Common use of Administration of Contracts Clause in Contracts

Administration of Contracts. The Corporation (or such instrumentality, authority or department as shall be designated by the Corporation) has had and will continue to have full responsibility for preparing, administering, amending and enforcing the Project Contracts and litigating or settling claims thereunder, and will be entitled to all warranties, guaranties and indemnities provided under the Project Contracts and by the applicable laws, except with respect to Project Contracts executed or to be executed in connection with Project facilities which have been transferred to the District.