Common use of Designation of Affiliate Clause in Contracts

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

Appears in 4 contracts

Samples: Tax Sharing Agreement, Tax Sharing Agreement (Iac/Interactivecorp), Tax Sharing Agreement (Match Group, Inc.)

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