Common use of Assignment or Transfer of Agreement Clause in Contracts

Assignment or Transfer of Agreement. (a) The Subscriber shall not assign, transfer, sublicense or provide as collateral, or otherwise dispose of the right to receive the SORACOM Private Network Service or the SORACOM System (defined in Section 10.1) under the Agreement. (b) SORACOM may assign and transfer rights and obligations under this Agreement without Subscriber’s consent (i) in connection with a merger, acquisition or sale of all or part of SORACOM’s assets, or (ii) to any affiliate or as part of a corporate reorganization; and effective upon such assignment or transfer, the assignee/transferee is deemed substituted for SORACOM as a party to this Agreement and SORACOM is fully released from all of its obligations and duties to perform under this Agreement. Subject to the foregoing, this Agreement will be binding upon, and inure to the benefit of the parties and their respective permitted successors and assigns.