Assignment to Beneficiary State Clause Samples

The "Assignment to Beneficiary State" clause defines the process by which rights, obligations, or interests under an agreement may be transferred to a designated beneficiary state. Typically, this clause outlines the conditions under which such an assignment is permitted, such as requiring prior written consent or notification, and may specify which parties are eligible to become beneficiaries. Its core practical function is to provide a clear mechanism for transferring contractual benefits or duties to a state entity, thereby ensuring continuity and legal clarity in the event of such an assignment.
Assignment to Beneficiary State. The Company may permanently and irrevocably assign the funds in a Beneficiary State’s QEF Sub-Account to that Beneficiary State pursuant to that state’s Escrow Assignment Statute.
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Related to Assignment to Beneficiary State

  • Assignment to Owners Interconnection Customer may assign the Interconnection Service Agreement without the Interconnected Transmission Owner’s or Transmission Provider’s prior consent to any Affiliate or person that purchases or otherwise acquires, directly or indirectly, all or substantially all of the Customer Facility and the Customer Interconnection Facilities, provided that prior to the effective date of any such assignment, the assignee shall demonstrate that, as of the effective date of the assignment, the assignee has the technical and operational competence to comply with the requirements of this Interconnection Service Agreement and assumes in a writing provided to the Interconnected Transmission Owner and Transmission Provider all rights, duties, and obligations of Interconnection Customer arising under this Interconnection Service Agreement. However, any assignment described herein shall not relieve or discharge the Interconnection Customer from any of its obligations hereunder absent the written consent of the Transmission Provider, such consent not to be unreasonably withheld, conditioned or delayed.

  • Assignment; Benefit This Agreement is personal and may not be assigned by Employee. This Agreement may be assigned by Employer and shall inure to the benefit of and be binding upon the successors and assigns of Employer.

  • Assignment of Account We may sell, assign, pledge or transfer this Agreement (including any addendum to this Agreement), your account or an interest in your account to a third party without notice to you. In the absence of a notice of such sale or transfer, you must continue to make all required payments to us in accordance with your billing statement.