach of clause 23.1 if, without the prior approval of the other party (not to be unreasonably withheld), by transfer or allotment of shares or amendment of its company constitution or by some other act or deed, the effective control of a party changes or passes to any person not having effective control as at the date of this Agreement.

Deemed Assignment. Except in the case of a party who whose shares are is an issuer listed on the New Zealand Stock Exchange or a recognised overseas stockoverseas exchange, there is deemed to be an assignment of a party's interest in this Agreement in breach of clause 23.1 if, without the prior approval of the other party (not to be unreasonably withheld), by transfer or allotment of shares or amendment of its company constitution or by some other act or deed, the effective control of a party changes or passes to any person not having effective control as at the date of this Agreement.

Deemed Assignment. ‌ Except in the case of a party who is an issuer listed on the New Zealand Stock Exchange or a recognised overseas exchange, there is deemed to be an assignment of a party's interest in this Agreement in breach of clause 23.1 if, without the prior approval of the other party (not to be unreasonably withheld), by transfer or allotment of shares or amendment of its company constitution or by some other act or deed, the effective control of a party changes or passes to any person not having effective control as at the date of this Agreement.

Deemed Assignment. Except in the case of a party who is an issuer listed on the New Zealand Stock Exchange or a recognised overseas exchange, there is deemed to be an assignment of a party's interest in this Agreement in breach of clause 23.1 20.1 if, without the prior approval of the other party (not to be unreasonably withheld), by transfer or allotment of shares or amendment of its company constitution or by some other act or deed, the effective control of a party changes or passes to any person not having effective control as at the date of this Agreement.