Restrictions on Assignment or Transfer Sample Clauses
The "Restrictions on Assignment or Transfer" clause limits a party’s ability to transfer its rights or obligations under the agreement to another person or entity. Typically, this clause requires that any assignment or transfer must receive prior written consent from the other party, and may specify exceptions or conditions under which transfers are permitted, such as to affiliates or in connection with a merger. Its core function is to ensure that both parties maintain control over who they are contracting with, thereby preventing unwanted or unapproved third parties from becoming involved in the agreement.
Restrictions on Assignment or Transfer. Except as provided for in this Section, this Agreement is not transferable or assignable without the express written approval of the City. The City and the Company acknowledge that the exact legal and financing structure used by the Company in developing, equipping and operating the Project may include additional legal entities; therefore, the Company may assign or transfer this Agreement, in whole or in part, without the approval of the City to (i) any Affiliate of the Company, (ii) any entity resulting from the merger or consolidation of or with the Company, (iii) any person or entity which acquires all (or substantially all) of the assets of the Company, (iv) any successor of the Company by reason of public offering, reorganization, dissolution, or sale of stock, membership or partnership interests or assets, or (v) in connection with any financing transaction entered into for the Project, including, but not limited to, any financing transaction under Ohio Revised Code Chapter 4582.
Restrictions on Assignment or Transfer. 4.1 The Licensee shall not assign, rent, lease, sell sublicense or otherwise transfer or grant any rights in or to the Software to another party without the prior written consent of Pure. Pure will require that any permitted assignee be bound by all the terms and conditions of this Agreement.
4.2 The license granted hereunder is effective for a period of one (1) year and may be extended for a further one (1) year term upon payment to Pure of the annual License fees described on Schedule "1". The license granted hereunder will automatically terminate if the Licensee fails to comply with any term of this agreement or the License Agreement with Pure, or if Licensee fails to comply with any term of any agreement with Owner/Manager. Upon termination the Licensee shall immediately destroy the Software, all copies thereof or return the same to Pure at the Licensee's expense.
4.3 From time to time Pure and/or its distributor may make updates of the Software or provide additional material of interest to the Licensee including information and, in some cases promotional pricing, on complementary products. So long as the Licensee is not in default or this Agreement or its License Agreement with Pure to which this is attached, the Licensee shall be entitled to receive such information and updates from time to time.
4.4 Pure will add Licensee's name to software pages, screens and printing.
Restrictions on Assignment or Transfer. LICENSEE shall not assign, rent, lease, redistribute, sell, sublicense, pledge, encumber or otherwise transfer the Software, or any portion thereof or any accompanying materials, to another party.
Restrictions on Assignment or Transfer. Except as provided for in this Section, this Agreement is not transferable or assignable without the express written approval of the City. The City and the Company acknowledge that the exact legal and financing structure used by the Company in developing, equipping and operating the Project may include additional legal entities; therefore, the Company may assign or transfer this Agreement, in whole or in part, without the approval of the City to (i) any Affiliate of the Company, or (ii) in connection with any financing transaction entered into for the Project, including, but not limited to, any financing transaction under Ohio Revised Code Chapter 4582.
Restrictions on Assignment or Transfer. Licensee shall not assign, rent, lease, sell, sublicense, pledge, encumber or otherwise transfer the Licensed Software to another party without the prior written consent of SFG. Any party authorized by SFG to receive the Licensed Software must agree to be bound by the terms and conditions of this license. SFG reserves the right to withhold such consent for any reason.
Restrictions on Assignment or Transfer