Transfer of Right Clause Samples
The Transfer of Right clause defines the conditions under which a party may assign or transfer its contractual rights to another entity. Typically, this clause outlines whether such transfers require prior written consent from the other party, and may specify exceptions or limitations, such as prohibiting transfers to competitors or in the event of a merger. Its core practical function is to control and clarify the circumstances under which rights under the agreement can be shifted, thereby protecting the interests of all parties and preventing unwanted or unauthorized assignments.
Transfer of Right. 8.1. Without the written consent of CC, the Customer shall not be entitled to transfer its rights or obligations under this Agreement to any third parties.
Transfer of Right. The right of first refusal of an Offeree Holder set forth in this Section 4 may not be assigned or transferred, except that such right may be assigned by such Offeree Holder (i) to any wholly-owned subsidiary or parent of, or to any corporation or entity that is, within the meaning of the Securities Act, controlling, controlled by or under common control with, such Offeree Holder, (ii) to any other Offeree Holder or (iii) to any other Person with the prior approval of the Board of Directors.
Transfer of Right. Neither party shall be entitled to assign any of its rights and obligations under this contract to a third party.
Transfer of Right. If this Right is to be transferred, the Holder shall surrender this Right to the Company, whereupon the Company will forthwith issue and deliver upon the order of the Holder a new Right (in accordance with Section 7(d)), registered as the Holder may request, representing the right to receive the number of Right Shares being transferred by the Holder and, if less than the total number of Right Shares then underlying this Right is being transferred, a new Right (in accordance with Section 7(d)) to the Holder representing the right to receive the number of Right Shares not being transferred.
Transfer of Right. Neither PARTY shall transfer or assign any and all of its rights or obligations under this Agreement without the prior written consent of the other PARTY. Consent shall not be unreasonably withheld.
Transfer of Right. The rights of first refusal of each Holder under this Section 2.1 may be transferred to the same parties subject to the same restrictions as any transfer of registration rights pursuant to Section 1.10.
Transfer of Right. 24 Section 5. Right of Co-Sale............................................. 24 5.1
Transfer of Right. 8.1. The Inurnment Right is non-transferrable under any circumstances. For the avoidance of doubt, alternative arrangements for a Niche may only be made in accordance with this clause 8.
8.2. The Customer may, by notice in writing, request that:
8.2.1. Eternum seek an alternative customer for the Niche;
8.2.2. if Eternum is able to obtain agreement from any person to purchase a right of inurnment in the Niche, allow the Inurnment Right to lapse; and
8.2.3. provide a rebate of such proportion of the Columbarium Fee as shall be determined by Eternum acting reasonably (in consideration of the costs incurred to date) within six weeks of the receipt of funds from the person referred to in clause 8.2.2 above (the Substituted Customer).
8.3. Eternum shall have the option to act upon the request referred to in clause 8.2 above shall be under no obligation to do so.
8.4. The lapse of the Inurnment Right shall not be effective until such time as the Columbarium Fee (which, in this instance, shall have the definition as set out in the agreement to be entered into between Eternum and the Substituted Customer) has been received from the Substituted Customer.
Transfer of Right. Upon the full payment of the purchase price and fulfillment of all conditions specified in this Agreement, the Seller shall execute a Deed of Absolute Sale in favor of the Buyer. The Seller agrees to perform all necessary acts for the transfer of legal title and registration of the property to the Buyer, including the submission of all necessary documents to the relevant governmental authorities. The Seller shall ensure that the property is free of tenants, occupants, or any personal belongings of the Seller, and will deliver physical possession of the property to the Buyer in its current condition, normal wear and tear excepted, on the agreed transfer date.
Transfer of Right. The right of first offer granted to the Investors pursuant to this Section 2 shall be deemed to be extended to Permitted Transferees.