Assignment by Licensee. Licensee may assign or transfer its rights and obligations under this Agreement without Licensor’s prior consent as collateral for financing, to an affiliate of Licensee or in connection with any merger, consolidation or sale of substantially all of the assets of, or equity interests in, Licensee. Upon the request of Licensee or its financing parties, Licensor shall execute a reasonable and customary consent and agreement in a form reasonably requested by Licensee or its lender, such consent not to be unreasonably withheld, conditioned or delayed. Licensee shall provide timely notice to Licensor of Licensee’s assignment or transfer pursuant to this Section 6(b).
Appears in 3 contracts
Sources: Solar Power License Agreement, Solar Power License Agreement, Solar Power License Agreement