Common use of Sponsor not to assign etc Clause in Contracts

Sponsor not to assign etc. The Sponsor must not assign or novate this Agreement without Our prior written consent. We may novate or assign this Agreement to any party nominated by Us. If We wish to assign or novate this Agreement, We will give written notice to the Sponsor and will provide an assignment or novation deed or agreement, which provides, among other things, that: (a) the Sponsor consents to the assignment or novation as the case may be; (b) the assignee/xxxxxxx agrees to comply with any provisions of this Agreement and perform any outstanding obligations under this Agreement; and (c) the Sponsor releases Us from further liability under this Agreement and in connection with the Event, and the Sponsor must duly execute and deliver that document promptly to Us.

Sponsor not to assign etc. The Sponsor must not assign or novate this Agreement without Our prior written consent. We may novate or assign this Agreement to any party nominated by Us. If We wish to assign or novate this Agreement, We will give written notice to the Sponsor and will provide an assignment or novation deed or agreement, which provides, among other things, that: (a) the Sponsor consents to the assignment or novation as the case may be; (b) the assignee/xxxxxxx novatee agrees to comply with any provisions of this Agreement and perform any outstanding obligations under this Agreement; and (c) the Sponsor releases Us from further liability under this Agreement and in connection with the Event, and the Sponsor must duly execute and deliver that document promptly to Us.