No Assignment by Manager Sample Clauses
The "No Assignment by Manager" clause prohibits the manager from transferring or assigning their rights or obligations under the agreement to another party without prior consent. In practice, this means the manager cannot delegate their responsibilities or benefits to a third party, such as another management company or individual, unless the other contracting party agrees. This clause ensures that the original parties maintain control over who is responsible for management duties, thereby preventing unwanted changes and protecting the interests of the non-assigning party.
No Assignment by Manager. The services to be rendered by the Manager under this Agreement are unique and personal, and the Manager shall not assign any of its rights or delegate any of its duties under this Agreement, except to an employee or a corporate affiliate of Manager.
No Assignment by Manager. This Agreement may not be assigned by Manager nor may Manager subcontract all or part of its obligations under this Agreement, subject to the provision in Section 7.2.3, without the prior written consent of Owner and the Special Limited Partner of the Partnership, which may be granted or withheld for any reason whatsoever, or for no reason.
No Assignment by Manager. This Agreement may not be assigned by Manager without the expressed written consent of Owner.
No Assignment by Manager. Neither this Agreement nor any rights hereunder shall be assignable by Manager, directly or indirectly, without Owner's prior written consent, it being agreed that this Agreement is for personal services and that but for the persons controlling Manager, Owner would not enter into this Agreement. Notwithstanding the foregoing, Manager may assign its interest in this Agreement to any corporation or other entity Controlling, Controlled by, or under common Control with Manager, or to any entity into which Manager or the affiliates of Manager may have merged or been acquired. For purposes of this Agreement, "Control" (or any lexical variant thereof) shall mean the ability, whether by the direct or indirect ownership of shares or other equity interests, by contract or otherwise, to elect a majority of the directors of a corporation, to select or become the managing partner of a partnership or the managing member of a limited liability company or otherwise to select, or have the power to remove and then select, a majority of those entities or persons exercising governing authority over an entity or such other member of persons or entities as are required in order to have the unfettered authority to make all decisions with respect to such entity pursuant to its consistent documents and voting or similar agreements.
No Assignment by Manager. Manager may not assign or transfer in any manner all or any part of this Agreement either voluntarily or by operation of law, unless approved by Owner.
No Assignment by Manager. Without the prior written consent of the Company and UBCI, Manager shall not have the right to assign, transfer or convey any of its rights, title or interest hereunder.
No Assignment by Manager. Neither this Agreement nor any rights hereunder shall be assignable by Manager, directly or indirectly, without Owner's, and Construction Lender's prior written consent, it being agreed that this Agreement is for personal services and that but for the persons controlling Manager, Owner would not enter into this Agreement. Notwithstanding the foregoing, Manager may assign its interest in this Agreement to any corporation or other entity Controlling, Controlled by, or under common Control with Manager, or to any entity into which Manager or the affiliates of Manager may have merged or been acquired. For purposes of this Agreement, "Control" (or any tense thereof) shall mean the ability, whether by the direct or indirect ownership of shares or other equity interests, by contract or otherwise, to elect a majority of the directors of a corporation, to select or become the managing partner of a partnership, to select or become the managing member of a limited liability company or otherwise to select, or have the power to remove and then select, a majority of those entities or persons exercising governing authority over an entity; provided that a majority of such entities or persons shall have the unfettered authority to make all decisions with respect to such entity. Furthermore, Owner shall have the right to assign the Guaranty being given to the Owner by Ramco-▇▇▇▇▇▇▇▇▇▇ Properties, L.P., sole owner of Manager, to Wal-Mart, as to the Site Improvement Work.