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Common use of Transfer of Foreground Clause in Contracts

Transfer of Foreground. 8.2.1 Each Party may transfer ownership of its own Foreground following the procedures of the Project Contract. 8.2.2 It may identify specific third parties it intends to transfer the ownership of its Foreground to in Attachment (5) to this Partnership Agreement. The other Parties hereby waive their right to object to a transfer to listed third parties according to the Project Contract. 8.2.3 The transferring Party shall, however, notify the other Parties of such transfer and shall ensure that the rights of the other Parties will not be affected by such transfer. Any addition to Attachment (5) after signature of this Agreement requires a decision of the [Steering Committee][Executive Board]. 8.2.4 The Parties recognize that in the framework of a merger or an acquisition of an important part of its assets, a Party may be subject to confidentiality obligations which prevent it from giving the full 45 days prior notice for the transfer as foreseen in the Project Contract.

Appears in 3 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

Transfer of Foreground. 8.2.1 Each Party may transfer ownership of its own Foreground following the procedures of the Project Contract. 8.2.2 It may identify specific third parties it intends to transfer the ownership of its Foreground to in Attachment (5) to this Partnership Agreement. The other Parties hereby waive their right to object to a transfer to listed third parties according to the Project Contract. 8.2.3 The transferring Party shall, however, notify the other Parties of such transfer and shall ensure that the rights of the other Parties will not be affected by such transfer. Any addition to Attachment (5) after signature of this Agreement requires a decision of the [Steering Committee][Executive Board]Committee and the Project Operator. 8.2.4 The Parties recognize that in the framework of a merger or an acquisition of an important part of its assets, a Party may be subject to confidentiality obligations which prevent it from giving the full 45 days prior notice for the transfer as foreseen in the Project Contract.

Appears in 1 contract

Samples: Partnership Agreement