Limitations on Assignment. This Agreement shall not be assigned by either Party to a third party without the prior written consent of the other Party, which consent shall not be unreasonably withheld, except to: a Subsidiary of a Party, or a successor to the business of such Party to which this Agreement relates, or a successor to all or substantially all of the assets of such Party, provided that the successor agrees in writing to accept the rights and to be bound by the obligations of the assigning Party, any other assignment being void.
Appears in 3 contracts
Samples: Technology Transfer and License Agreement (Bei Technologies Inc), Technology Transfer and License Agreement (Bei Technologies Inc), Technology Transfer and License Agreement (Bei Electronics Inc)
Limitations on Assignment. This Agreement shall not be assigned by either Party party to a third party without the prior written consent of the other Partyparty, which consent shall not be unreasonably withheld, except to: a Subsidiary of a Partyparty, or a successor to the business of such Party party to which this Agreement relates, or a successor to all or substantially all of the assets of such Partyparty, provided that the successor agrees in writing to accept the rights and to be bound by the obligations of the assigning Partyparty, any other assignment being void.
Appears in 3 contracts
Samples: Assignment and Consent Agreement (Bei Technologies Inc), Assignment and Consent Agreement (Bei Technologies Inc), Assignment and Consent Agreement (Bei Electronics Inc)
Limitations on Assignment. This Agreement The AGREEMENT shall not be assigned by either Party PARTY to a third party without the prior written consent of the other Party, which consent shall not be unreasonably withheldPARTY, except to: a Subsidiary an AFFILIATE of a PartyPARTY, or a successor to in the business of such Party to which this Agreement the AGREEMENT relates, or a successor to in all or substantially all of the assets of such Partyeither PARTY, provided that the successor agrees in writing to accept the rights and to be bound by the obligations of the assigning PartyPARTY, any other assignment being void. The PARTIES agree to guarantee the performance of their AFFILIATEs under this AGREEMENT.
Appears in 2 contracts
Samples: Technology Transfer and License Agreement (Primex Technologies Inc), Technology Transfer and License Agreement (Primex Technologies Inc)
Limitations on Assignment. This Agreement shall not be assigned by either Party to a third party without the prior written consent of the other Party, which consent shall not be unreasonably withheld, except to: a Subsidiary an Affiliate of a Party, or a successor to in the business of such Party to which this Agreement relates, or a successor to in all or substantially all of the assets of such either Party, provided that the successor agrees in writing to accept the rights and to be bound by the obligations of the assigning Party, any other assignment being void. The Parties agree to guarantee the performance of their Affiliates under this Agreement.
Appears in 1 contract
Samples: Trade Name License Agreement (Primex Technologies Inc)
Limitations on Assignment. This Agreement shall not be assigned by ------------------------- either Party to a third party without the prior written consent of the other Party, which consent shall not be unreasonably withheld, except to: a Subsidiary an Affiliate of a Party, or a successor to in the business of such Party to which this Agreement relates, or a successor to in all or substantially all of the assets of such either Party, provided that the successor agrees in writing to accept the rights and to be bound by the obligations of the assigning Party, any other assignment being void. The Parties agree to guarantee the performance of their Affiliates under this Agreement.
Appears in 1 contract
