Assignment by LAEP Clause Samples

Assignment by LAEP. Except as expressly provided in this Section, LAEP will not assign or otherwise transfer this Agreement and the Project SPEs will not assign or otherwise transfer any Ancillary Agreement, or any of their Agreement Rights without the State’s (or the applicable State Entity’s with respect to any Ancillary Agreements) prior written consent, which consent may be withheld or conditioned in the State’s (or State Entity’s, as applicable) sole discretion. Notwithstanding the foregoing, LAEP and Project SPEs may assign without the consent of the State (i) their rights to receive any payments from the State under this Agreement or any Ancillary Agreement to a Project SPE’s Financier and (ii) all Ancillary Agreements comprising a single Project in their entirety to a Permitted LAEP Transferee. In the event of any valid transfer and/or assignment of any Agreement Rights to a Permitted LAEP Transferee, LAEP or the Project SPE, as applicable, shall be released of any obligations and/or duties related to the transferred or assigned Agreement Rights subsequent to the effective date of such transfer.
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Related to Assignment by LAEP

  • Assignment by Owner 51 Section 12.11

  • 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 Landlord Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, in the Premises, and in such event and upon such transfer no further liability or obligation shall thereafter accrue against Landlord hereunder.

  • 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 Lessee Lessee may transfer or assign its rights and obligations under this Agreement without the consent of Operator but shall deliver to Operator written notice of such transfer or assignment not less than ten (10) days prior to the effective date thereof; provided, however, in the event of the assignment of this Agreement to a party that is not an Affiliate, Operator shall have the right to terminate this Agreement within 15 days after receipt of written notice of such assignment, which termination will be effective within 30 days of Lessee’s receipt of such termination notice. Any transfer or assignment of this Agreement by Lessee shall include an express assumption by the transferee or assignee of Lessee’s obligations hereunder. Nothing herein shall be deemed to require Lessee to assign or attempt to assign this Agreement to any third party, including any buyer of a Hotel.