Common use of Assignment for Security Clause in Contracts

Assignment for Security. Nothing in this section 12 shall (i) prohibit LICENSEE from assigning or granting a lien on LICENSEE’s rights to payments under this SLA for purposes of collateral security or (ii), except as permitted under subsection 12.10.3. above or with UNIVERSITY’s consent in accordance with section 12.10.1, above, allow LICENSEE to assign its duties and obligations under this SLA.

Assignment for Security. Nothing in this section 12 Section 13 shall (i) prohibit LICENSEE from assigning or granting a lien on LICENSEE’s rights to payments under this SLA for purposes of collateral security or (ii), except as permitted under subsection 12.10.3. 13.10.3 above or with UNIVERSITY’s consent in accordance with section 12.10.1, above13.10.1,above, allow LICENSEE to assign its duties and obligations under this SLA.