Prohibition against Assignment etc Sample Clauses

Prohibition against Assignment etc. 25.1. The functions, rights or obligations under this Agreement shall not be assigned or delegated to any party or person by the RTA without the express prior written consent of CDSL. Any purported assignment or delegation in contravention of the terms of this Agreement shall be null and void. For the purpose of this clause, any substantial change in the share holding pattern or the constitution of the Board of Directors or in the composition of the partnership shall constitute an assignment of the business.
Sample 1Sample 2Sample 3See All (29)
AutoNDA by SimpleDocs
Prohibition against Assignment etc. (a) Tenant covenants and agrees that neither this lease, nor the term and estate hereby granted, nor any part hereof or thereof shall be assigned, mortgaged, pledged, or otherwise transferred (whether voluntarily or involuntarily, by operation of law or otherwise) to, and that neither the Demised Premises, nor any part thereof, shall be sublet to, or offered or advertised for subletting to, or be used or occupied by or permitted to be used or occupied by, anyone other than Tenant. (b) Unless Tenant is an entity the securities of which are registered under appropriate statutory authority and listed and traded on a national securities exchange, the transfer of any portion of the capital stock of Tenant or the issuance, of additional capital stock of Tenant the result of which, in either event, shall be the transfer of control of Tenant to any person or entity not controlling Tenant on the date of this lease shall be deemed an assignment of this lease within the meaning of this Section, and shall not be valid and binding upon Landlord. (c) If Tenant is controlled (directly or indirectly) by a corporation or other business entity, ("Parent"), the securities of which are not registered under appropriate statutory authority and not listed and traded on a national securities exchange or NASDAQ, the transfer of any portion of the capital stock of such Parent or the issuance of additional capital stock of such Parent the result of which, in either event, shall be the transfer of control of such Parent to any person or entity not controlling such Parent on the date of this lease shall be deemed an assignment of this lease within the meaning of this Section, and shall not be valid and binding upon Landlord.* (d) Any transfer by operation of law or otherwise, of Xxxxxx's interest in this lease, shall be deemed an assignment of this lease within the meaning of this Section and shall not be valid and binding upon Landlord. (e) If this lease shall be assigned, whether or not in violation of the provisions of this lease, Landlord may (but need not) collect rent from the assignee. If the Demised Premises or any part thereof be sublet or occupied by anyone other than Tenant, Landlord may (but need not), after default by Tenant and expiration of Tenant's time to cure such default, collect rent from the subtenant or occupant. In either event, Landlord may apply the net amount collected to the rents herein reserved, but no such assignment, subletting, occupancy or collection s...
Sample 1See All (4)
Prohibition against Assignment etc. 26.1. The functions, rights or obligations under this Agreement shall not be assigned or delegated to any party or person by the Repository Participant without the express prior written consent of CCRL. Any purported assignment or delegation in contravention of the terms of this Agreement shall be null and void. For the purpose of this clause, any substantial change in the share holding pattern or the constitution of the Board of Directors or in the composition of the partnership shall constitute an assignment of the business and/or functions.
Sample 1Sample 2
Prohibition against Assignment etc. The Lessee shall not assign the lease hereby created or any right title or interest under this Agreement or underlet or sub-let or part with or share the possession or the occupation or the use of the Land or any part thereof or in any way create any security or other encumbrance over the same without the prior consent in writing of the Lessor, which consent shall not be withheld provided that the Lessee and the assignee/ sub-lessee/ tenant/ occupier who shall receive the benefit of the assignment/ possession/ occupation/ use of the Land under this Section 11 complies with the industrial standard and the requirements of the development plans of the Penang Industrial Park set by the Lessor and the State Authority at the time of the assignment provided always that in any event any such assignment sub-letting or parting with or sharing of possession shall not extend beyond the expiration of the Term. The acceptance of any lease consideration or other monies by the Lessor tendered by any purported assignee, under-lessee, sub-tenant or occupier of the Land or any part thereof claiming through or under the Lessee shall not be deemed to be an acceptance by the Lessor of any such person or persons as assignee, under-lessee, sub-tenant or lawful occupier of the Land or any part thereof.
Sample 1

Related to Prohibition against Assignment etc

  • Actions against Parties; Notification Each indemnified party shall give notice as promptly as reasonably practicable to each indemnifying party of any action commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is not materially prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement. In the case of parties indemnified pursuant to Section 6(a) above, counsel to the indemnified parties shall be selected by the Representatives, and, in the case of parties indemnified pursuant to Section 6(b) above, counsel to the indemnified parties shall be selected by the Company. An indemnifying party may participate at its own expense in the defense of any such action; provided, however, that counsel to the indemnifying party shall not (except with the consent of the indemnified party) also be counsel to the indemnified party. In no event shall the indemnifying parties be liable for fees and expenses of more than one counsel (in addition to any local counsel) separate from their own counsel for all indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought under this Section 6 or Section 7 hereof (whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent (i) includes an unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!