Common use of Changes to the Parties Clause in Contracts

Changes to the Parties. All the rights, privileges, powers, discretions and authorities of the Assignees hereunder will benefit their respective successors and permitted assignees and all terms, conditions, representations and warranties and undertakings of the Assignor hereunder shall oblige its successors and assignees in the same manner, it being agreed and understood that: (a) the Assignor shall not assign, transfer, novate or dispose of any of, or any interest in, its rights and/or obligations under this Master Agreement and any Assignment Deed relating thereto, except as otherwise permitted by the Finance Documents, and (b) the Assignees and the Security Agent shall be entitled to assign, transfer, novate or dispose of any of, or any interest in, their rights and/or obligations hereunder to any successor only in accordance with the relevant provisions of the Senior Bridge Facilities Agreement and provided that any successor shall be bound by the provisions of this Master Agreement. The provisions of this Agreement and the rights arising therefrom shall remain in full force and effect and benefit to any successors, permitted transferees or permitted assignees of a Beneficiary, without any specific notice, registration or reiteration, in case, inter alios, of any sale, merger, demerger, spin-off or assets contribution which an Assignee may decide to effect. It is expressly agreed that an asset contribution or a partial merger within the meanings of Articles L.236-1 et sequitur of the French Commercial Code shall be deemed to be a transfer for the purpose of the present provision.

Changes to the Parties. All the rights, privileges, powers, discretions and authorities of the Assignees Beneficiaries hereunder will benefit their respective successors and permitted assignees and all terms, conditions, representations and warranties and undertakings of the Assignor Pledgor hereunder shall oblige its respective successors and assignees in the same manner, it being agreed and understood that: (a) the Assignor Pledgor shall not assign, transfer, novate or dispose of any of, or any interest in, in its rights and/or obligations under this Master Agreement and any Assignment Deed relating thereto, except as otherwise permitted by the Finance DocumentsAgreement, and (b) the Assignees and the Security Agent Beneficiaries shall be entitled to assign, transfer, novate or dispose of any of, or any interest in, in their rights and/or obligations hereunder to any successor only in accordance with the relevant provisions of the Senior Bridge Facilities Agreement and provided that any successor shall be bound by the provisions of this Master AgreementFinance Documents. The provisions of this Agreement and the rights arising therefrom shall remain in full force and effect and benefit to any successors, permitted transferees or permitted assignees of a Beneficiary, without any specific notice, registration or reiteration, in case, inter aliosalia, of any sale, merger, demerger, spin-off or assets contribution which an Assignee a Beneficiary may decide to effectproceed. It is expressly agreed that an asset contribution or a partial merger within the meanings of Articles L.236articles L. 236-1 et sequitur of the French Commercial Code (Code de Commerce) shall be deemed to be a transfer for the purpose of the present provision.