Right of Reassignment Sample Clauses

The Right of Reassignment clause grants one party the ability to transfer their rights or obligations under a contract to another party, subject to certain conditions. Typically, this clause outlines the process for notifying the other party of the reassignment and may specify any limitations, such as requiring prior written consent or restricting reassignment to specific entities. Its core practical function is to provide flexibility for parties to adapt to changing circumstances, such as business restructuring or asset sales, while maintaining transparency and protecting the interests of all involved parties.
Right of Reassignment. The District has the right to reassign unit members based upon the needs of the District, except as limited by the specific provisions of this Article. Such reassignments shall not be for arbitrary, capricious, or for disciplinary reasons. Unit members reassigned shall be given the reasons for the reassignment in writing upon request of the unit member.
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Right of Reassignment. In the event that Employee is removed from the Assistant Superintendent position pursuant to Section 8.4, Termination Without Cause, Employee shall have the right to be reassigned to a classroom teaching position. If Employee is not qualified to render service as a classroom teacher, Employee shall be reassigned pursuant to Education Code Section 44894. The Employee’s current salary shall continue for the time period specified in Section 8.4. Following that time period, Employee shall be placed on the salary schedule as set forth in the Collective Bargaining Agreement between the District and its Certificated Employees, consistent with Employee’s years of service and educational qualifications. This section shall only apply to Employees who have attained permanent status within the District. Government Code Sections 53243 – 53244 Provisions
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Right of Reassignment. ADD IF ASSIGNOR IS NOT RELEASED BY LANDLORD UNDER LEASE If Assignee shall default or otherwise fail to perform under any Lease, then, unless Landlord shall have been enjoined from exercising any remedy under the Lease on account thereof (either voluntarily by agreement or involuntary by issuance of a court order from a court of competent jurisdiction), for so long as such default or failure shall continue beyond the applicable notice and cure period, and provided that Assignor shall not have been released by the landlord under the Lease, Assignor shall have the right to cause a reassignment of such Lease or, at Assignor's election in its sole and absolute discretion, all or any other Lease to Assignor immediately upon written notice thereof to Assignee. In such event, Assignee shall execute and deliver to Assignor an assignment and assumption agreement and such other instruments of transfer with respect to the Lease as may be reasonably requested by Assignor. Notwithstanding any reassignment of any Lease as aforesaid, Assignee shall not be released of its obligations hereunder or under the Lease.]
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Right of Reassignment. As of January 1, 2004, Assignor shall have an absolute right (the "Right of Reassignment"), at its option, to demand and receive from Assignee a reassignment back to Assignor (the "Reassignment"), of all right, title and interest in, to and under the Assigned Contracts, including all of the rights, obligations and benefits thereunder, upon substantially the same terms, as to Assignee, as provided in the Original Assignment. Such Reassignment shall be effective as of January 1, 2004, or such later date as the Assignor shall determine in its discretion (the "Reassignment Effective Date").
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Related to Right of Reassignment

  • First Right of Refusal If any Partner shall enter into an agreement to sell their ownership interest in the Partnership with an individual or entity that is not a current Partner, the following parties must be given a first right of refusal before such a transaction can take place:

  • Right of Refusal Vendor has the right not to sell to a TIPS Member under the awarded agreement at Vendor’s discretion unless otherwise required by law.

  • Right of Revocation Guarantor understands and agrees that Guarantor may revoke its future obligations under this Guaranty at any time by giving Bank written notice that Guarantor will not be liable hereunder for any indebtedness or obligations of Borrower incurred on or after the effective date of such revocation. Such revocation shall be deemed to be effective on the day following the day Bank receives such notice delivered either by: (a) personal delivery to the address and designated department of Bank identified in subparagraph 1(a) above, or (b) United States mail, registered or certified, return receipt requested, postage prepaid, addressed to Bank at the address shown in subparagraph 1 (a) above. Notwithstanding such revocation, Guarantor shall remain liable on its obligations hereunder until payment in full to Bank of (x) all of the Guaranteed Indebtedness that is outstanding on the effective date of such revocation, and any renewals and extensions thereof, and (y) all loans, advances and other extensions of credit made to or for the account of Borrower on or after the effective date of such revocation pursuant to the obligation of Bank under a commitment or agreement made to or with Borrower prior to the effective date of such revocation. The terms and conditions of this Guaranty, including without limitation the consents and waivers set forth in paragraph 7 hereof, shall remain in effect with respect to the Guaranteed Indebtedness described in the preceding sentence in the same manner as if such revocation had not been made by Guarantor.

  • Right of Repurchase To the extent provided in the Company's bylaws as amended from time to time, the Company shall have the right to repurchase all or any part of the shares of Common Stock you acquire pursuant to the exercise of your option.

  • Right of Re-Entry Upon the occurrence of a Default, Landlord may elect to terminate this Lease or, without terminating this Lease, terminate Tenant's right to possession of the Premises. Upon any such termination, Tenant shall immediately surrender and vacate the Premises and deliver possession thereof to Landlord. Tenant grants to Landlord the right to enter and repossess the Premises and to expel Tenant and any others who may be occupying the Premises and to remove any and all property therefrom, without being deemed in any manner guilty of trespass and without relinquishing Landlord's rights to Rent or any other right given to Landlord hereunder or by operation of law.