Assignment or novation Sample Clauses
The Assignment or Novation clause governs whether and how a party to the contract can transfer its rights or obligations to another party. Typically, this clause specifies if prior written consent is required before such a transfer can occur, and may distinguish between assignment (transfer of rights) and novation (transfer of both rights and obligations, with the original party being released). Its core function is to ensure that all parties maintain control over who they are contractually bound to, thereby preventing unwanted or unexpected changes in the parties responsible for performing under the agreement.
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Assignment or novation. The Contractor shall not assign or transfer, whether by an assignment or novation, any of its rights, duties, benefits, obligations, liabilities, or responsibilities under this Contract without the written consent of the County; provided, however, that assignments to banks or other financial institutions may be made without the consent of the County. No assignment or novation of this Contract shall be valid unless the assignment or novation expressly provides that the assignment of any of the Contractors rights or benefits under the Contract is subject to a prior lien for labor performed, services rendered, and materials, tools, and equipment supplied for the performance of the work under this Contract in favor of all persons, firms, or corporations rendering such labor or services or supplying such materials, tools, or equipment.
Assignment or novation a. Each party may assign or novate this Agreement or any Statement of Work (in whole or in part):
i. to a Related Body Corporate at any time without consent; or
ii. to any other third party approved by the other party which approval must not be unreasonably withheld or delayed.
Assignment or novation. (a) The Contractor may not assign or novate this agreement or otherwise deal with the benefit of it or a right under it, without the prior written consent of REA (such consent not to be unreasonably withheld).
(b) REA may by notice to the Contractor assign or novate this agreement to any Related Body Corporate or entity that replaces or assumes REA rights and obligations. If requested, the Contractor agrees to execute such documents as ▇▇▇ may reasonably and lawfully require to formalise such assignment or novation.
Assignment or novation. The Customer agrees to an assignment of this Agreement from the Vendor to a third party provided that the proposed assignee agrees to be bound by the obligations on the part of the Vendor set out in this Agreement.
Assignment or novation. You may not assign, transfer or novate this Agreement without our consent. Subject to the Regulatory Requirements, you agree we may: • assign, transfer or novate this Agreement; and/or • transfer you as a customer, to any third party, any of our related bodies corporate or as part of the transfer of a substantial number of our customers to a third party. You’ll be notified of any assignment, transfer or novation.
Assignment or novation. (a) Without limiting any clause in this Contract or any facilitative legislation, TfNSW may assign or novate this Contract, its interest in the subject matter of this Contract or any right under this Contract to any person.
Assignment or novation. Neither party may assign or novate this Agreement or otherwise deal with the benefit of it or a right under it, without the prior written consent of the other party (which will not be unreasonably withheld).
Assignment or novation. 15.1 SAPN may assign or novate this Tariff Agreement at any time without the prior consent of Council to the Distribution Lessor Corporation.
15.2 Subject to clause 15.1 above, SAPN must not assign this Tariff Agreement or its rights or obligations under this Tariff Agreement without Council’s prior written consent, which consent will not be unreasonably withheld, provided the proposed assignee is able to comply with SAPN’s rights or obligations under this Tariff Agreement.
15.3 Subject to clause 5.2.3, Council must not assign this Tariff Agreement or its rights or obligations under this Tariff Agreement without SAPN’s prior written consent, which consent will not be unreasonably withheld, provided the proposed assignee is able to comply with Council’s rights or obligations under this Tariff Agreement (including but not limited to Council’s financial obligations).
Assignment or novation. 19.1 By ARTC
(a) Other than to a successor of ARTC or to any body established by any person in relation to the management of the Network or any relevant or material part of it, ARTC may not assign or novate this Agreement, its interest in the subject matter of this Agreement or any right under this Agreement without the prior written consent of the Operator which consent will not be unreasonably withheld.
(b) Nothing in clause 19.1(a) prevents ARTC from entering into any sub-contracting or agency agreements or arrangements in relation to any of its functions.
Assignment or novation. This agreement may not be assigned or novated by the Authorised Representative without the Licensee’s prior written consent.