Common use of TRANSFER OF BUSINESS OR CONTROL Clause in Contracts

TRANSFER OF BUSINESS OR CONTROL. OF LICENSEE ------------------------------------------- 12.1 By Licensee and its Owners. Muzak has entered into this Agreement in -------------------------- reliance on the business skills, financial capacity, and personal character of Licensee and its owners. Accordingly, Licensee shall not permit the transfer of any interest in or of Licensee that would have the effect, alone or together with other previous, simultaneous, or proposed transfers, of directly or indirectly transferring a controlling interest (whether in stock, partnership interests or otherwise) in this Agreement, Licensee, or a major portion of the assets used in the Business without the prior written consent of Muzak and without otherwise complying with the requirements of this Article XII. Any such purported assignment or transfer, by operation of law or otherwise, not having the written consent of Muzak and not otherwise complying with the requirements of this Article XII shall be null and void and shall constitute a material breach of this Agreement.

TRANSFER OF BUSINESS OR CONTROL. OF LICENSEE ------------------------------------------- 12.1 By Licensee and its Owners. Muzak has entered into this Agreement -------------------------- in -------------------------- reliance on the business skills, financial capacity, and personal character of Licensee and its owners. Accordingly, Licensee shall not permit the transfer of any interest in or of Licensee that would have the effect, alone or together with other previous, simultaneous, or proposed transfers, of directly or indirectly transferring a controlling interest (whether in stock, partnership interests or otherwise) in this Agreement, Licensee, or a major portion of the assets used in the Business without the prior written consent of Muzak and without otherwise complying with the requirements of this Article XII. Any such purported assignment or transfer, by operation of law or otherwise, not having the written consent of Muzak and not otherwise complying with the requirements of this Article XII shall be null and void and shall constitute a material breach of this Agreement.