Common use of Notwithstanding Clause 4 Clause in Contracts

Notwithstanding Clause 4. 4.1, any member of the Innovene Group may assign, novate or transfer any obligation guaranteed by an Existing Guarantee to any other member of the Innovene Group, provided that such obligation shall be re-transferred to a member of the Innovene Group prior to the transferee ceasing to be a member of the Innovene Group while the related Existing Guarantee remains in force.

Appears in 2 contracts

Sources: Master Reorganisation Agreement, Master Reorganisation Agreement (Innovene Inc.)