Restriction on Assignment Clause Samples
A Restriction on Assignment clause limits or prohibits a party’s ability to transfer its rights or obligations under a contract to another party without prior consent. Typically, this means that neither party can assign the agreement or delegate their duties to a third party unless the other party agrees in writing, and it may include exceptions for assignments related to mergers or corporate restructuring. The core function of this clause is to ensure that each party maintains control over who they are contractually bound to, thereby preventing unwanted or unknown third parties from becoming involved in the agreement.
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Restriction on Assignment. No party will assign or transfer any part of its respective rights or obligations under this Agreement without the prior consent of the others (such consent not to be unreasonably withheld or delayed), provided that:
(a) the Authority will be entitled, without the consent of any other party, to transfer all its rights and obligations hereunder, to any person to whom it assigns or otherwise disposes of the benefit of the Project Agreement in accordance with the Project Agreement; and
(b) the Material Project Contractor will assign or transfer all is rights and obligations under, this Agreement to any person to whom it, respectively, assigns, or transfers all its rights and obligations under, the Material Contract in accordance with the terms of the Material Contract and the Project Agreement).
Restriction on Assignment. No party to this Agreement may assign or transfer all or any part of its rights or obligations under this Agreement except as provided in this Section 10.
Restriction on Assignment. Except as specifically provided herein, Licensee shall not directly or indirectly (including, without limitation, by merger, acquisition, or other transfer of any controlling interest in Licensee), voluntarily or by operation of law, sell, assign, encumber, pledge or otherwise transfer any part of its interest in or rights with respect to the Premises, or permit any portion of the Premises to be occupied by anyone other than itself, or sublet or sublicense any portion of the Premises (which actions are referenced collectively herein as “Assignment”) without City's prior written consent. City's consent to an Assignment shall not be unreasonably withheld in each instance, as provided herein below and subject to the exception for certain permitted transfers as provided in Section 17.6 (Permitted Assignment). Notwithstanding anything to the contrary contained in this Master License, in no event shall Licensee have the right to encumber by a mortgage, deed of trust, security agreement, or otherwise, any part of the Premises or City's interest therein.
Restriction on Assignment. Other than in accordance with this clause 17 the Developer may not:
(1) Assign any part of the Land, other than an End User Lot; and/or
(2) Assign their rights or obligations under this Planning Agreement.
Restriction on Assignment. Customer will not assign this Agreement, or any right conferred in this Agreement. A change of control of Customer, by stock sale or gift, by merger, by operation of law, by contract, or otherwise, will be deemed an assignment for purposes of this Section. Any purported assignment of this Agreement will be void; the successor entity will not be an authorized FlipBelt customer unless it has (a) submitted a new credit application; and (b) been approved by FLIPBELT, in its sole discretion, as a new customer; and (c) executed an account agreement in the then-current form.
Restriction on Assignment. 6.01 The Share Option granted hereby is, insofar as the Optionee is concerned, personal and non-assignable and neither this Agreement nor any rights in regard thereto shall be transferable or assignable except upon the death of the Optionee pursuant to Clause 3.01 hereof.
Restriction on Assignment. Subject to clause 11.1, the Offset Land Owner shall not, either absolutely or by way of security, assign its interests, rights or obligations under this agreement without the prior consent of the Administering Agency in writing signed by the Chief Executive Officer of Administering Agency.
Restriction on Assignment. The Entity shall not, either absolutely or by way of security, assign its interests, rights or obligations under this agreement prior to the performance and fulfillment of the Entity’s obligations under this agreement without:
(a) the prior consent of the Administering Agency in writing signed by the Chief Executive Officer of the Administering Agency; and
(b) the Assignee having entered into a deed of novation of this document with the Administering Agency, on terms reasonably acceptable to the Administering Agency, whereby the Assignee becomes contractually bound to the Administering Agency to perform and fulfill the provisions of this document or such of them as remain unperformed or unfulfilled by the Entity at the time of such assignment.
Restriction on Assignment. Neither Party may assign this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld, except in connection with a re-organization, merger, acquisition, or sale of all or substantially all of a Party’s assets or voting securities. Any action or conduct in violation of the foregoing shall be void and without effect. Nothing in this Agreement shall restrict the ability of Litera to subcontract any or all of its obligations hereunder.
Restriction on Assignment. Except as provided below, neither Party may assign or delegate any of its rights or obligations under this Agreement, by operation of law, change of control, or otherwise, without the prior written consent of the other Party, which consent shall not be unreasonably withheld.