Common use of Permitted Assignment Clause in Contracts

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: 10.1.1. by providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s contact information, at least thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or 10.1.2. as part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s entire business; or (ii) that part of LICENSEE’s business that exercises all rights granted under this Agreement. Notwithstanding the foregoing, any assignment to an Excluded Entity is strictly prohibited.

Appears in 1 contract

Samples: Exclusive License Agreement (With Equity) (Provectus Biopharmaceuticals, Inc.)

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Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances:: ​ 10.1.1. by (a) By providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s 's contact information, at least thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s 's express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or 10.1.2. as (b) As part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s 's entire or substantially all of the business; or (ii) that part of LICENSEE’s 's business that exercises all rights granted under this Agreement. Notwithstanding the foregoing, any assignment to an Excluded Entity is strictly prohibited.

Appears in 1 contract

Samples: Exclusive License Agreement (Heat Biologics, Inc.)

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: 10.1.1. by (a) By providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s 's contact information, at least thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s 's express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or 10.1.2. as (b) As part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s 's entire or substantially all of the business; or (ii) that part of LICENSEE’s 's business that exercises all rights granted under this Agreement. Notwithstanding the foregoing, any assignment to an Excluded Entity is strictly prohibited.

Appears in 1 contract

Samples: Exclusive License Agreement (Heat Biologics, Inc.)

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: 10.1.1. (a) by providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s contact information, at least thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or 10.1.2. (b) as part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s entire business; or (ii) that part of LICENSEE’s business that exercises all rights granted under this Agreement. Notwithstanding the foregoing, any assignment to an Excluded Entity is strictly prohibited.

Appears in 1 contract

Samples: Exclusive License Agreement (Heat Biologics, Inc.)

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Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: 10.1.1. a. by providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s contact information, at least thirty (30) [*] days prior to the date of assignment, and obtaining UNIVERSITY’s express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or 10.1.2. b. as part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s entire business; or (ii) that part of LICENSEE’s business that exercises all rights granted under this Agreement. Notwithstanding the foregoing, any assignment to an Excluded Entity is strictly prohibited.

Appears in 1 contract

Samples: Exclusive License Agreement (Orphazyme a/S)

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