Common use of Restriction on Disposition Clause in Contracts

Restriction on Disposition. (a) During the Term, if LANXESS sells, leases, mortgages or otherwise disposes of to any Person any interest in the Steam Distribution System being used to supply Steam hereunder, LANXESS shall require, as a condition thereof, that such Person agrees with BioAmber Sarnia to be bound by the provisions of this Agreement. (b) During the Term, BioAmber Sarnia shall not sell, lease, mortgage, charge, transfer or dispose of to any Person any interest in the BioAmber Sarnia Facility or the Property unless such Person has entered into an agreement with LANXESS, in form and content satisfactory to LANXESS, acting reasonably, for assumption of this Agreement.