Common use of Purchaser to Act as Agent for Seller Clause in Contracts

Purchaser to Act as Agent for Seller. This Agreement shall not constitute an agreement to assign any claim, contract or franchise if any attempted assignment of the same without the consent of the other party thereto would constitute a breach thereof or in any way affect the rights of the Seller thereunder. If such consent is not obtained, or if any attempted assignment would be ineffective or would diminish the Seller's rights thereunder so that the Purchaser would not in fact receive all such rights, then subject to the terms and conditions of Section 5.3, Purchaser may act as agent for Seller in order to obtain for Purchaser the benefits thereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Access Solutions International Inc), Asset Purchase Agreement (Paperclip Imaging Software Inc/De)

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Purchaser to Act as Agent for Seller. This Agreement shall not constitute an agreement to assign any claim, contract contract, permit or franchise right if any attempted assignment of the same without the consent of the other party thereto would constitute a breach thereof or in any way affect the rights of the Seller thereunder. If such consent is not obtained, or if any attempted assignment would be ineffective or would diminish the affect Seller's rights thereunder so that the Purchaser would not in fact receive all such rights, then subject to the terms and conditions of Section 5.3, Purchaser may act as agent for Seller in order to obtain for Purchaser the benefits thereunder.

Appears in 2 contracts

Samples: Contribution Agreement (Entrade Inc), Contribution Agreement (Worldwide Web Networx Corp)

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Purchaser to Act as Agent for Seller. This Nothing in this Agreement shall not is intended to constitute an agreement to assign any claimasset, contract right or franchise claim if any attempted assignment of the same such assignment, without the consent of the other party thereto would constitute a breach thereof or in any way affect the rights of the Seller thereunder. If such consent is not obtainedanother party, or if any attempted assignment would be ineffective or would diminish constitute a breach of an agreement relating thereto or otherwise adversely affect the Seller's rights thereunder so value of such asset, right or claim such that the Purchaser would not in fact receive all of the value thereof. To the extent any such rightsthird party consent is required with respect to any asset, right or claim, then subject Seller shall provide to the terms and conditions of Section 5.3, Purchaser may act as agent for Seller in order to obtain for Purchaser the benefits thereunder, including without limitation, enforcement thereof for the benefit of Purchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynamotion/Ati Corp)

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