Nonassignable Right definition

Nonassignable Right shall have the meaning set forth in Section ------------------- ------- 2.3(a) hereof. ------
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Nonassignable Right has the meaning set forth in Section 1.4.
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Examples of Nonassignable Right in a sentence

  • Once such consent, authorization, approval, waiver, release, substitution or amendment is obtained, Seller shall sell, assign, transfer, convey and deliver to Buyer the relevant Non-assignable Right to which such consent, authorization, approval, waiver, release, substitution or amendment relates for no additional consideration.

  • To the extent that any such consent or waiver is not so obtained or any such action is not so taken, Seller shall use commercially reasonable efforts at Purchaser’s sole cost and expense to (a) provide to Purchaser the benefits of any such Nonassignable Right, (b) cooperate in any reasonable arrangement requested by Purchaser designed to provide such benefits to Purchaser, and (c) enforce for the account of Purchaser any right of Seller arising from any such Nonassignable Right against such third party.

  • Buyer acknowledges and agrees that it shall use commercially reasonable best efforts to perform any portion of a Nonassignable Right, the financial and business benefits of which are being provided to Buyer in accordance with clause (i) of the preceding sentence, to the same extent as would be required of Seller under the terms of such Nonassignable Right (i.e., in the same (or as similar as practicable) manner and time, and with the same quality, required of Seller).

  • Under any such arrangements, unless otherwise agreed by the parties, Seller shall continue to hold legal title to such Non-assignable Right for the exclusive benefit of Buyer and Buyer shall, as agent or subcontractor for Seller, pay, perform and discharge fully the Assumed Liabilities thereunder from and after the Closing Date.

  • Bosch Telecom covenant and agree with BBT that they shall use commercially reasonable efforts to perform any obligation attendant to a Non-assignable Right, the financial and business benefits of which are being provided to Bosch Telecom in accordance with clause (i) of this Section 9.1 to the same extent required of BBT in such Non-assignable Right.