Transferring Rights Clause Samples
The "Transferring Rights" clause defines the conditions under which a party to the agreement may assign or transfer its contractual rights and obligations to another entity. Typically, this clause outlines whether such transfers require prior written consent from the other party, or if they are permitted freely, and may specify exceptions such as transfers due to mergers or acquisitions. Its core practical function is to control and clarify the circumstances under which contractual rights can change hands, thereby protecting the interests of all parties and preventing unwanted or unauthorized assignments.
Transferring Rights. The Grantor shall notify, consult and obtain permission in writing from DUC before entering into any lease, easement or Right of Way on the Property regarding exploration and extraction of mineral, oil or gas resources. Accordingly, any entry fees or surface lease rentals are payable to the Grantor. Once exploration and extraction are complete, DUC will work with the landowner to ensure that impacts to the Habitat Area are minimized and rehabilitated (not at DUC expense) to the state they were in when this Conservation Easement was signed.
Transferring Rights. You shall notify, consult and obtain permission from DUC before entering into any lease, easement or right of way on the Habitat Area.
Transferring Rights. 12.1 The Tenant declares that it is aware that Section 22 of the Higher and Loan Law, 5731 – 1971, does not apply to this Agreement.
12.2 The Tenant shall be entitled to lease the Premises or any part thereof in a sublease subject to the Lessor’s prior written consent. The Lessor will not refuse to give its consent as aforementioned unless for reasonable reasons.
12.3 Subject to the aforementioned, the Tenant shall not be entitled to transfer its rights pursuant to this Agreement in any manner whatsoever, without receiving the Lessor’s prior written consent for this. The Lessor shall have absolute and sole discretion for giving its consent as aforementioned, to condition it on conditions or to refuse to give it and shall not have to rationalize his attitude.
12.4 The Lessor shall be entitled to encumber and/or mortgage and/or transfer and/or assign partially or fully his rights in the building and/or in the Premises and/or in any part thereof and/or his rights pursuant to this Agreement entirely or partially, as he deems fit, all provided that the Tenant’s rights pursuant to this Agreement are not prejudiced. The Tenant undertakes to cooperate and sign any document requested should any be requested by the Lessor for authorizing and/or exercising the provisions in this section.
Transferring Rights. The rights granted by virtue of this Agreement are personal. Neither party can transfer or grant any of these rights to anyone else without the permission, in writing, of the other. This permission must not be unreasonably withheld or delayed.
Transferring Rights. 19.1 The Lessee shall not be entitled to deliver and/or transfer and/or lease and/or assign and/or convert and/or mortgage and/or pledge its rights in accordance with this Agreement and/or to allow any third party whomsoever to use and/or possess the Rented Premises or any part thereof and/or to involve any third party whomsoever in its possession of the Rented Premises or in the use thereof or in the deriving of pleasure therefrom, be it directly or indirectly, be it for consideration or not for consideration.
19.2 The Lessor shall be entitled to transfer its rights according to this Agreement and/or to sell the Rented Premises, provided that the Lessee's rights according to this Agreement are not infringed upon as a result, and provided that it informs the recipient of the rights and/or the Buyer (as applicable) of the existence of this Rental Agreement, and the recipient of the rights and/or the Buyer assumes all the Lessor's obligations and rights vis-a-vis the Lessee according to this Rental Agreement and delivers a copy of the Buyer's aforementioned approval to the Lessee. Should the Lessor's rights be transferred as stated above, the Lessor shall notify the Lessee of same in writing.
Transferring Rights. 16.1. It is not allowed to replace the supplier in the contract, except for the cases stipulated by the legislation of Georgia (merger of the organization, division, etc.).