Common use of Consent to Assign Clause in Contracts

Consent to Assign. Neither party shall assign any right or obligation under this Agreement without the prior written consent of the other party. Any assignment without such written consent shall be void. Notwithstanding the preceding sentence, either party may assign this Agreement, in whole or in part, to an Affiliate upon notice, but without the consent of the other party, provided the assigning party is not released from this Agreement without the written consent of the other party. Further, either party may assign its rights and obligations under this Agreement to a company into which it may merge or consolidate or which acquires substantially all of its assets or stock, upon notice, but without the consent of the other party. Any authorized assignment under this Section 30.0 shall be binding upon and inure to the benefit of the parties, their respective successors (whether by stock or asset transfer or any change of control by any other means), personal representatives and permitted assigns.