Common use of Designation of Affiliate Clause in Contracts

Designation of Affiliate. Each of the Parties may assign any of its rights or obligations under this Agreement to any member of its respective Group as it shall designate; provided, however, that no such assignment shall relieve the Party making the assignment of any obligation hereunder, including any obligation to make a payment hereunder to another Party, to the extent such designee fails to make such payment.

Appears in 5 contracts

Samples: Tax Sharing Agreement (Ticketmaster), Tax Sharing Agreement (Tree.com, Inc.), Tax Sharing Agreement (Interval Leisure Group, Inc.)

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