Common use of Alteration and Termination Clause in Contracts

Alteration and Termination. 5.1 After this contract becomes effective, neither alteration nor termination shall be made by any Party hereto without the other Party's prior written consent. 5.2 Party A shall not assign this Contract or any of its rights and obligations hereunder to any third party. 5.3 In the event of any merger, division, management contracts, shareholding system reform or other changes to either party hereto, the changed party shall succeed the rights and obligations of this Contract.

Appears in 3 contracts

Sources: Loan Agreement (Anpulo Food, Inc.), Loan Contract (Anpulo Food, Inc.), Loan Contract (Anpulo Food, Inc.)