Common use of NO ASSIGNMENT WITHOUT PERMISSION Clause in Contracts

NO ASSIGNMENT WITHOUT PERMISSION. Supplier shall not assign its rights and privileges under this Agreement without the prior written approval of the Compact. Such approval may be denied in the reasonable discretion of the Compact if it determines that the proposed assignee does not have at least the same financial and technical ability as the assigning Supplier. Notwithstanding the foregoing, the Compact may not unreasonably withhold its consent to an assignment to an affiliated entity under common control or management with Supplier. Supplier’s assignee shall agree in writing to be bound by the terms and conditions of this Agreement. The Compact may assign this Agreement without the prior consent of Supplier. The rights and obligations created by this Agreement and the Compact Agreement shall inure to the benefit of, and be binding upon, the successors and permitted assigns of, the respective Parties hereto and thereto.