Common use of Assignment by the City Clause in Contracts

Assignment by the City. (a) Subject to Section 13.2(b), the City will not, without the prior consent of OSEG in its Discretion, make a Disposition. (b) Notwithstanding the provisions of Section 13.2(a), the City may, without the prior consent of OSEG, make a Disposition to a Municipal Services Corporation, of all or any portion of the Securities of the Limited Partnership which are owned by the City, or to a successor entity to the City or to any other Relevant Authority. (c) An assignment by the City pursuant to Section 13.2(b) shall relieve the City from all rights, obligations and liabilities hereunder as it relates to the portion of the Securities so assigned. For greater certainty, no assignment relieves the City from any obligations or liabilities arising pursuant to the second sentence of Section 10.3.