Common use of Assignment by the Authority Clause in Contracts

Assignment by the Authority. Notwithstanding anything to the contrary contained in this Agreement, the Authority may, after giving 60 (sixty) days’ notice to the SPV, 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 the Authority’s then outstanding obligations under this Agreement.

Appears in 3 contracts

Sources: Paddy Processing Agreement, Paddy Processing Agreement, Paddy Processing Agreement