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. 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. Nothing in this Agreement shall be construed as an assignment of, or an attempt to assign to Buyer, any Non-Assignable Right. In connection with such Non-Assignable Rights:
(i) the Selling Parties shall apply for and use their best efforts, both prior to and following the Closing Date, in order to obtain for Buyer the required consent of any third Person in a form reasonably satisfactory to Buyer to allow for the transfer thereof;
(ii) the Selling Parties and Buyer shall cooperate in making reasonable and lawful arrangements acceptable to Buyer designed to provide to Buyer the benefits of any Non-Assignable Right;
(iii) the Selling Parties and Buyer shall cooperate in enforcing any rights of Seller arising from such Non-Assignable Rights against the issuer thereof or the Person or Persons thereto;
(iv) the Selling Parties and Buyer shall take all such actions and do, or cause to be done, all such things as shall be reasonably be necessary and proper in order that the value of any Non-Assignable Rights shall be preserved and shall inure to the benefit of Buyer; and
(v) the Selling Parties shall pay over to Buyer all monies collected by or paid to Seller in respect of such Non-Assignable Rights. If the Selling Parties are unable to provide lawfully the benefit of any Governmental Authorization to Buyer, they shall not, at any time, use such Governmental Authorization for their own purposes or assign or provide the benefit of such Governmental Authorization to any other party.
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. Except as may be expressly permitted under any other provision of this Agreement, neither the Employee nor his Surviving Spouse shall have any right to commute, sell, anticipate, assign, transfer, or otherwise convey the right to receive any payments hereunder, which payments and the rights thereto hereby are expressly declared to be non-assignable and non-transferable.
