Common use of Legal succession Clause in Contracts

Legal succession. (1) Either Party shall be authorised to assign the rights and obligations under this Master Agreement or the individual agreement, including the associated individual orders, to a third party. The consent of the other Party shall be required for any such assignment. Said consent shall be denied only if the third party cannot reliably guarantee that this Master Agreement or the individual agreement, including the associated individual orders, will be fulfilled or if there is good cause to justify refusing said consent. (2) The consent of the NATURAL GAS SELLER shall not be required if GASCADE assigns the rights and obligations under this Master Agreement or the individual agreement, including the associated individual orders, to a company affiliated with GASCADE as defined in Article 15 of the Stock Corporation Act (AktG). (3) Section (2) of this Article 17 shall apply mutatis mutandis if GASCADE transfers network operation to a third party. (4) The consent of the NATURAL GAS SELLER shall not be required if GASCADE assigns the rights and obligations under this Master Agreement or the individual agreement, including the associated individual orders, to a company affiliated with GASCADE as defined in Article 15 of the Stock Corporation Act (AktG).

Legal succession. (1) Either Party shall be authorised to assign the rights and obligations under this Master Agreement or and the individual agreement, including the associated individual orders, agreement to a third party. The consent of the other Party shall be required for any such assignment. Said consent shall be denied only if the third party cannot reliably guarantee that this Master Agreement or the individual agreement, including the associated individual orders, will be fulfilled or if there is good cause to justify refusing said consent. (2) The consent of the NATURAL GAS SELLER shall not be required if GASCADE assigns the rights and obligations under this Master Agreement or the individual agreement, including the associated individual orders, to a company affiliated with GASCADE as defined in Article 15 of the Stock Corporation Act (AktG). (3) Section (2) of this Article 17 shall apply mutatis mutandis if GASCADE transfers network operation to a third party. (4) The consent of the NATURAL GAS SELLER shall not be required if GASCADE assigns the rights and obligations under this Master Agreement or Agreement, including the individual agreement, including the associated individual orders, to a company affiliated with GASCADE as defined in Article 15 of the Stock Corporation Act (AktG).