No assignment etc. of MOA Sample Clauses

No assignment etc. of MOA. No Borrower shall assign, novate, transfer or dispose of any of its rights or obligations under the Purchase Agreement or the MOA to which it is a party.
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No assignment etc. of MOA. No Borrower shall assign, novate, transfer or dispose of any of its rights or obligations under the MOA to which it is a party. CORPORATE UNDERTAKINGS 12.1 General Each Borrower also undertakes with each Creditor Party to comply with the following provisions of this Clause ( Undertakings ) at all times during the Security Period except as the Agent may, with the authorisation of the Majority Xxxxxxx, otherwise permit. 12.2 Maintenance of status (a) Each Borrower will maintain its separate corporate existence and remain in good standing under the laws of the Xxxxxxxx Islands and will, and shall procure that any other Security Party (as applicable) will, comply in all respects with the Republic of the Xxxxxxxx Islands Economic Substance Regulations 2018 (as amended from time to time). 12.3 Negative undertakings No Borrower will: (a) carry on any business other than the ownership, chartering and operation of the Ship owned by that Xxxxxxxx; or (b) pay any dividend or make any other form of distribution or effect any form of redemption, purchase or return of share capital (the " ") if an Event of Default has occurred at any relevant time which is continuing or an Event of Default will result from the Distribution; or (c) provide any form of credit or financial assistance to: (i) a person who is directly or indirectly interested in that Borrower's share or loan capital; or (ii) any company in or with which such a person is directly or indirectly interested or connected, or enter into any transaction with or involving such a person or company on terms which are, in any respect, less favourable to that Borrower than those which it could obtain in a bargain made at arms' length; or (d) open or maintain any account with any bank or financial institution except accounts with the Agent and the Security Trustee for the purposes of the Finance Documents; or (e) issue, allot or grant any person a right to any shares in its capital or repurchase or reduce its issued share capital; or (f) acquire any shares or other securities other than US or UK Treasury bills and certificates of deposit issued by major North American or European banks, or enter into any transaction in a derivative other than the Designated Transactions; or (g) enter into any form of amalgamation, merger or de-merger or any form of reconstruction or reorganisation. INSURANCE 13.1 General Each Borrower also undertakes with each Creditor Party to comply with the following provisions of this Clause 0 ( ) at...
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No assignment etc. of MOA. Each Debtor party to an MOA shall not assign, novate, transfer or dispose of any of its rights or obligations under such MOA.
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Related to No assignment etc. of MOA

  • No Assignment This Agreement may not be assigned by any Party hereto except with the prior written consent of the other Parties.

  • No Assignment Without Consent This Charter shall not be assigned by either party without mutual written consent.

  • NO ASSIGNMENT/NOMINATION 17.1 The Purchaser shall not without the written consent of the Bank, be entitled to nominate a third party to be the purchaser or assignee of the Property nor shall the Purchaser be entitled to assign his rights, title, interest and benefits under the Contract of Sale to any party. 17.2 The Bank’s decision to withhold or to grant the consent or to permit or disallow nomination and/or assignment by the Purchaser shall be at the absolute discretion of the Bank.

  • No Assignment to Borrower No such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries.

  • NO ASSIGNMENT WITHOUT PERMISSION Other than in connection with a sale of all or substantially all of its competitive electric supply business, Competitive Supplier shall not assign its rights and privileges under this Agreement without the prior written approval of the Town. Such approval may by denied at the reasonable discretion of the Town if it determines that the proposed assignee does not have at least the same financial ability, experience, and qualifications as the assigning Competitive Supplier. Notwithstanding the foregoing, the Town may not unreasonably withhold its consent to an assignment to an affiliated entity under common control or management with Competitive Supplier or Competitive Supplier’s corporate parent that has the financial ability, qualifications, and experience to fulfill all obligations of Competitive Supplier under this Agreement, and which agrees, in writing to be bound by the terms and conditions of this Agreement. By making any assignment under this Article, Competitive Supplier shall be deemed to have represented and warranted to the Town that the assignee possesses such financial ability, qualifications, and experience. The Town may assign this Agreement without the prior consent of Competitive Supplier provided that the proposed assignee has at least the same creditworthiness as the Town and such assignment would not in any way impair the rights and interests of Competitive Supplier under this Agreement. The rights and obligations created by this Agreement shall inure to the benefit of, and be binding upon, the successors and permitted assigns of, the respective Parties hereto.

  • No Assignments The rights and obligations under this Agreement shall not be assignable.

  • No Assignment to Natural Persons No such assignment shall be made to a natural person.

  • No Assignment of Claims Executive affirms and warrants that he has made no assignment of any right or interest in any claim which he may have against any of the Employer Released Parties.

  • No Assignment or Delegation No party may assign any right or delegate any obligation hereunder, including by merger, consolidation, operation of law, or otherwise, without the written consent of the other party. Any purported assignment or delegation without such consent shall be void, in addition to constituting a material breach of this Agreement.

  • No Assignment; No Third Party Beneficiaries This Agreement and the rights, duties and obligations hereunder may not be assigned or delegated by the Company or BNYMCM. Any purported assignment or delegation of rights, duties or obligations hereunder shall be void and of no effect. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and their respective successors and, to the extent provided in Article VI, the controlling persons, officers, directors, employees and agents referred to in Article VI. This Agreement is not intended to confer any rights or benefits on any Persons other than as set forth in Article VI or elsewhere in this Agreement.

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