Common use of Permitted Assignee Clause in Contracts

Permitted Assignee. Any Person that (i) succeeds to the ownership of all or substantially all of the assets of StadCo, (ii) assumes in writing, pursuant to an assignment and assumption agreement substantially in the form attached hereto as Exhibit J-1 or such other agreement in the form and substance reasonably satisfactory to ECSC and the County, all of the obligations of StadCo under the Stadium Agreements, and (iii) is approved by the NFL in accordance with the NFL Rules and Regulations.