Assignment by Acquiror Sample Clauses

The "Assignment by Acquiror" clause defines the conditions under which the acquiring party in an agreement may transfer its rights or obligations to another entity. Typically, this clause allows the acquiror to assign the contract, often without the consent of the other party, especially in cases of mergers, reorganizations, or transfers to affiliates. For example, if the acquiror is acquired by another company or restructures its business, it can assign the agreement to the new entity. The core function of this clause is to provide flexibility for the acquiror to reorganize its business or corporate structure without breaching the agreement, thereby facilitating smoother business transitions and reducing administrative barriers.
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Assignment by Acquiror. This Agreement shall inure to the benefit of the successors and assigns of Acquiror. In the event of (i) the consummation of any tender offer or exchange offer resulting in any person or “group” (as defined under Section 13(d) of the Exchange Act and the rules and regulations thereunder) beneficially owning more than 50% of the voting interest in the total outstanding voting securities of Acquiror, (ii) any merger, consolidation, or business combination involving Acquiror pursuant to which the stockholders of Acquiror immediately preceding such transaction hold less than 50% of the equity interests in the surviving or resulting entity of such transaction or the parent entity of the surviving or resulting entity of such transaction, (iii) any sale of all or substantially all of the assets of Acquiror, or (iv) any sale by Acquiror of all or substantially all of the Company Business or assets of the Company Business, then (x) the successor, assignee or controlling person shall agree in writing to be bound by Acquiror’s obligations hereunder, (y) Section 3.3(b) (Milestone Limitation) shall terminate and be of no further force or effect, and (z) the Non-Competition Agreements shall terminate and be of no further force or effect if the successor or assignee cancels the Company Products and Product Roadmap or ceases to actively market and sell Company Products.
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Related to Assignment by Acquiror

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.

  • Assignment by Buyer Buyer shall have the right to assign this Agreement to any third party or parties and no consent on the part of Seller shall be required for such assignment, provided however, that any such assignment shall not relieve Buyer of its liabilities and obligations hereunder.

  • Assignment by Purchaser The Purchaser shall have the right, without the consent of the Company but subject to the limit set forth in Section 2.02 hereof, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any person to exercise any rights of the Purchaser hereunder, by executing an Assignment and Assumption Agreement and the assignee or designee shall accede to the rights and obligations hereunder of the Purchaser with respect to such Mortgage Loans. All references to the Purchaser in this Agreement shall be deemed to include its assignee or designee.

  • Assignment by Owner 51 Section 12.11

  • Assignment by Company The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.