Common use of Assignment of this Contract Clause in Contracts

Assignment of this Contract. This Contract may not be assigned by Purchaser without the prior written consent of Seller. The foregoing notwithstanding, Purchaser shall have the right to assign this Contract to an entity whose decisions are made by Purchaser (or by an entity wholly owned by Purchaser) provided Purchaser owns at least fifty (50%) percent of the economic interests in such entity and provided further that such entity assumes all obligations of Purchaser under this Contract. A transfer, sale or assignment of the majority stock or membership interest in a corporate or limited liability company purchaser or in a corporate or limited liability general partner of a partnership purchaser, or of a general partnership interest in a partnership purchaser, shall constitute an assignment of this Contract, which assignment or attempted assignment shall be void if made without the written consent of Seller. No assignment of this Contract, whether or not permitted, shall be deemed to relieve or release Purchaser from any of its obligations (whether to be performed prior to or after Closing) set forth herein. Seller shall not have the right to assign its interests under this Contract except to entities affiliated with or related to Seller.