Common use of Assignment by Distributor Clause in Contracts

Assignment by Distributor. DISTRIBUTOR may, with the prior written consent of AGNY, assign its rights or obligations under this Agreement to a VKAC Associated Agency to the extent deemed necessary or appropriate by DISTRIBUTOR in order to comply with applicable laws or regulations. If obligations under this Agreement are assigned to a VKAC Associated Agency as permitted herein, DISTRIBUTOR shall not be relieved of any of such obligations.

Assignment by Distributor. DISTRIBUTOR may, with the prior written consent of AGNYAGL, assign its rights or obligations under this Agreement to a VKAC Associated Agency to the extent deemed necessary or appropriate by DISTRIBUTOR in order to comply with applicable laws or regulations. If obligations under this Agreement are assigned to a VKAC Associated Agency as permitted herein, DISTRIBUTOR shall not be relieved of any of such obligations.