Common use of Restriction of Assignments Clause in Contracts

Restriction of Assignments. Except as otherwise provided in this Section 10, neither party may assign this Agreement without (i) the other party’s prior written consent, such consent not to be unreasonably delayed, conditioned or withheld, it being understood that refusal to consent to the assignment of the Agreement to a Person that does not own or control the operation of the Capacity Facility shall not be deemed to be unreasonable, and (ii) the prior approval of the Board. Any assignment in violation of this provision shall be void.

Restriction of Assignments. Except as otherwise provided in this Section 10, neither party may assign this Agreement without (i) the other party’s prior written consent, such consent not to be unreasonably delayed, conditioned or withheld, it being understood that refusal to consent to the assignment of the Agreement to a Person that does not own or control the operation of the Capacity Facility shall not be deemed to be unreasonable, and (ii) the prior approval written consent of the Board. Any assignment in violation of this provision shall be void.