Common use of Assignment of Subcontracts Clause in Contracts

Assignment of Subcontracts. In the event of termination by the Owner pursuant to this Article 23 or Exhibit E to this Contract, the Owner may require the Contractor to promptly assign to it all or some of the subcontracts, materials, tools, and equipment to be installed under this Contract, or rental agreements, and any other commitments which the Owner, in its sole discretion, chooses to take by assignment. In such event, the Contractor shall promptly execute and deliver to the Owner written assignments of such commitments.

Assignment of Subcontracts. In the event of termination by the Owner for default pursuant to this Article 23 or Exhibit E 21.2 to this Contract, the Owner may require the Contractor ▇▇▇▇ to promptly assign to it all or some of the subcontracts, trade contracts, materials, tools, and equipment to be installed under this Contract, or rental agreements, and any other commitments which the Owner, in its sole discretion, chooses to take by assignment. In such event, the Contractor ▇▇▇▇ shall promptly execute and deliver to the Owner written assignments of such commitments.