Assignment of Plans and Specifications. The Proponent hereby assigns to NRH and its successors and assigns, the right to possess and use the Plans and Specifications and the Proponent's rights under all construction contracts, (to the extent the same are assignable) for the purpose of completing the Project if the Proponent defaults subject to any prior assignment to the holder of the First Mortgage.
Appears in 2 contracts
Sources: Municipal Housing Project Facility Agreement, Request for Proposal