Assignment of the Contribution Agreement Clause Samples
The Assignment of the Contribution Agreement clause governs the conditions under which a party may transfer its rights and obligations under the agreement to another entity. Typically, this clause specifies whether prior written consent is required for assignment, and may outline exceptions such as assignments to affiliates or in connection with a merger or sale of substantially all assets. Its core function is to control and clarify the circumstances under which the agreement can be assigned, thereby protecting the interests of the original parties and ensuring that obligations are not transferred without appropriate oversight.
Assignment of the Contribution Agreement. The Borrower hereby assigns to the Collateral Agent, for the ratable benefit of the Secured Parties hereunder, all of the Borrower’s right, title and interest in and to, but none of its obligations under, the Contribution Agreement and the Hedging Agreement. The Borrower confirms that the Collateral Agent on behalf of the Secured Parties shall have the sole right to enforce the Borrower’s rights and remedies under the Contribution Agreement and the Hedging Agreement for the benefit of the Secured Parties.
Assignment of the Contribution Agreement. This Agreement or any payment, rights or obligations thereunder, shall not be assigned, in whole or in part, without the prior written consent of the Minister. Any assignment made without such prior written consent is void and of no effect.