Common use of Assignment by Authority Clause in Contracts

Assignment by Authority. Notwithstanding anything to the contrary contained in this Agreement, the Authority may, after giving 10 (ten) days’ notice to the Operator, assign and/or transfer any of its rights and benefits and/or obligations under this Agreement to an assignee who is, in the reasonable opinion of the Authority, capable of fulfilling all of Authority’s then outstanding obligations of the Agreement.

Appears in 4 contracts

Sources: Operation and Maintenance Agreement, Operation and Maintenance Agreement, Operation and Maintenance Agreement