Assignment to Third Party Sample Clauses
The Assignment to Third Party clause governs whether and how one party may transfer its rights or obligations under the contract to another, unrelated party. Typically, this clause specifies if prior written consent is required before any assignment can occur, and may outline exceptions or conditions under which assignment is permitted, such as in the case of a merger or sale of business assets. Its core function is to control and limit the transferability of contractual interests, thereby protecting the parties from being forced to deal with unknown or undesirable third parties.
Assignment to Third Party. Subject to the terms of this Section 7.1.2, Owner shall have the right to sell or transfer the Property, and assign its interests in this Agreement, to a non-affiliate third party (any of the foregoing, a “Transfer”). Not less than sixty (60) days prior to any Transfer, Owner shall notify City, in writing, of the proposed Transfer, and shall provide to City an assignment and assumption agreement pursuant to which the transferee will agree to assume all of the obligations of Owner hereunder for review and approval by City, such approval not to be unreasonably withheld, conditioned or delayed. The proposed transferee shall meet with City’s Director of Community Development regarding the implementation of the affordable housing obligations hereunder prior to the City countersigning or otherwise approving any such assignment and assumption agreement. Notwithstanding the foregoing, Owner shall not be required to obtain City’s prior written approval for each individual lease entered into between Owner and a tenant of a Unit during the Total Density Bonus Agreement Term (so long as Owner complies with the terms and conditions of this Agreement and the form of the lease for Affordable Units complies with the Regulatory Agreement).
Assignment to Third Party. This Agreement is personal in nature and any rights or obligations hereunder may not be assigned by PetroReal to a third party without ORX's written consent being first obtained, Said written consent shall not be unreasonably withheld. In the event of an approved assignment, the assignee shall adopt and ratify the terms and conditions of this Agreement and shall become a party to the Operating Agreement.
Assignment to Third Party. Subject to compliance with applicable laws, Holder may transfer the Warrant and all rights hereunder in the event such transfer is at least five years after the Effective Date and BCD Technology S.A. (“BCD”) and its Affiliates in the aggregate no longer own at least 51% of the capital stock of the Company as follows:
(i) In the event that Sabre desires to assign or transfer in whole or in part this Warrant and rights hereunder (the “Sabre Offered Warrant”), unless a transfer is permitted pursuant to Section 5(b), Sabre agrees to first give written notice to BCD and ▇▇▇▇ ▇▇▇▇▇▇▇▇ Holdings BV (“▇▇▇▇”) (the “Sabre First Offer Notice”) of its intent to sell the Sabre Offered Warrant, and to negotiate with BCD and ▇▇▇▇ in good faith the price and corresponding terms of the pro rata purchase by BCD and ▇▇▇▇ of the Sabre Offered Warrant. BCD and ▇▇▇▇ shall either jointly or individually provide Sabre with a proposal as to the final price and terms of such purchase by the forty-fifth (45) day after the Sabre First Offer Notice. In the event Sabre accepts a proposal from BCD and/or ▇▇▇▇ (such accepted proposal shall be the “Final Stakeholder Proposal”), each of BCD and ▇▇▇▇ shall have the right to participate pro rata in such purchase regardless of whether it was such party’s proposal that was accepted. In the event that either BCD or ▇▇▇▇ does not purchase its entire pro rata portion of the Sabre Offered Warrant, the other of BCD or ▇▇▇▇ shall be notified thereof and shall have three (3) days to agree and provide notice in writing to purchase all or part of the remaining Sabre Offered Warrant pursuant to the terms of the Final Stakeholder Proposal. In the event that thereafter, BCD and ▇▇▇▇ have not agreed to collectively purchase the entirety of the Sabre Offered Warrant, Sabre shall provide notice to the Company thereof and the Company shall have fifteen (15) days to agree and provide notice in writing to purchase such remaining shares pursuant to the terms of the Final Stakeholder Proposal. The transfer of the Sabre Offered Warrant to BCD, ▇▇▇▇ and the Company hereunder shall be free and clear of any liens, claims and encumbrances (other than the terms of this Agreement) pursuant to such documentation as BCD, ▇▇▇▇ and the Company, as applicable, shall reasonably require. The Company covenants and agrees that in the event of a pro rata purchase of the Sabre Offered Warrant by BCD and ▇▇▇▇ pursuant to this Section 2(c), the Company shall issue such individual War...
Assignment to Third Party. I agree that, if directed by Client, I will assign to a third party, all my rights, title, and interest in and to any particular Client Invention.
Assignment to Third Party. 16 13 Notices; place of residence ........................................ 16 13.1 Notices ............................................................ 16 13.2
Assignment to Third Party. At any time after giving notice of its election to accept assignment of the lease, Franchisor may request to assign its lease, or sublease the Premises, to a third party. Lessor agrees not to unreasonably withold its consent to any such assignment or sublease on the same terms as the Lease; provided however, that if Lessor refuses to consent to such assignment or sublease by Franchisor, Franchisor shall have no further obligations thereunder.
Assignment to Third Party. 1. Any assignment to a sub‐beneficiary shall be done in compliance with Article 10 of the General Conditions of the IPA Subsidy Contract.
2. Each Project Partner commits itself to applying the provisions set out in this Agreement and in the General Conditions of the IPA Subsidy Contract to its sub‐beneficiary.
3. In case of assignment to sub‐beneficiaries or contractors, the Project Partner is the only responsible before the rest of the Project Partners and the Managing Authority for the compliance of activities carried out by the third parties. Rights and obligations resulting from this Agreement may not be transferred, neither in part nor in whole, to other third party.
4. Any procurement for outsourcing the implementation of the activities shall comply with Article 10 of the General Conditions of the IPA Subsidy Contract. LP stamp MA stamp
Assignment to Third Party. Save as provided in Clause 12.1, a party may assign or procure the assumption of rights and obligations or its legal relationship under this Agreement to or by a Third Party only with the prior consent of the other parties. The other parties may give their consent on a conditional basis.