Unauthorized Assignment definition

Unauthorized Assignment means an assignment by a Sunoco Contract Party of any of its obligations under a Borrower Operating Agreement other than an assignment to a purchaser with an Investment Grade Rating who fully assumes the obligations of such Sunoco Contract Party under such Borrower Operating Agreement.
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Unauthorized Assignment. Any assignment or purported assignment in violation of this Section 10.6 is void.
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Unauthorized Assignment means (a) an assignment by a ▇▇▇▇▇▇ Party to any Person other than another ▇▇▇▇▇▇ Party of any of its rights or obligations under a Material Agreement if such assignment could reasonably be expected to have a Material Adverse Effect, or (b) a holder of Liens shall foreclose or there shall occur a transfer in lieu of foreclosure or other involuntary transfer of any interests of a ▇▇▇▇▇▇ Party in a Material Agreement if such foreclosure could reasonably be expected to have a Material Adverse Effect.
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Examples of Unauthorized Assignment in a sentence

  • Permit any amendment to any Material Agreement or the Partnership Agreement (MLP) if such amendment could reasonably be expected to materially adversely affect the Lenders; permit any assignment of any Material Agreement if such assignment could reasonably be expected to materially adversely affect the Lenders; or permit any Unauthorized Assignment of any Borrower Operating Agreement.

  • ASSIGNMENT 30 17.1. General Assignment 30 17.2. Assignment to Financing Providers 30 17.3. Assignment in Connection with a Change in Control 31 17.4. Unauthorized Assignment 31 ARTICLE 18.

  • ASSIGNMENT 29 17.1. General Assignment 29 17.2. Assignment to Financing Providers 30 17.3. Assignment in Connection with a Change in Control 30 17.4. Unauthorized Assignment 30 ARTICLE 18.

  • If the Borrower receives a demand for performance of the Unauthorized Assignment Claim from the Unauthorized Assignee, the Borrower shall immediately notify the Agent of that fact.

  • Permit any amendment to any Organizational Document of the Borrower or the MLP if such amendment could reasonably be expected to materially adversely affect the rights and the remedies of the Lenders under the Loan Documents; permit any amendment of any Borrower Operating Agreement if such amendment could reasonably be expected to have a Material Adverse Effect; or permit any Unauthorized Assignment of any Borrower Operating Agreement.

  • Permit any amendment to any Organizational Document of the Borrower, SXL Operations or the MLP if such amendment could reasonably be expected to materially adversely affect the rights and the remedies of the Lenders under the Loan Documents; permit any amendment of any SXL Operations Operating Agreement if such amendment could reasonably be expected to have a Material Adverse Effect; or permit any Unauthorized Assignment of any SXL Operations Operating Agreement.


More Definitions of Unauthorized Assignment

Unauthorized Assignment means (a) an assignment by a M▇▇▇▇▇ Party to any Person other than another M▇▇▇▇▇ Party of any of its rights or obligations under a Material Agreement if such assignment could reasonably be expected to have a Material Adverse Effect, or (b) a holder of Liens shall foreclose or there shall occur a transfer in lieu of foreclosure or other involuntary transfer of any interests of a M▇▇▇▇▇ Party in a Material Agreement if such foreclosure could reasonably be expected to have a Material Adverse Effect. Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.
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Related to Unauthorized Assignment

  • Unauthorized alien means an alien as defined in Section 1324a(h)(3) of Title 8 of the United States Code.

  • Unauthorized Access means the entrance of a person into a restricted area without permission of the operator or the operator’s designated representative.

  • Unauthorized Use means either of the following:

  • Unauthorized Third Party means any person or entity that, at the time of the Computer Fraud, is not an Authorized User.

  • Unauthorized Gas means (a) the quantity of gas taken by Customer exceeding the amount which is permitted during a Period of Interruption or (b) the difference (whether positive or negative) between the quantity of gas taken by Customer and the volumes provided for under an Operational Flow Order.