Common use of Succession and Transfer Clause in Contracts

Succession and Transfer. ‌ This CCAA shall be binding on and shall inure to the benefit of the Parties and their respective successors and transferees, (i.e., new owners) in accordance with applicable regulations (50 CFR 13.24 and 13.25). The rights and obligations under this CCAA and associated CIs can transfer with the ownership of the enrolled property and are transferable to subsequent non-federal property owners pursuant to 50 CFR 13.25. The take authority and assurances that are provided with each CI are also transferable to the new owner(s) pursuant to 50 CFR

Succession and Transfer. ‌ This CCAA shall be binding on and shall inure to the benefit of the Parties and their respective successors and transferees, (i.e., new owners) in accordance with applicable regulations (50 CFR 13.24 and 13.25). The rights and obligations under this CCAA and associated CIs can transfer shall run with the ownership of the enrolled property and are transferable to subsequent non-federal Federal property owners pursuant to 50 CFR 13.25. The take authority and assurances that are provided with each CI are also transferable to the new owner(s) pursuant to 50 CFR