Common use of Transfer of rights and/or obligations Clause in Contracts

Transfer of rights and/or obligations. Eurocard shall be entitled to transfer/pledge the full account balance in existence at any given time, and all other rights and obligations in accordance with this agreement without obtaining the account holder’s prior consent. Notwithstanding the foregoing, Eurocard’s consent shall be required if the account holder’s obligations and/or rights under this agreement are to be transferred to another party.

Transfer of rights and/or obligations. Eurocard shall be entitled to transfer/pledge the full all account balance debt in existence at any given one time, and all other rights and obligations in accordance with this agreement without obtaining the account holder’s prior consent. Notwithstanding the foregoing, Eurocard’s consent shall be required if the account holder’s obligations and/or rights under this the agreement are to be transferred to another party.