Assignment by Transmission Owner Clause Samples

The "Assignment by Transmission Owner" clause defines the conditions under which the transmission owner may transfer its rights and obligations under the agreement to another party. Typically, this clause outlines whether the transmission owner needs prior written consent from the other party before assigning the contract, and may specify exceptions such as assignments to affiliates or in connection with a merger or sale of assets. Its core practical function is to ensure that all parties are aware of and agree to any changes in the responsible entity, thereby maintaining contractual stability and protecting the interests of both the transmission owner and the counterparty.
Assignment by Transmission Owner. Transmission Owner shall be entitled, subject to applicable laws and regulations, to assign this Upgrade CSA to an Affiliate or successor that owns and operates all or a substantial portion of Transmission Owner’s transmission facilities.
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Assignment by Transmission Owner. Transmission Owner may assign this Upgrade CSA without the Transmission Provider’s or New Service Customer’s prior consent to any Affiliate or person that purchases or otherwise acquires, directly or indirectly, all or substantially all of the Transmission Owner’s assets provided that prior to the effective date of any such assignment, the assignee shall demonstrate that, as of the effective date of the assignment, the assignee has the technical competence and financial ability to comply with the requirements of this Upgrade CSA and assumes in a writing provided to the Transmission Provider and New Service Customer all rights, duties, and obligations of Transmission Owner arising under this Upgrade CSA. However, any assignment described herein shall not relieve or discharge the Transmission Owner from any of its obligations hereunder absent the written consent of the New Service Customer, such consent not to be unreasonably withheld, conditioned or delayed. Transmission Owner shall be entitled, subject to applicable laws and regulations, to assign this Upgrade CSA to an Affiliate or successor that owns and operates all or a substantial portion of Transmission Owner’s transmission facilities.
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Assignment by Transmission Owner. Transmission Owner may assign this Upgrade CSA without the Transmission Provider’s or New Service Customer’s prior consent to any Affiliate or person that purchases or otherwise acquires, directly or indirectly, all or substantially all of the Transmission Owner’s assets provided that prior to the effective date of any such assignment, the assignee shall demonstrate that, as of the effective date of the assignment, the assignee has the technical competence and financial ability to comply with the requirements of this Upgrade CSA and assumes in a writing provided to the Transmission Provider and New Service Customer all rights, duties, and obligations of Transmission Owner arising under this Upgrade CSA. However, any assignment described herein shall not relieve or discharge the Transmission Owner from any of its obligations hereunder absent the written consent of the New Service Customer, such consent not to be unreasonably withheld, conditioned or delayed.
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Assignment by Transmission Owner. Transmission Owner shall be entitled, subject to applicable laws and regulations, to assign this WMPA to an Affiliate or successor that owns and operates all or a substantial portion of Transmission Owner’s transmission facilities.
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Related to Assignment by Transmission Owner

  • Assignment by Owner 51 Section 12.11

  • Assignment by Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.

  • 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 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 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.