Assignment by Contractor. Contractor may not assign any or all of its obligations, rights, title and/or interest in and to or arising out of or in connection with the Contract without the prior written approval of Company, which approval shall not be arbitrarily or unreasonably withheld or delayed. Notwithstanding the foregoing, Contractor may assign its obligations, rights, title and/or interest in and to or arising out of or in connection with the Contract to an Affiliate, without Company’s consent. No assignment of Contractor’s obligations, rights, title and/or interest in and to or arising out of or in connection with the Contract shall relieve Contractor of any obligation hereunder.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Contract (Us Geothermal Inc), Engineering, Procurement and Construction Contract (Us Geothermal Inc)
Assignment by Contractor. Contractor may not assign any or all of its obligations, rights, title and/or interest in and to or arising out of or in connection with the Contract without the prior written approval of Company, which approval shall will not be arbitrarily or unreasonably withheld or delayed. Notwithstanding the foregoing, Contractor may assign its obligations, rights, title and/or interest in and to or arising out of or in connection with the Contract to an Affiliate, without Company’s consent. No assignment of Contractor’s obligations, rights, title and/or interest in and to or arising out of or in connection with the Contract shall relieve Contractor of any obligation hereunder.
Appears in 1 contract
Sources: Binding Letter of Intent for Bridge Financing and Epc Agreement (Us Geothermal Inc)
Assignment by Contractor. Contractor may not assign any or all of its obligations, rights, title and/or interest in and to or arising out of or in connection with the this Contract without the prior written approval of Company, which approval shall will not be arbitrarily or unreasonably withheld or delayed. Notwithstanding the foregoing, Contractor may assign its obligations, rights, title and/or interest in and to or arising out of or in connection with the this Contract to an Affiliate, without Company’s 's consent. No assignment of Contractor’s 's obligations, rights, title and/or interest in and to or arising out of or in connection with the this Contract shall relieve Contractor of any obligation hereunder.
Appears in 1 contract
Sources: Engineering, Procurement and Construction Contract (Brady Power Partners)