CHANGE IN OWNERSHIP/CONTROL. The Agent shall not assign or sell any of its rights, obligations or duties under this Agreement without the prior written approval of the Owner and the Authority. Within the meaning of this Section, an assignment or sale shall include one or more sales or transfers by operation of law or otherwise by which a controlling interest in the Agent shall be vested in a party or parties who are not shareholders, members or partners of the Agent as of the date of this Agreement.
Appears in 3 contracts
Sources: Management Agreement, Management Agreement, Management Agreement