Common use of Assignment or Sublicense Clause in Contracts

Assignment or Sublicense. With the exception of the license of the Remy Trademarks and Licensee’s rights under Paragraph 8, this License and each part hereof and all rights and duties hereunder are personal to Licensee and shall not, without the prior written consent of GM, be assigned, mortgaged, sublicensed or otherwise encumbered by Licensee or by operation of law. If Licensee determines that it needs to enter into a sublicense or joint license with respect to the Delco Remy Trademarks, it should make such request in writing to GM. Such request should state the name and address of the company for which the sublicense or joint license is sought, a description of such company and sufficient financial information with respect to such company which will enable GM to satisfy itself as to financial health and standing of such company. Licensee must also set forth the Products for which a sublicense or joint license is sought, the intended customers and why it believes a sublicense or joint license is necessary and what steps will be taken to protect the trademarks and assure the quality of the Products involved. Notwithstanding the foregoing, GM may assign this License without first obtaining Licensee’s written consent to any wholly owned subsidiary company of GM, and Licensee may assign this License as part of an internal reorganization or to the successor of all or substantially all of its business.

Assignment or Sublicense. With the exception of the license of the Remy Trademarks and Licensee’s 's rights under Paragraph 8, this License and each part hereof and all rights and duties hereunder are personal to Licensee and shall not, without the prior written consent of GM, be assigned, mortgaged, sublicensed or otherwise encumbered by Licensee or by operation of law. If Licensee determines that it needs to enter into a sublicense or joint license with respect to the Delco Remy Trademarks, it should make such request in writing to GM. Such request should state the name and address of the company for which the sublicense or joint license is sought, a description of such company and sufficient financial information with respect to such company which will enable GM to satisfy itself as to financial health and standing of such company. Licensee must also set forth the Products for which a sublicense or joint license is sought, the intended customers and why it believes a sublicense or joint license is necessary and what steps will be taken to protect the trademarks and assure the quality of the Products involved. Notwithstanding the foregoing, GM may assign this License without first obtaining Licensee’s 's written consent to any wholly owned subsidiary company of GM, and Licensee may assign this License as part of an internal reorganization or to the successor of all or substantially all of its business.