Transfer of the Agreement Clause Samples
The "Transfer of the Agreement" clause defines the conditions under which one party may assign or transfer its rights and obligations under the contract to another party. Typically, this clause specifies whether such a transfer is permitted, and if so, whether it requires the prior written consent of the other party. For example, it may prohibit assignment altogether or allow it only in cases of corporate restructuring. The core function of this clause is to maintain control over who is bound by and benefits from the agreement, thereby preventing unwanted third parties from becoming involved without mutual consent.
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Transfer of the Agreement. 12.1 Party B shall not transfer any of its rights or obligations hereunder to any third party without prior written approval of Party A.
12.2 Party B agrees that Party A may transfer any or all of its rights and obligations hereunder to any third party by sending a prior written notice to Party B, and such transfer does not require approval of Party B.
Transfer of the Agreement. The parties shall have no right to transfer the Agreement. The Escrow Agent shall, however, have the right to transfer the Agreement with the other parties’ written consent, which consent they shall not withhold without a material and justifiable reason thereto. The Escrow Agent shall also have the right to transfer the collection of its receivables based on the Agreement.
Transfer of the Agreement. The Agreement is binding on the contracting parties and their legal successors. The Customer is not entitled to assign its contractual rights and obligations to a third party without the Bank's consent. The Bank is, however, entitled to transfer all or part of its rights and obligations under these Terms and conditions to a company belonging to the Nordea Group without the Customer’s consent.
1. Governing law and conflicts
Transfer of the Agreement. 5.1 Unless with the prior written consent of the Purchaser, the Seller has no right to transfer or assign any of its rights and obligations hereunder.
5.2 This Agreement shall be binding upon the Seller and its successors and assigns permitted by Purchaser, and is enforceable by Purchaser and its successors and assigns.
5.3 If the Purchaser is restructured for whatever reason, upon the request of the Purchaser, the Seller shall enter into a new agreement containing the content substantially same to the terms and conditions of this Agreement with the restructured Purchaser.
Transfer of the Agreement. 1. At any time and for any reason whatsoever, the Lender has the right unilaterally to transfer its rights under this Agreement to a third party, which thereby also accepts the responsibilities of the Lender. Any transfer of the Lender's rights under this Agreement does not require the Borrower's approval.
2. The Borrower cannot transfer their rights and obligations arising from this Agreement to a third party.
Transfer of the Agreement. HUD has been granted and is possessed of an interest in the above described Project such that the Owner shall remain seized of the title to said Project and refrain from transferring, conveying, encumbering or permitting or suffering any transfer, conveyance, assignment, lease, mortgage, pledge or other encumbrance of said Project or any part thereof without the release of said covenants by HUD. The Owner has constituted HUD as its attorney-in-fact to transfer PBV or PBRA assistance to another entity in the event of default under the HAP Contract. With HUD approval, after 10 years from the effective date of the initial term of the HAP Contract, if the Project is economically non-viable or physically obsolete, assistance may be transferred subject to this Agreement. Any such new Owner shall assume the obligations under this Agreement as a condition of any transfer. This Agreement shall be binding upon the Owners and all future successors and assigns until released by HUD.
Transfer of the Agreement. During the term of the Agreement, no party shall transfer part of or all of its rights and/or obligations hereunder to any third party without the prior written consent of the other party, except transfer by the pledgee to its affiliates.
Transfer of the Agreement. The Customer may only transfer his rights and obligations under the Agreement on condition that he complies with the formalities required by Proximus, the latter gives its consent and the Customer accepts the financial terms that apply to such a transfer. Proximus has the right to transfer all or some of its rights and obligations under the agreement to a third party, without the Customer's consent.
Transfer of the Agreement. The customer may not transfer this agreement or hand over the reserved premises to third parties.
Transfer of the Agreement. This agreement is personal, non-transferable, subject to the provisions of article 5 above.