Non-Assignable Rights Sample Clauses

Non-Assignable Rights. Neither the Executive nor his spouse, nor other Beneficiary, will have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder without the written consent of the Company. Such payments and the right thereto are expressly declared to be non-assignable and nontransferable.

Non-Assignable Rights. Neither the execution, delivery nor --------------------- performance of this Agreement by the Company nor the consummation of the transactions contemplated hereby will (i) conflict with or result in a breach or termination of, or prevent the Company from realizing the benefits otherwise obtainable by the Company under, any permits or property interests of the Company or any Contract, agreement, arrangement or commitment of the Company or (ii) require the affirmative consent or approval of any third party.

Non-Assignable Rights. It is agreed that neither the Executive nor the Executive’s spouse, nor other beneficiary, will have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder without having the written consent of Nalco to do so. Such payments and the right thereto are expressly declared to be non-assignable and non-transferable.

Non-Assignable Rights. The Borrower declares that to the extent that any right, title, interest or benefit described in Clause 3.1 (Assignment) is for any reason not effectively assigned pursuant to Clause 3.1 (Assignment) for whatever reason, it shall:

Non-Assignable Rights. The Company declares that to the extent that any right, title, interest or benefit described in Clause 3.1 (Assignment) is for any reason not effectively assigned pursuant to Clause 3.1 (Assignment) for whatever reason, it shall: (a) hold the benefit of the same on trust for the Collateral Agent as security for the payment and discharge of the Secured Obligations; and (b) promptly upon becoming aware of the same, notify the Collateral Agent of the same and the reasons therefore and thereafter take such steps as the Collateral Agent may reasonably require to remove such prohibition or other reason for such incapacity.

Non-Assignable Rights. Except as otherwise provided by this Agreement, it is agreed that neither the Director nor his spouse, nor other beneficiary, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder which payments and the right thereto are expressly declared to be non-assignable and non-transferable.

Non-Assignable Rights. The Borrower declares that to the extent that any right, title, interest or benefit described in Clause 3.1 (Assignment and charge) is for any reason not effectively assigned or charged, as the case may be, pursuant to Clause 3.1 (Assignment and charge) for whatever reason, it shall: (a) hold the benefit of the same on trust for the Collateral Agent as security for the payment and discharge of the Secured Obligations; and (b) promptly upon becoming aware of the same, notify the Collateral Agent of the same and the reasons therefore and thereafter take such steps as the Collateral Agent may reasonably require to remove such prohibition or other reason for such incapacity.

Non-Assignable Rights. The Company declares that to the extent that any right, title, interest or benefit described in Clause 4.1 (Assignment) is for any reason not effectively assigned pursuant to Clause 4.1 (Assignment) for whatever reason, it shall: (a) hold the benefit of the same on trust for the Delegate as security for the payment and discharge of the Secured Obligations; and (b) promptly upon becoming aware of the same, notify the Delegate of the same and the reasons therefore and thereafter take such steps as the Delegate may reasonably require to remove such prohibition or other reason for such incapacity.

Non-Assignable Rights. Employee shall not have the right to anticipate or commute with any third party, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee. Should any attempt be made to reach any payments hereunder by other than Employee, the Escrow Agent shall make each payment as it becomes due to such person or persons, for the sole benefit of Employee as the Escrow Agent may deem expedient.

Non-Assignable Rights. To the extent that Buyer shall have determined to close this Agreement prior to receipt of any consent, approval or waiver necessary under applicable Law or otherwise, to transfer the rights and benefits of Sellers under any Acquired Contact or other Acquired Asset to Buyer, then, from and after the Closing Date, the parties hereto shall cooperate and use their respective best efforts to obtain as promptly as practicable all consents, approvals and waivers required by any third party or Governmental Authority to transfer to Buyer such Acquired Contract and/or Acquired Asset in a manner that will avoid any default, conflict or termination of rights thereunder. Until the time that such consent, approval or waiver is obtained, each Seller (or an Affiliate thereof) possessing such rights and benefits shall use best efforts to cooperate in any lawful arrangement designed to provide the benefits of such Acquired Contract or Acquired Asset to Buyer in a manner that would as nearly as practicable reflect the purpose and intention of this Agreement, including, without limitation, entering into an agreement with Buyer, upon the written request of Buyer, to subcontract to Buyer all rights and obligations of such Seller under any Acquired Contract. In such event, to the extent applicable, (a) Buyer will promptly pay, perform or discharge, when due any and all obligations and liabilities arising thereunder, other than those being contested in good faith or which represent Excluded Liabilities, provided that the third party or parties to any such Acquired Contact or Acquired Asset has or have performed in all material respects all of its or their obligations thereunder and each Seller, as applicable, has fulfilled its obligations under clause (b) of this sentence, and (b) each Seller will promptly pay to Buyer, when received, all moneys received by it under any such Acquired Contract or Acquired Asset or any claim, right or benefit arising thereunder, provided, that Buyer has performed in all material respects all obligations under any such Acquired Contract or Acquired Asset required to be performed by such Seller after the Closing. Notwithstanding anything contained in this Agreement to the contrary, this Agreement shall not constitute an agreement to assign any Acquired Contract or Acquired Asset or any claim, right or benefit arising thereunder or resulting therefrom if an attempted assignment thereof without the consent of a third party thereto would constitute a b...