Common use of Prior Written Consent Clause in Contracts

Prior Written Consent. Buyer may assign this Agreement in its entirety (but not in part) to another Person that is not an Affiliate of Buyer, for the remainder of the Term, upon the prior written consent of Seller (which consent shall not be unreasonably withheld or delayed), provided that: (a) unless such assignee has an Acceptable Credit Rating, a Guaranty is provided to Seller prior to such novation or assignment; and (b) such assignee assumes all of the obligations of Buyer under this Agreement commencing as of the date of the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Seller) or by execution of a binding assignment and assumption agreement which is enforceable by Seller.

Appears in 2 contracts

Sources: LNG Sale and Purchase Agreement (Tellurian Inc. /De/), LNG Sale and Purchase Agreement (Tellurian Inc. /De/)

Prior Written Consent. Buyer may assign this Agreement in its entirety (but not in part) to another Person that is not an Affiliate of BuyerPerson, for the remainder of the Term, upon the prior written consent of Seller (which consent shall not be unreasonably withheld or delayed), provided that: (a) unless such assignee has an Acceptable Credit Rating, a Guaranty is provided to Seller prior to such novation or assignment; and (b) such assignee assumes all of the obligations of Buyer under this Agreement commencing as of the date of the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Seller) or by execution of a binding assignment and assumption agreement which is enforceable by Seller.

Appears in 1 contract

Sources: LNG Sale and Purchase Agreement (Tellurian Inc. /De/)

Prior Written Consent. Buyer may novate or assign this Agreement in its entirety (but not in part) to another Person that is not an Affiliate of Buyer, for the remainder of the Term, upon the prior written consent of Seller (which consent shall not be unreasonably withheld withheld, conditioned or delayed), provided that: (a) unless such assignee has an Acceptable Credit Rating, a Guaranty is provided to Seller prior to such novation or assignment; and; (b) such assignee assumes all of the obligations of Buyer under this Agreement commencing as of the date of the novation or assignment by execution of a copy of this Agreement in its own name (countersigned by Seller) or by execution of a binding assignment and assumption agreement which is enforceable by Seller; and (c) performance of this Agreement by Seller with such assignee would comply with Applicable Laws and all relevant Approvals.

Appears in 1 contract

Sources: LNG Sale and Purchase Agreement (Tellurian Inc. /De/)