Common use of Non-Assignable Assets Clause in Contracts

Non-Assignable Assets. Nothing in this Agreement nor the consummation of the transactions contemplated hereby shall be construed as an attempt or agreement to assign any Business Contract, agreement, asset, property or right, including any certificate, approval, authorization or other right, which by its terms or by Law is nonassignable without the consent of a third party or a Governmental Entity or is cancelable by a third party in the event of an assignment (each a “Non-Assignable Asset” and collectively, the “Non-Assignable Assets”) unless and until such consent shall have been obtained.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Vivus Inc), Asset Purchase Agreement (Vivus Inc), Asset Purchase Agreement (Vivus Inc)

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Non-Assignable Assets. Nothing in this Agreement nor the consummation of the transactions contemplated hereby shall be construed as an attempt or an agreement to assign or cause the assignment of any Business Contract, agreement, asset, property or right, including any certificate, approval, authorization or other right, of the Acquired Assets which is by its terms or by Law is nonassignable law non-assignable without the consent of a third the other party or a Governmental Entity or is cancelable by a third party in the event of an assignment (each a “Non-Assignable Asset” and collectivelyparties thereto, the “Non-Assignable Assets”) unless and until such consent shall have been obtainedgiven.

Appears in 1 contract

Samples: Asset Purchase Agreement (Raven Industries Inc)

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