Unauthorized Assignment definition

Unauthorized Assignment means an assignment by a Sunoco Contract Party of any of its obligations under a Borrower Operating Agreement other than an assignment to a purchaser with an Investment Grade Rating who fully assumes the obligations of such Sunoco Contract Party under such Borrower Operating Agreement.
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Unauthorized Assignment. Any assignment or purported assignment in violation of this Section 10.6 is void.
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Unauthorized Assignment means (a) an assignment by a Xxxxxx Party to any Person other than another Xxxxxx Party of any of its rights or obligations under a Material Agreement if such assignment could reasonably be expected to have a Material Adverse Effect, or (b) a holder of Liens shall foreclose or there shall occur a transfer in lieu of foreclosure or other involuntary transfer of any interests of a Xxxxxx Party in a Material Agreement if such foreclosure could reasonably be expected to have a Material Adverse Effect.
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Examples of Unauthorized Assignment in a sentence

  • Permit any amendment to any Material Agreement or the Partnership Agreement (MLP) if such amendment could reasonably be expected to materially adversely affect the Lenders; permit any assignment of any Material Agreement if such assignment could reasonably be expected to materially adversely affect the Lenders; or permit any Unauthorized Assignment of any Borrower Operating Agreement.

  • ASSIGNMENT 29 17.1. General Assignment 29 17.2. Assignment to Financing Providers 30 17.3. Assignment in Connection with a Change in Control 30 17.4. Unauthorized Assignment 30 ARTICLE 18.

  • If the Borrower receives a demand for performance of the Unauthorized Assignment Claim from the Unauthorized Assignee, the Borrower shall immediately notify the Agent of that fact.

  • ASSIGNMENT 30 17.1. General Assignment 30 17.2. Assignment to Financing Providers 30 17.3. Assignment in Connection with a Change in Control 31 17.4. Unauthorized Assignment 31 ARTICLE 18.

  • Permit any amendment to any Organizational Document of the Borrower, SXL Operations or the MLP if such amendment could reasonably be expected to materially adversely affect the rights and the remedies of the Lenders under the Loan Documents; permit any amendment of any SXL Operations Operating Agreement if such amendment could reasonably be expected to have a Material Adverse Effect; or permit any Unauthorized Assignment of any SXL Operations Operating Agreement.

  • Permit any amendment to any Organizational Document of the Borrower or the MLP if such amendment could reasonably be expected to materially adversely affect the rights and the remedies of the Lenders under the Loan Documents; permit any amendment of any Borrower Operating Agreement if such amendment could reasonably be expected to have a Material Adverse Effect; or permit any Unauthorized Assignment of any Borrower Operating Agreement.


More Definitions of Unauthorized Assignment

Unauthorized Assignment means (a) an assignment by a Mxxxxx Party to any Person other than another Mxxxxx Party of any of its rights or obligations under a Material Agreement if such assignment could reasonably be expected to have a Material Adverse Effect, or (b) a holder of Liens shall foreclose or there shall occur a transfer in lieu of foreclosure or other involuntary transfer of any interests of a Mxxxxx Party in a Material Agreement if such foreclosure could reasonably be expected to have a Material Adverse Effect. Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.
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Unauthorized Assignment means (a) an assignment by a Martin Party to any Person other than another Martin Party of any of xxx xxghts or obligations under a Material Agrxxxxxx if such assignment could reasonably be expected to have a Material Adverse Effect, or (b) a holder of Liens shall foreclose or there shall occur a transfer in lieu of foreclosure or other involuntary transfer of any interests of a Martin Party in a Material Agreement if such foreclosure could reasonxxxx xe expected to have a Material Adverse Effect.
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Related to Unauthorized Assignment

  • Unauthorized alien means an alien as defined in Section 1324a(h)(3) of Title 8 of the United States Code.

  • Unauthorized Access means the entrance of a person into a restricted area without permission of the operator or the operator’s designated representative.

  • Unauthorized Use means either of the following:

  • Unauthorized Third Party means any person or entity that, at the time of the Computer Fraud, is not an Authorized User.

  • Unauthorized Gas means (a) the quantity of gas taken by Customer exceeding the amount which is permitted during a Period of Interruption or (b) the difference (whether positive or negative) between the quantity of gas taken by Customer and the volumes provided for under an Operational Flow Order.

  • Unauthorized disclosure or "unauthorized release" means any disclosure or release not permitted by federal or state statute or regulation, any lawful contract or written agreement, or that does not respond to a lawful order of a court or tribunal or other lawful order.

  • Unauthorized signature means one made without actual, implied, or apparent authority and includes a forgery.

  • Permitted Assignment means a Permitted Subsidiary Assignment or a Permitted Third-Party Assignment.

  • Unauthorized person means any person who accesses government data without a work assignment that reasonably requires access, or regardless of the person's work assignment, for a purpose not described in the procedures required by section 13.05, subdivision 5.

  • Unauthorized Code means any virus, Trojan horse, worm, or other software routines or hardware components designed to permit unauthorized access, to disable, erase, or otherwise harm Software, hardware or data.

  • Unauthorized signature means a signature made without actual, implied, or apparent authority. The term includes a forgery.

  • Unauthorized Removal means the Contractor’s removal of Key Personnel without the prior written consent of the State.

  • Unauthorized insurer means an insurance institution that has not been granted a certificate of authority by the commissioner to transact the business of insurance in this state."

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • Trademark Assignment shall have the meaning specified in Section 3.2(c).

  • Addendum and Assignment Agreement The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer.

  • Patent Assignment each patent collateral assignment agreement pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s interests in its patents, as security for the Obligations.

  • First Assignment means: the relevant Assignment; orif, prior to the relevant Assignment:

  • Intellectual Property Assignment has the meaning set forth in Section 3.02(a)(iii).

  • Intellectual Property Assignment Agreement means, with respect to each Specified Business, an agreement in form and substance reasonably acceptable to Seller and Buyer, providing for the assignment of the Transferred Intellectual Property Related to such Specified Business.

  • Assignment / job means the work to be performed by the Consultant pursuant to the Contract.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Authorized Third Party means an entity that:

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • Informed Customer Consent means, in the case where consent is required: (1) the Customer is provided with a clear statement of the data or information to be collected and allowable uses of that data or information by the party seeking consent; (2) the frequency of data or information release and the duration of time for which the consent is valid; and (3) process by which the Customer may revoke consent. In no case shall silence by the Customer ever be construed to mean express or implied consent to a request by the Company, or its Contractors. Customer consent shall be provided directly from the Customer and documented in writing, subject to forms and processes as defined by the Company.