Section Assignment Clause Samples
The Assignment clause governs whether and how a party to the agreement can transfer its rights or obligations under the contract to another party. Typically, this clause specifies if assignments are permitted, require prior written consent, or are prohibited altogether, and may outline exceptions such as assignments in connection with a merger or sale of business assets. Its core practical function is to maintain control over who is bound by or benefits from the contract, thereby preventing unwanted or unapproved third parties from entering the contractual relationship.
Section Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but except as otherwise provided for or permitted herein neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any party hereto without the prior written consent of the other party.
Section Assignment. Neither this Agreement nor any rights of the ---------- Company hereunder may be assigned to any other Person. Section Termination. The obligations of the Investor to make Advances under ----------- Article II hereof shall terminate twenty-four (24) months after the Effective Date.
Section Assignment. Neither this Agreement nor any rights of the Company hereunder may be assigned to any other Person.
Section Assignment. All the provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that no Borrower may assign or transfer any of its rights under this Agreement.
Section Assignment. Purchaser may assign this Contract to an entity which is majority owned or controlled by Purchaser. Provided, however, this Contract may not be otherwise assigned in whole or in part by Purchaser without the prior written consent of Seller. Any such assignment of this Contract by Purchaser without Seller's prior written consent shall, at Seller's option, be null and void and of no effect. In the event that this Contract is assigned by Purchaser, then Purchaser shall be released from further liability or obligations hereunder.
Section Assignment. The course assignment shall proceed as follows:
Section Assignment. Subject to Section 6 of the Master Agreement, each Funding Party may, from time to time, at its sole discretion and without notice to the Guarantor, assign or transfer any or all of its portion of the Liabilities or any interest therein; and, notwithstanding any such assignment or transfer or any subsequent assignment or transfer thereof, such Liabilities shall be and remain Liabilities for the purposes of this Guaranty, and each and every such immediate and successive assignee or transferee of any of the Liabilities or of any interest therein shall, to the extent of such assignee's or transferee's interest in the Liabilities, be entitled to the benefits of this Guaranty to the same extent as if such assignee or transferee were such Funding Party. SECTION
Section Assignment. Notwithstanding anything to the contrary contained in this Agreement, this Agreement may not be assigned by the Seller without the prior written consent of Noteholders whose Notes evidence not less than 66% of the Outstanding Amount of the Notes as of the close of the preceding Distribution Date and of Certificateholders whose Certificates evidence not less than 66% of the Voting Interests as of the close of the preceding Distribution Date. The Seller shall provide notice of any such assignment to the Rating Agencies. 6.
Section Assignment. Neither this Agreement nor any of the rights, ---------- interests or obligations hereunder may be assigned by any of the parties hereto without the prior written consent of the other parties; provided, however, that -------- ------- Purchaser may assign its rights, but may not delegate its obligations, under this Agreement to any of its direct and indirect Subsidiaries; provided, -------- further, that any such assignee of Purchaser's rights hereunder prior to the ------- Closing Date shall make all of the representations, warranties, covenants, agreements and indemnities to and for the benefit of Sellers as are made by Purchaser hereunder. Subject to the preceding sentence, this Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. The parties agree and acknowledge that the inclusion of Vesta Fire as a party to this Agreement for purposes of Articles II, III, VI, XIV and XV does not constitute an assignment of Purchaser's rights or a delegation of Purchaser's obligations hereunder. Purchaser and Vesta Fire agree that they shall be jointly and severally liable for Vesta Fire's obligations hereunder.
Section Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by either of the parties hereto without the prior written consent of the other party. Any assignment in violation of the preceding sentence shall be void. Subject to the preced- ing two sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.