Common use of Pre-Approved Assignment Clause in Contracts

Pre-Approved Assignment. Each Party shall have the right, without the prior consent of the other Party, to (a) mortgage, pledge, encumber or otherwise impress a lien or security interest upon its rights and interest in and to this Agreement and (b) make a transfer pursuant to any security interest arrangement described in (a) above, including any judicial or non-judicial foreclosure and any assignment from the holder of such security interest to another Person.

Appears in 18 contracts

Samples: Crude Oil Gathering Agreement (Hess Midstream LP), Gas Gathering Agreement (Hess Midstream LP), Gas Processing and Fractionation Agreement (Hess Midstream LP)

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Pre-Approved Assignment. Each Either Party shall have the right, right without the prior consent of the other Party, to (a) mortgage, pledge, encumber or otherwise impress a lien or security interest upon its rights and interest in and to this Agreement and (b) make a transfer pursuant to any security interest arrangement described in (a) above, including any judicial or non-judicial foreclosure and any assignment from the holder of such security interest to another Person.

Appears in 7 contracts

Samples: Gathering Agreement (CNX Midstream Partners LP), Gathering Agreement (CONE Midstream Partners LP), Gathering Agreement (CONE Midstream Partners LP)

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