Common use of Assignment by the City Clause in Contracts

Assignment by the City. The City shall not have the right to assign, transfer, pledge or delegate its interest in this Agreement without SiFi Network’s express prior written consent which shall not be unreasonably withheld, conditioned, or delayed and in any event shall be granted or denied in writing within thirty (30) calendar days after request therefor, or if the SiFi Networks fails to respond within thirty (30) calendar days after request, shall be deemed to be approved by SiFi Networks. In the event SiFi Network provides written consent to an assignment or transfer by the City, such assignment shall expressly require that any assignee or transferee hereunder: (1) assumes all of the City’s obligations under this Agreement; and (2) in the reasonable judgment of SiFi, possesses sufficient financial, managerial and technical capacity to perform under the terms and conditions of this Agreement and the other Related Documents. An assignment, transfer, pledge or delegation of the City’s interest in this Agreement in violation of this Section 4.4, at SiFi’s option, shall be void, or, give SiFi, in its sole discretion, the right to terminate this Agreement.