Common use of ASSIGNABILITY TO AFFILIATES Clause in Contracts

ASSIGNABILITY TO AFFILIATES. Seller and Purchaser may each assign this Agreement, in whole or in part, to one or more of their respective Affiliates, upon prior notice to the non-assigning party; provided, that the non-assigning party may require as a condition of such assignment that the assigning party reasonably demonstrate and/or assure the assignee's financial and technical capability to perform its proposed obligations hereunder. Any attempted assignment of this Agreement in violation of this Article 25 shall be null and void.

ASSIGNABILITY TO AFFILIATES. Seller and Purchaser may each assign this Agreement, in whole or in part, to one or more of their respective Affiliates, upon prior notice to the non-assigning party; provided, that the non-assigning party may require as a condition of such assignment that the assigning party reasonably demonstrate and/or assure the assignee's financial and technical capability to perform its proposed obligations hereunder. Any attempted assignment of this Agreement in violation of this Article 25 Section 27 shall be null and void.