ASSIGNMENT OF SUBCONTRACT AGREEMENTS Sample Clauses

The Assignment of Subcontract Agreements clause allows one party to transfer its rights and obligations under existing subcontract agreements to another party, typically in the context of a larger contract transfer or project sale. In practice, this means that if the main contract is assigned or transferred, the related subcontracts—such as those with suppliers or subcontractors—are also assigned to the new party, ensuring continuity of work and obligations. This clause is essential for maintaining project integrity and avoiding disruptions, as it ensures that all necessary agreements follow the main contract to the new responsible party.
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ASSIGNMENT OF SUBCONTRACT AGREEMENTS. The Contractor shall provide for assignment of subcontract agreements in the event this Agreement is terminated as provided in this Agreement. Following such termination, the Owner shall notify in writing those subcontractors whose assignments will be accepted, subject to the rights of sureties.
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ASSIGNMENT OF SUBCONTRACT AGREEMENTS. Fluor ▇▇▇▇▇▇ shall provide for ------------------------------------ assignment of Subcontractor agreements in the event that Owner terminates this Agreement for cause as provided in Section 12.1. Following such termination, Owner shall notify in writing those Subcontractors whose assignments will be accepted, subject to the rights of sureties.
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ASSIGNMENT OF SUBCONTRACT AGREEMENTS. Design-Builder shall provide for assignment of subcontract agreements in the event that Owner terminates this Agreement for cause as provided in GC 9.3 (“Owner’s Right to Perform and Terminate for Cause”). Following such termination, Owner shall notify in writing those subcontractors whose assignments will be accepted, subject to the rights of sureties.
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ASSIGNMENT OF SUBCONTRACT AGREEMENTS. The Design-Builder shall provide for assignment of subcontract agreements in the event that the Owner terminates this Agreement for cause as provided in Paragraph 11.2. Following such termination, the Owner shah notify in writing those subcontractors whose assignments will be accepted, subject to the rights of sureties.
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ASSIGNMENT OF SUBCONTRACT AGREEMENTS. Fluor ▇▇▇▇▇▇ shall provide for ------------------------------------ assignment of Subcontractor agreements in the event that Owner terminates this Agreement for cause as provided in Section 12.1. Following such termination, Owner shall notify in writing those Subcontractors whose assignments will be accepted, subject to the rights of sureties.
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Related to ASSIGNMENT OF SUBCONTRACT AGREEMENTS

  • CONTINGENT ASSIGNMENT OF SUBCONTRACTS § 5.4.1 Each subcontract agreement for a portion of the Work is assigned by the Contractor to the Owner, provided that .1 assignment is effective only after termination of the Contract by the Owner for cause pursuant to Section 14.2 and only for those subcontract agreements that the Owner accepts by notifying the Subcontractor and Contractor; and

  • Assignment of Contracts GSAM agrees to assign (or cause to be assigned) to GSRP or OpCo without recourse, representation or warranty (except as expressly set forth in this Agreement), all of GSAM’s or such Affiliate’s right, title and interest in and to, and GSRP agrees to assume, or cause OpCo to agree to assume, the obligations of GSAM or such Affiliate’s obligations under, each of the Contracts set forth on Section 6.18 of the GSRP Disclosure Letter (collectively the “Assigned Contracts”), pursuant to documentation (the “Assigned Contracts Documentation”) in form and substance consistent with this Section 6.18 and otherwise in form and substance satisfactory to the Parties. GSAM has made available, or caused to be made available, to GSRP true and correct copies of the Assigned Contacts. Except as provided below, GSAM shall remain responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSRP from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period prior to the Closing. GSRP shall be responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period on or after the Closing. Notwithstanding the second preceding sentence, in the case of any Assigned Contract that prior to the Closing was for the benefit of the GSRP Entities, from and after the Closing GSRP shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities, related to or arising from such Assigned Contract, to the extent GSRP is required to do so under the Management Agreement. Without limiting the foregoing, OpCo shall remain responsible for, and shall pay and discharge when due all Liabilities that constitute Company Expenses (as defined in the OpCo LLC Agreement) that were incurred prior to the Closing.

  • Assignment/Subcontracts 14.3.1 Contractor shall not assign, sell, transfer, subcontract or sublet rights, or delegate responsibilities under this Master Agreement, in whole or in part, without the prior written approval of the Lead State. 14.3.2 The Lead State reserves the right to assign any rights or duties, including written assignment of contract administration duties, to NASPO ValuePoint and other third parties.

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

  • Assignment of Contract A. No assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.