Obligations of Assignee/Transferee and Licensee Sample Clauses
The "Obligations of Assignee/Transferee and Licensee" clause defines the responsibilities and duties that any party who receives rights or interests under an agreement—such as an assignee, transferee, or licensee—must fulfill. Typically, this clause requires these parties to comply with all terms and conditions originally set out in the contract, ensuring that the transfer of rights does not diminish the obligations owed to the original contracting party. For example, if a license to use intellectual property is transferred to a new company, that company must adhere to the same usage restrictions and payment terms as the original licensee. The core function of this clause is to maintain continuity and enforceability of contractual obligations, preventing parties from evading responsibilities through assignment or transfer.
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Obligations of Assignee/Transferee and Licensee. Notwithstanding any provision in this Agreement to the contrary, Licensee shall have the right to assign this Agreement to any parent, subsidiary, Affiliate, or any person, firm, or corporation that shall control, be under the control of, or be under common control with Licensee, or to any entity into which Licensee may be merged or consolidated or which purchases all or substantially all of the assets of Licensee that are subject to this Agreement. No assignment or transfer under this Section 9 shall be allowed, however, until the assignee or transferee becomes a signatory to this Agreement and assumes all obligations of Licensee arising under this Agreement. Licensee shall furnish CPS Energy with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall remain fully liable under this Agreement and shall not be released from those claims that arose under this Agreement for the time period Licensee operated pursuant to the Agreement.
Obligations of Assignee/Transferee and Licensee. No assignment or transfer under this Article 19 shall be allowed until the assignee or transferee becomes a signatory to this Agreement and assumes all obligations of Licensee arising under this Agreement.
Obligations of Assignee/Transferee and Licensee. No assignment or transfer under this Article 20 shall be allowed until the assignee or transferee becomes a signatory to this Agreement and assumes all obligations of Licensee arising under this Agreement. Licensee shall furnish the City with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall remain fully liable under this Agreement and shall not be released from performing any of the terms, covenants or conditions of this Agreement without the express written consent to the release of Licensee by the City.
Obligations of Assignee/Transferee and Licensee. No assignment or transfer under this Article 20 shall be allowed until the assignee or transferee becomes a signatory to this Agreement and assumes all obligations of Licensee arising under this Agreement. Licensee shall furnish Utility with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall remain fully liable under this Agreement and shall not be released from performing any of the terms, covenants, or conditions of this Agreement without the express written consent to the release of Licensee by Utility.
Obligations of Assignee/Transferee and Licensee. Notwithstanding any provision in this Wireless Addendum or the Agreement to the contrary, Licensee shall have the privilege to assign this Wireless Addendum, together with the Agreement, to any parent, subsidiary, Affiliate, or any person, firm, or corporation that shall control, be under the control of, or be under common control with Licensee, or to any entity into which Licensee may be merged or consolidated or which purchases all or substantially all of the assets of Licensee that are subject to this Wireless Addendum and the Agreement. No assignment or transfer under this Section 9 shall be allowed, however, until the assignee or transferee becomes a signatory to this Wireless Addendum and the Agreement and assumes all obligations of Licensee arising under this Wireless Addendum and the Agreement. Licensee shall furnish CPS Energy with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall remain fully liable under this Wireless Addendum and the Agreement for claims that arose during the time period Licensee operated pursuant to the Wireless Addendum and the Agreement, and Licensee shall not be released from those claims, including the obligation to indemnify CPS Energy for Additional Covered Claims
Obligations of Assignee/Transferee and Licensee. Notwithstanding any provision in this Wireless Installation Agreement to the contrary, Licensee shall have the privilege to assign this Wireless Installation Agreement to any parent, subsidiary, Affiliate, or any person, firm, or corporation that shall control, be under the control of, or be under common control with Licensee, or to any entity into which Licensee may be merged or consolidated or which purchases all or substantially all of the assets of Licensee that are subject to this Wireless Installation Agreement. No assignment or transfer under this Section 9 shall be allowed, however, until the assignee or transferee becomes a signatory to this Wireless Installation Agreement and assumes all obligations of Licensee arising under this Wireless Installation Agreement. Licensee shall furnish CPS Energy with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall remain fully liable under this Wireless Installation Agreement for claims that arose during the time period Licensee operated pursuant to the Wireless Installation Agreement, and Licensee shall not be released from those claims, including the obligation to indemnify CPS Energy for Covered Claims.
Obligations of Assignee/Transferee and Licensee. No assignment or transfer by Licensee of this Agreement shall be effective until the assignee or transferee acknowledges to Utility in writing that it agrees to assume all of Licensee’s obligations arising under this Agreement. Licensee shall furnish Utility with written notice of the name, address, and contact information for the transferee or assignee.
Obligations of Assignee/Transferee and Licensee. No assignment or transfer under this Article XXII shall be allowed until the assignee or transferee becomes a signatory to this Agreement and assumes all obligations of Licensee arising under this Agreement. Licensee shall furnish JEA with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall remain fully liable on this Agreement and shall not be released from performing any of the terms, covenants or conditions of this Agreement without the express written consent to the release of Licensee by JEA.
Obligations of Assignee/Transferee and Licensee. No assignment or transfer under this Article XVIII shall be allowed until the assignee or transferee (including assignment or transfer to any assignee or transferee described in Article XVIII, Paragraph A) becomes a signatory to this Agreement and assumes all obligations of Licensee arising under this Agreement. Licensee shall furnish Utility with prior written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer under this Agreement, Licensee shall remain fully liable on this Agreement and shall not be released from performing any of the terms, covenants or conditions of this Agreement without the express written consent to the release of Licensee by Utility.
Obligations of Assignee/Transferee and Licensee. Notwithstanding any provision in this Agreement to the contrary, Licensee shall have the right to assign this Agreement to any parent, subsidiary, Affiliate, or any person, firm, or corporation that shall control, be under the control of, or be under common control with Licensee, or to any entity into which Licensee may be merged or consolidated or which purchases all or substantially all of the assets of Licensee that are subject to this Agreement without the consent of CPS Energy. Such assignee shall assume all obligations of Licensee arising under this Agreement. Licensee shall furnish CPS Energy with written notice of the transfer or assignment, together with the name and address of the transferee or assignee. Notwithstanding any assignment or transfer, Licensee shall not be released from those claims that arose under this Agreement for the time period Licensee operated pursuant to the Agreement.