Common use of Permitted Assignment Clause in Contracts

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: a. by providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s contact information, at least [*] days prior to the date of assignment, and obtaining UNIVERSITY’s express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or b. as part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s entire business; or (ii) that part of LICENSEE’s business that exercises all rights granted under this Agreement.

Appears in 1 contract

Sources: Exclusive License Agreement (Orphazyme a/S)

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: a. 10.1.1. by providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s contact information, at least [*] thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or b. 10.1.2. as part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s entire business; or (ii) that part of LICENSEE’s business that exercises all rights granted under this Agreement. Notwithstanding the foregoing, any assignment to an Excluded Entity is strictly prohibited.

Appears in 1 contract

Sources: Exclusive License Agreement (With Equity) (Provectus Biopharmaceuticals, Inc.)

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: a. (a) by providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s contact information, at least [*] thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or b. (b) as part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s entire business; or (ii) that part of LICENSEE’s business that exercises all rights granted under this Agreement.

Appears in 1 contract

Sources: Exclusive License Agreement (Heat Biologics, Inc.)

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances:: ​ a. by (a) By providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s 's contact information, at least [*] thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s 's express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or b. as (b) As part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s 's entire or substantially all of the business; or (ii) that part of LICENSEE’s 's business that exercises all rights granted under this Agreement.. ​

Appears in 1 contract

Sources: Exclusive License Agreement (Heat Biologics, Inc.)

Permitted Assignment. LICENSEE may assign or delegate its rights or obligations under this Agreement only under the following circumstances: a. by (a) By providing UNIVERSITY with written notice of the proposed assignment, including the proposed assignee’s 's contact information, at least [*] thirty (30) days prior to the date of assignment, and obtaining UNIVERSITY’s 's express written consent to the proposed assignment, which consent shall not be unreasonably withheld; or b. as (b) As part of a sale or change of control, regardless of whether such a sale or change of control occurs by operation of law or through an asset sale, stock sale, merger or other combination, or any other transfer of: (i) LICENSEE’s 's entire or substantially all of the business; or (ii) that part of LICENSEE’s 's business that exercises all rights granted under this Agreement.

Appears in 1 contract

Sources: Exclusive License Agreement (Heat Biologics, Inc.)