Common use of Assignability of Contracts Clause in Contracts

Assignability of Contracts. Tenant shall use commercially reasonable efforts to cause each contract or agreement between Tenant and any architect, design professional or contractor with respect to the construction of any Improvements, including, without limitation, any Improvements comprising a portion of the Hotel Project, to include provisions that provide for the assignment of such contract or agreement to Landlord upon any termination of this Lease. If this Lease is terminated as a result of an Event of Default, then Landlord may, at its election, use any plans and specifications prepared by an architect, design professional or contractor for the construction of any Improvements upon such termination of this Lease and payment of all sums due to any party to such contract or agreement pursuant to which such plans and specifications are prepared, provided that such contract or agreement includes the assignment provisions described in the immediately preceding sentence.