Common use of Nonassignable Assets Clause in Contracts

Nonassignable Assets. To the extent that any Purchased Asset is -------------------- not capable of being assigned to Buyer without the consent, approval or waiver of a third Person, or if such assignment or attempted assignment would constitute a breach thereof or default thereunder (each a "Nonassignable ------------- Asset"), or to the extent that the assignment of any such contract is not ----- practicable because it also relates to an area of Seller's business other than the Operations (each a "Nonexclusive Asset"), nothing in this Agreement will ------------------ constitute an assignment or require the assignment thereof except to the extent provided in this Section 2.7.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zhone Technologies Inc)

Nonassignable Assets. To the extent that any Purchased Asset is -------------------- not capable of being assigned to Buyer without the consent, approval or waiver of a third Person, or if such assignment or attempted assignment would constitute a breach thereof or default thereunder (each a "Nonassignable ------------- Asset"), or to the extent that the assignment of any such contract Transferred Agreement ----- is not ----- practicable because it also relates to an area of Seller's business other than the Operations Business (each a "Nonexclusive Asset"), nothing in this ------------------ Agreement will ------------------ constitute an assignment or require the assignment thereof except to the extent provided in this Section 2.72.6.

Appears in 1 contract

Sources: Asset Purchase Agreement (Critical Path Inc)

Nonassignable Assets. To the extent that any Purchased Asset is -------------------- not capable of being assigned to Buyer without the consent, approval or waiver of a third Person, or if such assignment or attempted assignment would constitute a breach thereof or default thereunder (each a "Nonassignable ------------- Asset"), or to the extent that the assignment of any such contract is not ----- practicable because it also relates to an area of Seller's ’s business other than the Operations (each a "Nonexclusive Asset"), nothing in this Agreement will ------------------ constitute an assignment or require the assignment thereof except to the extent provided in this Section 2.7.

Appears in 1 contract

Sources: Asset Purchase Agreement (Zhone Technologies Inc)