Limitation on Right to Assignment Sample Clauses

Limitation on Right to Assignment. Except as otherwise provided in this Article and Article 22 hereof, Tenant shall not voluntarily or by operation of law or otherwise (i) assign or otherwise transfer this Lease or (ii) hypothecate or mortgage or otherwise encumber its leasehold interest in this lease or (iii) sublet the whole or any part of the Premises to any person (individually, collectively and in the alternative herein sometimes a "Transfer") without first obtaining in each instance Landlord's prior written consent thereto, which consent shall not be unreasonably withheld by Landlord. Tenant shall have the right, without Landlord's prior consent, to assign this Lease or to sublet the entire Premises to a party that (i) shall have a net worth immediately following any such Transfer at least equal to that of Tenant as of the date of this lease; or (ii) is Tenant's parent organization; or (iii) is a wholly-owned subsidiary of Tenant or Tenant's parent organization or (iv) is a corporation of which Tenant or Tenant's parent organization owns in excess of fifty percent (50%) of the outstanding capital stock; or (v) as a result of a consolidation or merger with Tenant and/or Tenant's parent organization, shall own all the capital stock of Tenant or Tenant's parent organization; provided that any such transferee shall continue to operate the Premises as a restaurant of the same kind and character as approved under this Lease (a "Related Party Transfer"). In consideration of Landlord's agreement contained in this Section, Tenant agrees to furnish Landlord, within ten (10) business days following Landlord's request therefor, written evidence reasonably satisfactory to Landlord that any such Transfer pursuant to the provisions of this Section is in compliance with the conditions precedent set forth herein that make Landlord's consent unnecessary with respect to any such Transfer pursuant to this Section.
Sample 1
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Limitation on Right to Assignment. Except as otherwise provided in this Article 18, Children’s Museum shall not voluntarily or by operation of law or otherwise: (i) assign or other- wise transfer this Ground Lease and/or (ii) sublet the whole or any part of the Premises to any person without first obtaining in each instance Xxxx's prior written consent thereto, which consent shall not be unreasonably withheld by Park.
Sample 1

Related to Limitation on Right to Assignment

  • Limitation on Rights (a) This Agreement shall not be deemed to create a contract of employment between the Company and the Executive and shall create no right in the Executive to continue in the Company’s employment for any specific period of time, or to create any other rights in the Executive or obligations on the part of the Company, except as set forth herein. This Agreement shall not restrict the right of the Company to terminate the Executive, or restrict the right of the Executive to terminate employment. (b) Subject to the exception for cash severance payments under the Company’s documented severance policy referenced in Sections 3 and 4 above, this Agreement shall not be construed to exclude the Executive from participation in any other compensation or benefit programs in which the Executive is specifically eligible to participate either prior to or following the execution of this Agreement, or any such programs that generally are available to other executive personnel of the Company, nor shall it affect the kind and amount of other compensation to which the Executive is entitled. (c) The rights of the Executive under this Agreement shall be solely those of an unsecured general creditor of the Company.

  • Limitation on Assignment This Agreement is personal to the Participant and, except as otherwise provided in Section 5 above, shall not be assignable by the Participant otherwise than by will or the laws of descent and distribution, without the written consent of the Company executed by a Senior Vice President or above of UL Solutions Inc. This Agreement shall inure to the benefit of and be enforceable by the Participant’s legal representatives.

  • Limitation on Delegation The Fund acknowledges and agrees that in accepting the delegation hereunder, the Transfer Agent is agreeing to perform only the AML Procedures, as may be amended from time to time, and is not undertaking and shall not be responsible for any other aspect of the AML Program or for the overall compliance by the Fund with the USA PATRIOT Act or for any other matters that have not been delegated hereunder. Additionally, the parties acknowledge and agree that the Transfer Agent shall only be responsible for performing the AML Procedures with respect to the ownership of, and transactions in, Shares in the Fund for which the Transfer Agent maintains the applicable Shareholder information.

  • Limitation on Agreements The modifications set forth herein are limited precisely as written and shall not be deemed (a) to be a consent under or a waiver of or an amendment to any other term or condition in the Original Credit Agreement or any of the Loan Documents, or (b) to prejudice any right or rights that Administrative Agent now has or may have in the future under or in connection with the Original Credit Agreement and the other Loan Documents, each as amended hereby, or any of the other documents referred to herein or therein. The Modification Papers shall constitute Loan Documents for all purposes.

  • Restriction on Assignment No party to this Agreement may assign or transfer all or any part of its rights or obligations under this Agreement except as provided in this Section 10.

  • Prohibition on Assignment This Contract and all duties and obligations of Consultant set forth in this Contract shall not be assignable except by prior written consent of City, and such prohibition shall extend to and be binding upon the heirs, executors, administrators, successors, and assigns of Consultant.

  • Limitation on Release The foregoing provision with respect to the release to the Servicer of the Required Loan Documents and documents by the Collateral Custodian upon request by the Servicer shall be operative only to the extent that the Administrative Agent has consented to such release. Promptly after delivery to the Collateral Custodian of any request for release of documents, the Servicer shall provide notice of the same to the Administrative Agent. Any additional Required Loan Documents or documents requested to be released by the Servicer may be released only upon written authorization of the Administrative Agent. The limitations of this paragraph shall not apply to the release of Required Loan Documents to the Servicer pursuant to the immediately succeeding subsection.

  • Limitation on Rights of Others Except for Sections 2.6, 7.2 and 11.1, this Agreement is solely for the benefit of the Owner Trustee, the Depositor, the Administrator, the Servicer, the holder of the Residual Interest and the Indenture Trustee and the Secured Parties. Nothing in this Agreement (other than Section 2.6), will give to any other Person any legal or equitable right, remedy or claim in the Trust Property or under this Agreement.

  • Limitations on Assignment Except as specifically provided in Section 22.02 hereof, this Agreement may not be assigned or otherwise transferred by any of the Parties without the express prior written consent of the ISO Board which consent shall not be unreasonably withheld or delayed. Any person to which an assignment or transfer is made shall be required to demonstrate, to the reasonable satisfaction of the ISO Board, that it is capable of fulfilling the requirements of this Agreement, and such assignee shall pay all costs and expenses, including reasonable attorney fees, in connection with such assignment. Unless otherwise expressly provided in a written instrument approved by the ISO Board in connection with the consummation of such assignment or transfer, any such assignment or other transfer by a Party of any of its rights and obligations under this Agreement shall not release, or in any way modify, the assigning or transferring party’s liability for the performance of its obligations hereunder.

  • Limitation on Warranties Client and Spirent agree that the services are provided “as is” and “as available” and that Spirent makes no warranty as to the services. Spirent disclaims all other warranties, either express or implied, including, without limitation, warranties of merchantability and fitness for a particular purpose. Spirent does not warrant the work performed by client or third-party contractors or that any systems or operation of systems will be defect or error-free.

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