Owner’s Right to Assign Sample Clauses

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Owner’s Right to Assign. Subject to the terms of this Agreement, Owner shall have the right to transfer, sell and/or assign Owner’s rights and obligations under this Agreement in conjunction with the transfer, sale or assignment of all or a partial interest in the Property. If the transferred interest consists of less than Owner’s entire title to or interest in the Property, such transferee shall take such title or interest subject to all of the terms and provisions of this Agreement. Any transferee shall assume in writing the obligations of Owner under this Agreement and the Project Approvals arising or accruing from and after the effective date of such transfer, sale or assignment.
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Owner’s Right to Assign. The owner may assign this contract to another owner only after providing written notice to the Council and the Buyer in the manner prescribed in the Bylaws.
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Owner’s Right to Assign. (a) The Owners may assign all of their rights under this Agreement to any mortgagee of the Vessel provided that such assignment shall not otherwise prejudice the rights of the Managers to terminate this Agreement pursuant to the terms hereof. Upon satisfaction of the condition set forth in the first sentence of this Clause 31(a), the Managers hereby agree to enter into an acknowledgment of such assignment in such form as the mortgagee may reasonably request. (b) The Managers may not assign all or any of their rights under this Agreement without the prior written consent of the Owners; (c) Neither party shall be entitled to transfer all or any of its obligations, duties or liabilities under this Agreement unless: (i) the same is expressly permitted under the terms of this Agreement; or (ii) it has received the prior written consent of the other party.
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Owner’s Right to Assign. Notwithstanding clause 20.1 an Owner may at any time without the consent of the User (but having first notified the User) assign all or part of its rights under the Service Agreement to: (a) any one or more of its Related Bodies Corporate; or (b) any one or more of the other Owners; or (c) to any assignee who has acquired the whole or any part of the Owner’s right or interest in and to the GGTJV.
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Owner’s Right to Assign. Subject to the provisions of this Article XI, Owner shall have the right at any time during the Term to assign its entire interest in this Agreement in connection with a Change of Ownership, in which event such purchaser shall accept the assignment of this Agreement and assume in writing all of 90 28 Owner's obligations hereunder as of the date of the Change of Ownership. The execution by the purchaser and Owner of an agreement of such assignment and assumption in form reasonably satisfactory to Operator's counsel shall be a condition of the sale or disposition to such proposed purchaser and Operator shall have the right to enjoin such sale or disposition in the event that such an agreement has not been delivered to Operator at least three (3) business days prior to such sale or disposition. Notwithstanding the foregoing, Owner shall not have the right to assign its interest hereunder as aforesaid, and if Owner does so this Agreement shall be deemed to have been terminated by Owner, if Operator determines, in its reasonable judgment, that (a) the proposed purchaser or its beneficial owners do not have the ability to fulfill Owner's financial obligations hereunder; (b) the consummation of the proposed transaction would materially jeopardize any gaming or other license of Operator, Sheraton, ITT or any of their respective Affiliates or it shall be contrary to any United States law or regulation for Operator to manage the Hotel for the proposed Owner; (c) the business reputation of the proposed purchaser or its beneficial owners is unacceptable; or (d) the proposed purchaser or its beneficial owners are (or are controlled by) a hotel management or franchising company which competes with Operator or its Affiliates. Any deemed termination resulting from a failure of any of the conditions set forth in this Section 11.1.1 shall be deemed a termination by Owner. Owner shall not otherwise have the right to assign its interest in this Agreement during the Term, without Operator's prior written consent, such consent not to be unreasonably withheld.
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Owner’s Right to Assign. Subject to the provisions of section 7.03, Owner shall have the right at any time to sell, assign, transfer or otherwise dispose of all or any part of its Interest to any Person on the condition that such Person first enter into an agreement with Licensor, in form and substance satisfactory to Licensor, agreeing: (a) that the Hotel Agreements continue in full force in effect after such sale, assignment, transfer or other disposition; and (b) to assume all of the contractual obligations of Owner contained in the Hotel Agreements.
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Owner’s Right to Assign. The Owners may assign all of their rights under this Agreement to any mortgagee of the Vessel provided that such assignment shall not otherwise prejudice the rights of the Managers to terminate this Agreement pursuant to the terms hereof. Upon satisfaction of the condition set forth in the first sentence of this Clause 30, the Managers hereby agree to enter into an acknowledgment of such assignment in such form as the mortgagee may reasonably request.
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Owner’s Right to Assign. Owner shall have the right, without Tenant's consent, to sell, convey, mortgage or transfer its interest in the Demised Premises or assign its interest in this Lease, and all covenants and obligations of Owner under this Lease accruing thereafter shall cease, but such covenants and obligations shall run with the land and shall be binding upon the subsequent owners or assignees thereof with respect to obligations accruing during their respective periods of ownership. Any such conveyance by Owner shall be subject to the provisions of this Lease.
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Related to Owner’s Right to Assign

  • Right to Assign Each Lender may sell, transfer, negotiate or assign (a “Sale”) all or a portion of its rights and obligations hereunder (including all or a portion of its Commitments and its rights and obligations with respect to Loans and Letters of Credit) to (i) any existing Lender (other than a Non-Funding Lender or Impacted Lender), (ii) any Affiliate or Approved Fund of any existing Lender (other than a Non-Funding Lender or Impacted Lender) or (iii) any other Person (other than the Borrower and its Subsidiaries, a natural Person or, so long as no Event of Default is then continuing, a Disqualified Institution) with the prior written consent (which consent shall not be unreasonably withheld or delayed, except in connection with a proposed assignment to any Disqualified Institution) of the Administrative Agent, and, as long as no Event of Default is continuing, the prior written consent of the Borrower, and, in the case of any Sale of a Revolving Loan, Letter of Credit or Revolving Loan Commitment, the Revolver Agent and each L/C Issuer that is a Lender (which such consent of L/C Issuer and the Borrower shall be deemed to have been given unless an objection is delivered to the Administrative Agent within ten (10) Business Days after notice of a proposed Sale is delivered to the Borrower) (each of the Persons described in clauses (i), (ii) and (iii) being called herein an “Eligible Assignee”); provided, however, that (w) such Sales do not have to be ratable between the Revolving Loan and the Term Loan but must be ratable among the obligations owing to and owed by such Lender with respect to the Revolving Loans or the Term Loan, (x) for each Loan, the aggregate outstanding principal amount (determined as of the effective date of the applicable Assignment) of the Loans, Commitments and Letter of Credit Obligations subject to any such Sale shall be in a minimum amount of $1,000,000, unless such Sale is made to an existing Lender or an Affiliate or Approved Fund of any existing Lender, is of the assignor’s (together with its Affiliates and Approved Funds) entire interest in such facility or is made with the prior written consent of the Borrower (to the extent Borrower’s consent is otherwise required) and the Administrative Agent and, in the case of any Sale of a Revolving Loan, Letter of Credit or Revolving Loan Commitment, the Revolver Agent, (y) interest accrued, prior to and through the date of any such Sale may not be assigned, and (z) such Sales by Lenders who are Non-Funding Lenders due to clause (a) of the definition of Non-Funding Lender shall be subject to the Administrative Agent’s prior written consent in all instances, unless in connection with such sale, such Non-Funding Lender cures, or causes the cure of, its Non-Funding Lender status as contemplated in subsection 1.11(e)(v). The Administrative Agent’s refusal to accept a Sale to a Credit Party, a holder of other Indebtedness of a Credit Party or an Affiliate of such a holder, or to a Person that would be a Non-Funding or Impacted Lender, or the imposition of conditions or limitations (including limitations on voting) upon Sales to such Persons, shall not be deemed to be unreasonable. In no event shall any Lender Sell any Loan or Commitment to Borrower or any Subsidiary thereof and any such purported Sale shall be null and void.

  • Owner’s Rights B.1.1 The Owner shall have the right to perform work related to the project and to award contracts in connection with the project that are not part of the Consultant’s responsibilities under the AGREEMENT. The consultant shall notify the Owner in writing if any such independent action will in any way compromise the Consultants’ ability to meet their responsibilities under the AGREEMENT. B.1.2 The Owner reserves the right to approve the consultant’s personnel and to require a replacement satisfactory to the Owner. The Owner reserves the right to have such person replaced if, in the judgment of the Owner, any such person proves unsatisfactory. However, such replacement must fit within the rate/fee structure; in the alternative, the Owner shall have the option for a higher rate person for which the Consultant shall be compensated at the higher rate. B.1.3 The Owner shall have the right to effect the removal of any of the Consultant’s employees at any time during the duration of the AGREEMENT if that employee is deemed not to be of the level of competence or ability required under the AGREEMENT, or said employee is for any reason found to be unsuitable for the work. In such case, the Consultant shall promptly submit the name and qualifications of a replacement for approval by the Owner. B.1.4 The Owner shall have the right to assign the administration of any or all contracts related to this project from the Owner to another State Agency, Authority or Commission at any time during the life of the project. In doing so, the Consultant agrees to continue to perform all contractual work under the AGREEMENT. The Consultant shall make no claim against the Owner in the event of such assignment. B.1.5 The Owner may make changes in the scope of services within the general scope of the AGREEMENT. The Owner may also make changes to the scope of the project which may give rise to changes in the scope of the Consultant services. In such case, the Consultant shall be entitled to an adjustment in fee and in other terms and conditions of the AGREEMENT.

  • Owner’s Right to Stop Work The Owner reserves the right, for itself and for any designated Construction Inspector retained by Owner, upon observation of apparent nonconforming Work, to immediately stop the affected Work. If the Work is later determined by the Design Professional to be in fact conforming Work, then Contractor shall be entitled upon timely claim to a Change Order for payment by Owner of any reasonable Actual Costs actually incurred by Contractor in connection with the stop Work order and resumption of the Work, as well as an extension in the time for performance of the Work to the extent Contractor is delayed by Owner's stop Work order. The Design Professional shall determine the time, which shall be binding upon both Owner and Contractor, as set forth in Section 3, Part 3.

  • Holder’s Right to Transfer If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within 120 days after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and that the Proposed Transferee agrees in writing that the provisions of this Section shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred.