Common use of Local Distribution Company Assignment Rights Clause in Contracts

Local Distribution Company Assignment Rights. Local Distribution Company may not assign this Agreement or any of its rights, interests or obligations hereunder without the prior written consent of Transmission Owner, which consent shall not be unreasonably withheld; provided, however, that Local Distribution Company may, without the consent of Transmission Owner, and by providing prior reasonable notice under the circumstances to Transmission Owner, assign this Agreement to any entity or entities (collectively, the “Surviving Distribution Entity”) in connection with a merger, consolidation, or reorganization, provided that the Surviving Distribution Entity or assignee owns the Local Distribution System, agrees in writing to be bound by all the obligations and duties of Local Distribution Company provided for in this Agreement.

Local Distribution Company Assignment Rights. Local Distribution Company may not assign this Agreement or any of its rights, interests or obligations hereunder without the prior written consent of Transmission Owner, which consent shall not be unreasonably withheld; provided, provided however, that Local Distribution Company may, without the consent of Transmission Owner, and by providing prior reasonable notice under the circumstances to Transmission Owner, assign assign, this Agreement to any entity or entities (collectively, the “Surviving Distribution Entity”) in connection with a merger, consolidation, or reorganization, provided that the Surviving Distribution Entity or assignee owns the Local Distribution System, agrees in writing to be bound by all the obligations and duties of Local Distribution Company provided for in this Agreement.

Local Distribution Company Assignment Rights. Local Distribution Company -------------------------------------------- may not assign this Agreement or any of its rights, interests or obligations hereunder without the prior written consent of Transmission OwnerProvider, which consent shall not be unreasonably withheld; provided, provided however, that Local Distribution Company may, without the consent of Transmission OwnerProvider, and by providing prior reasonable notice under the circumstances to Transmission OwnerProvider, assign assign, this Agreement to any entity or entities (collectively, the “Surviving Distribution Entity”entity(ies) in connection with a merger, consolidation, or reorganization, provided that the Surviving Distribution Entity surviving entity(ies) or assignee owns the Local Distribution SystemCompany, agrees in writing to be bound by all the obligations and duties of Local Distribution Company provided for in this AgreementAgreement and the assignee's creditworthiness is equal to or higher than that of Local Distribution Company.