Assignments, Etc Clause Samples
The "Assignments, Etc" clause governs the ability of parties to transfer their rights or obligations under the contract to third parties. Typically, this clause specifies whether assignments are permitted, require prior written consent, or are prohibited altogether, and may also address related actions such as delegations or subcontracting. For example, it might prevent a party from selling or transferring its interest in the agreement without the other party's approval. The core function of this clause is to maintain control over who is responsible for performing under the contract and to prevent unwanted or unapproved changes in the parties involved, thereby protecting the interests of all original signatories.
Assignments, Etc. The Employee shall not transfer, assign, anticipate, mortgage, or otherwise encumber in advance any of the benefits payable hereunder. The Employee agrees that the Company may assign this Agreement to the Parent or any of its subsidiaries, and this Agreement shall be binding upon the parties hereto, their heirs, executors, administrators, successors or assigns.
Assignments, Etc. (a) The Borrower shall have no right of assignment under this Agreement without the prior approval of the Lender.
(b) The Lender may securitise, assign, transfer or novate any of its rights and obligations under this Agreement, and or under the loan/security documents and the Borrower shall take such action as may be necessary to perfect such transaction.
Assignments, Etc. 10.1 The Lender may assign and transfer all of its rights and obligations under this Loan Agreement, following the prior written consent by the Borrower, which shall not be unreasonably withheld or delayed, provided that such assignment will not give rise to any additional costs for the Borrower.
10.2 The Borrower may not assign or transfer any part of its rights, benefits or obligations under this Loan Agreement.
Assignments, Etc. Except as otherwise permitted under Section 16.2 or Section 16.3 hereof, and subject to the terms of any Fee Mortgage and the Regulatory Agreement between HUD and Tenant, Tenant shall not assign this Lease or any of Tenant's interest hereunder, or sublease any portion of the Premises, without the prior written consent of the Landlord which consent shall be in Landlord's sole and absolute discretion. For purposes hereof, the transfer of any direct or indirect interest in Tenant shall constitute an assignment of this Lease.
Assignments, Etc. (a) The Seller shall, on or prior to any Purchase Date with respect to the Transferred Loans, execute and deliver to the Buyer a written assignment from Seller to the Buyer substantially in the form of Exhibit A hereto. From and after such Purchase Date, such Loans and related interests and property shall be deemed to be part of the Transferred Loans hereunder.
Assignments, Etc. The provisions of this Agreement are hereby made applicable to and shall inure to the benefit of CNB's successors and assigns and bind Debtor's heirs, legatees, devisees, administrators, executors, successors and assigns.
Assignments, Etc. On the Amendment No. 1 Effective Date and immediately preceding the effectiveness of this Amendment, (x) all Lenders under the Credit Agreement that are not Consenting Lenders shall be replaced with one or more Lenders party hereto pursuant to Section 10.13 of the Credit Agreement and (y) all applicable Lenders party hereto shall be deemed to have assigned or assumed certain amounts of Commitments pursuant to the Credit Agreement, in each case such that immediately after the effectiveness of this Amendment, the allocations of the Commitments are as set forth as Exhibit B hereto. From and after the Amendment No. 1 Effective Date, each Lender party hereto that is not a Consenting Lender (each, a “New Lender”) shall become party to the Amended Credit Agreement as a “Lender” and shall have all of the rights and obligations of a “Lender” under the Amended Credit Agreement and the other Loan Documents (as amended hereby). Each New Lender hereby (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Amended Credit Agreement, (ii) it meets all the requirements to be an assignee under the Credit Agreement, (iii) from and after the Amendment No. 1 Effective Date, it shall be bound by the provisions of the Amended Credit Agreement as a Lender thereunder and, to the extent of its Commitments set forth on Schedule 2.01 hereto, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the interest assigned hereby and either it, or the Person exercising discretion in making its decision to acquire such interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement and the Amended Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Amendment and to purchase such interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Ame...
Assignments, Etc. 50 9.1. Assignments............................................... 50 9.2. Confidentiality. ........................................ 51 9.3. Securities Laws........................................... 51
Assignments, Etc. 16.1 The Security Agent may, on its own behalf and on behalf of the other Beneficiaries, assign and transfer all of its respective rights and obligations under this Agreement in accordance with the Facility Agreement.
16.2 The Pledgor may not assign or transfer any part of its rights, benefits or obligations under this Agreement.
Assignments, Etc. 22.1 The Administrative Agent The Administrative Agent may assign and transfer all of its respective rights and obligations hereunder to a replacement Administrative Agent appointed in accordance with the terms of the Facility Agreement. Upon such assignment and transfer taking effect, the replacement Administrative Agent shall be and be deemed to be acting as Administrative Agent for the Secured Parties for the purposes of this Mortgage in place of the old Administrative Agent.