Common use of ASSIGNMENT AND TRANSFER PROVISIONS Clause in Contracts

ASSIGNMENT AND TRANSFER PROVISIONS. 24.1 The rights and obligations of the Councils and the Other Parties under this Agreement are personal to the Councils and the Other Parties and shall not be assigned (whether absolutely or by way of security and whether in whole or in part), sub-contracted, delegated, transferred, mortgaged, charged, declared in trust for a third party, or otherwise disposed of in any manner whatsoever without the prior written consent of the Developer, such consent not to be unreasonably withheld or delayed, and any such purported dealing in contravention of this clause shall be ineffective. 24.2.1 The Developer may assign (whether absolutely or by way of security and whether in whole or in part), sub-contract, delegate, transfer, mortgage, charge or otherwise dispose in any manner whatsoever of its rights and obligations under this Agreement to any of its Affiliates. 24.2.2 The Developer shall give the Councils not less than 20 working days notice of its intention to assign its obligations under this Agreement under clause 24.2. 24.3 The Developer may assign, transfer or otherwise dispose of its rights and obligations under this Agreement to any other person not being an Affiliate subject to the prior written consent of the Councils, such consent not to be unreasonably withheld or delayed. The Developer shall allow the Councils not less than 20 working days to consider whether to consent to the proposed assignment, transfer or disposal of its obligations under this Agreement. 24.4 The Developer shall give the Councils written notice of any assignment, transfer or disposal of its rights and obligations under this clause 24 within 10 working days of the same having taken place. 24.5 The Developer shall ensure that any assignment under clause 24.2 or 24.3 is effective to secure a full assignment of its responsibilities under this Agreement and shall remain liable in respect of its obligations until such time as those obligations have been effectively transferred.

ASSIGNMENT AND TRANSFER PROVISIONS. 24.1 The 23.1 Unless otherwise provided by any Act of Parliament or Regulation made thereunder, the rights and obligations of the Councils and the Other Parties under this Agreement are personal to the Councils (and the Other Parties to their statutory successors) and shall not be assigned (whether absolutely or by way of security and whether in whole or in part), sub-contracted, delegated, transferred, mortgaged, charged, declared in trust for a third party, or otherwise disposed of in any manner whatsoever without the prior written consent of the Developer, such consent not to be unreasonably withheld or delayed, and any such purported dealing in contravention of this clause shall be ineffective. 24.2.1 23.2 The Developer may assign (whether absolutely or by way of security and whether in whole or in part), sub-contract, delegate, transfer, mortgage, charge or otherwise dispose in any manner whatsoever of its rights and obligations under this Agreement to any of its Affiliates. 24.2.2 . The Developer shall give the Councils not less than 20 working days notice of its intention to assign its obligations under this Agreement under this clause 24.223.2. 24.3 23.3 The Developer may assign, transfer or otherwise dispose of its rights and obligations under this Agreement to any other person not being an Affiliate subject to the prior written consent of the Councils, such consent not to be unreasonably withheld or delayed. The Developer shall allow the Councils not less than 20 working days to consider whether to consent to the proposed assignment, transfer or disposal of its obligations under this Agreement. 24.4 23.4 The Developer shall give the Councils written notice of any assignment, transfer or disposal of its rights and obligations under this clause 24 23 within 10 ten working days of the same having taken place. 24.5 23.5 The Developer shall ensure that any assignment under clause 24.2 23.2 or 24.3 23.3 is effective to secure a full assignment of its obligations and responsibilities under this Agreement and shall remain liable in respect of its obligations until such time as those obligations have been effectively transferred.