Common use of Restricted Assignment Clause in Contracts

Restricted Assignment. Except as expressly provided in Sections 20 and 21, this Agreement, and the rights and obligations of the Parties hereunder, are personal in nature, and neither this Agreement, nor any right, benefit, or obligation of either Party hereto, shall be subject to voluntary or involuntary assignment, alienation or transfer, whether by operation of law or otherwise, without the prior written consent of the other Party. Any attempted assignment, transfer, or delegation in violation of the preceding sentence shall be void and of no force or effect.

Appears in 5 contracts

Samples: Employment Agreement (Harvest Oil & Gas Corp.), Employment Agreement (Harvest Oil & Gas Corp.), Employment Agreement (Harvest Oil & Gas Corp.)

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Restricted Assignment. Except as expressly provided in Sections 20 15 and 2116, this Agreement, and the rights and obligations of the Parties hereunder, are personal in nature, and neither this Agreement, nor any right, benefit, or obligation of either Party hereto, shall be subject to voluntary or involuntary assignment, alienation or transfer, whether by operation of law or otherwise, without the prior written consent of the other Party. Any attempted assignment, transfer, or delegation in violation of the preceding sentence shall be void and of no force or effect.

Appears in 3 contracts

Samples: Control Severance Agreement (Trans Energy Inc), Control Severance Agreement (Trans Energy Inc), Control Severance Agreement (Ensco PLC)

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