Common use of Satisfaction of Existing Obligations and Assumption of Contingent Liabilities Clause in Contracts

Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. Except as otherwise provided in Section 11.1.3 above, SBC-13STATE may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of Attaching Party under this Agreement and the assignee’s or successor’s assumption of any liabilities, or contingent liabilities, of Attaching Party arising out of or in connection with this Agreement, which approval shall not be unreasonably withheld or delayed.

Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. Except as otherwise provided in Section 11.1.3 above, SBC-13STATE may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of Attaching Party under this Agreement and the assignee’s or successor’s assumption of any liabilities, or contingent liabilities, of Attaching Party arising out of or in connection with this Agreement, which approval shall not be unreasonably withheld or delayed.