Non-Assignability by Escrow Agent. Escrow Agent’s rights, duties and obligations hereunder may not be assigned or assumed without the written consent of Class Counsel and the Defendants.
Non-Assignability by Escrow Agent. The Escrow Agent’s rights, duties, and obligations hereunder may not be assigned or assumed without the written consent of Class Counsel or the Court. Notwithstanding the foregoing, any corporation or association into which Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which Escrow Agent is a party, shall be and become the successor Escrow Agent under this Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance of any further act.
Non-Assignability by Escrow Agent. E scrow Agent’s rights, duties and obligations hereunder may not be assigned or assumed before the Effective Date without the written consent of Defendants’ Counsel and a majority of Co-Lead Class Counsel. A fter the Effective Date, such assignment or assumption shall require only the written consent of a majority of Co-Lead Class Counsel.
