Common use of Prohibited Dispositions Clause in Contracts

Prohibited Dispositions. A Party is prohibited from Transferring any of its interest in the Properties or Other Asset or any of its rights under this Agreement unless: (a) its interest in the Properties and Other Assets and in its rights under this Agreement are Transferred together (or, if a portion, in the same proportion); (b) such Transfer occurs when such Party is not in default of any of its covenants and agreements herein contained; and (c) such Transfer, if it constitutes a Transfer by a Party of a portion of its interest in the Properties and the Other Assets and in its rights under this Agreement, has been approved by the other Party, such approval not to be unreasonably withheld.