Common use of Restrictions on Assignment Clause in Contracts

Restrictions on Assignment. 14.1.1 Subject to Clause 14.1.2 any Party may assign this Agreement to any Affiliate of such Party, and with the consent of the other Parties (which shall not unreasonably be withheld) to any other person, provided in each case that the assignee is capable of complying with the obligations of the assigning Party and that the assignee shall enter into an agreement substantially in the form in Annex D with the other Parties covenanting to be bound by the obligations of the assigning Party under this Agreement as if the assignee had originally been named in this Agreement in place of the assigning Party, whereupon the assigning Party shall be released from all further obligations under this Agreement.

Restrictions on Assignment. 14.1.1 Subject to Clause 14.1.2 14.1.2] any Party may assign this Agreement to any Affiliate of such Party, and with the consent of the other Parties (which shall not unreasonably be withheld) to any other person, provided in each case that the assignee is capable of complying with the obligations of the assigning Party and that the assignee shall enter into an agreement substantially in the form in Annex D with the other Parties covenanting to be bound by the obligations of the assigning Party under this Agreement as if the assignee had originally been named in this Agreement in place of the assigning Party, whereupon the assigning Party shall be released from all further obligations under this Agreement.