Restrictions on Assignment and Transfer. Upon written notice to the Authority, the District shall have the right to assign this Agreement as may be necessary to facilitate the issuance of the Bonds or the payment of any Bond Requirements. Except in connection with issuing the Bonds, the payment of any Bond Requirements, or the exercise of remedies with respect thereto, the District shall not assign all or any part of this Agreement without the prior written consent of the Authority. No voluntary or involuntary successor in interest of the District shall acquire any rights or powers under this Agreement except as expressly set forth in this Agreement. Developer shall have the right to assign this Agreement provided that the controlling persons of Developer as of the date of this Agreement shall be the controlling interested persons in the assignee. For purposes of this definition and this Agreement, “control” means the power to direct the management and policies of a person through the ownership of at least a majority of its voting securities or otherwise, or the right to designate or elect at least a majority of the members of its governing body by contract or corporate membership rights or otherwise; and the term “person” means an individual, association, unincorporated organization, corporation (for profit or nonprofit), limited liability company, partnership, joint venture, business trust or government or agency or a political subdivision thereof, or any other entity. No other assignment is permitted without the express written consent of the Authority.
Restrictions on Assignment and Transfer. Except as expressly provided in this XXXX, you may not sublicense, assign, or transfer this license or XXXX to another party. Any attempt to sublicense, assign or transfer any of the rights, duties or obligations under this XXXX shall be null and void and without any legal effect.
Restrictions on Assignment and Transfer. Except as otherwise permitted pursuant to this Agreement, no Person may assign such Person’s rights and obligations under this Agreement, in whole or in part, without the prior written consent of the Sponsor Investors, except to any Permitted Transferee of a Holder who has received any Registrable Securities in any Transfer by such Holder and has agreed in writing to be bound by the provisions of this Agreement affecting the Registrable Securities so Transferred. Any such assignee may not again assign those rights, other than in accordance with this Section 9(b). Any transfer or assignment, or attempted transfer or assignment, of Registrable Securities or rights or obligations relating thereto in violation of any provision of this Agreement will be void, and the Company will not record such transfer or assignment on its books or treat any purported transferee or assignee of such Registrable Securities, or such rights or obligations, as the owner or holder thereof for any purpose (but the Company will be entitled to enforce against such Person the obligations hereunder).
Restrictions on Assignment and Transfer. Except as permitted by the Resolutions, BellSouth shall not sell, assign, pledge, hypothecate or otherwise transfer, other than to an affiliate of BellSouth, (i) this Agreement or any of its rights or obligations hereunder or (ii) any of its right, title or interest in the shares of Series A Preferred Stock issued pursuant to this Agreement. Any sale, assignment, pledge, hypothecation or other transfer in violation of this Section 9.1 shall be void ab initio and the purported transferee shall acquire no rights in any of the foregoing.
Restrictions on Assignment and Transfer. Owing to the nature of the P3 Project, including the selection of Vintage because of its unique qualifications and ownership of (or unconditional right to acquire) the Vintage Property, no assignment of the rights granted to Vintage under this Agreement shall occur without the prior written consent of ADOT and the City, which consent may be given or withheld in ADOT’s and the City’s reasonable discretion. Any purported assignment, transfer or conveyance in violation of this Section shall be void and shall vest no rights in the purported assignee or transferee.
Restrictions on Assignment and Transfer. The Developer shall not assign or otherwise transfer any right or interest in this Agreement, including any right in the Property, without the Authority’s prior written consent. For the purposes of this Agreement, transfer shall include a change in the identity of the parties in control of the Developer. Prior to the Effective Date the Developer shall disclose to Seller all parties who have an interest in the Developer. Notwithstanding the foregoing, the Developer may assign or otherwise transfer its interest in this Agreement to any affiliate that is wholly-owned or wholly-controlled by the Developer, without obtaining the Authority’s consent; provided, however, the Developer shall first notify the Executive Director of the Authority and the City Attorney of the City of Englewood in writing of any such assignment or transfer at least ten (10) days prior to the effective date thereof to confirm compliance with this Agreement. In such notice, the Developer shall disclose (a) all parties who have an interest in the Developer and (b) notify the Authority of any and all changes whatsoever in the identity of the parties in control of the Developer, or the degree thereof. No voluntary or involuntary successor in interest of the Developer shall acquire any rights or powers under this Agreement except as expressly set forth herein. The provisions of this Section 7.13 shall terminate upon Completion of Construction of the Improvements. Approval of a transfer by the Authority shall not relieve the Developer of its obligations hereunder unless the Authority agrees in writing.
Restrictions on Assignment and Transfer
