Assignment of Trade Contracts Clause Samples

The Assignment of Trade Contracts clause governs the transfer of rights and obligations under existing trade contracts from one party to another. Typically, this clause outlines the conditions under which such assignments are permitted, such as requiring the consent of the non-assigning party or specifying notification procedures. Its core practical function is to provide a clear framework for the reassignment of contractual duties and benefits, thereby ensuring continuity of business relationships and minimizing disputes when ownership or responsibility changes hands.
Assignment of Trade Contracts. CM/GC hereby conditionally assigns to Owner all of its interest in all Trade Contracts. Such conditional assignment shall become effective only upon the termination of this Contract, whereupon Owner may elect in writing to assume the rights and obligations of CM/GC under such Trade Contracts.
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Assignment of Trade Contracts. All subsequent provisons of this article are unchanged. Article 37.01, Interpretation of Contract Requirements; delete and replace with the following:
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Assignment of Trade Contracts. All subsequent provisions of this article are unchanged.
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Assignment of Trade Contracts. Trade Contracts shall be assigned to the Owner upon receipt of Notice from the Owner to the Trade Contractor that the Owner has elected to assume the rights and obligations of Design-Builder under said Trade Contract. Such assignment shall become effective only upon the termination of this Contract, whereupon the Owner may elect in writing to assumet he rights and obligations of Design-Builder under such Trade Contracts. Third Party Beneficiary. Design-Builder shall expressly name Owner as an intended third-party beneficiary of any subcontract.
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Assignment of Trade Contracts 
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Related to Assignment of Trade Contracts

  • Assignment of Contracts On the Initial Borrowing Date, the Borrower shall have duly authorized, executed and delivered a valid and effective assignment by way of security in favor of the Collateral Agent of all of the Borrower’s present and future interests in and benefits under (x) the Construction Contract, (y) each Refund Guarantee and (z) the Construction Risk Insurance (it being understood that the Borrower will use commercially reasonable efforts to have the underwriters of the Construction Risk Insurance accept and endorse on such insurance policy a loss payable clause substantially in the form set forth in Part 3 of Schedule 2 to the Assignment of Contracts (as defined below), and it being further understood that certain of the Refund Guarantee and none of the Construction Risk Insurances will have been issued on the Initial Borrowing Date), which assignment shall be substantially in the form of Exhibit J hereto or otherwise reasonably acceptable to the Lead Arrangers and the Borrower and customary for transactions of this type, along with appropriate notices and consents relating thereto (to the extent incorporated into or required pursuant to such Exhibit or otherwise agreed by the Borrower and the Facility Agent), including, without limitation, those acknowledgments, notices and consents listed on Schedule 5.07 (as modified, supplemented or amended from time to time, the “Assignment of Contracts”) provided that, if any Refund Guarantee issued to the Borrower on the Initial Borrowing Date shall have been issued by KfW IPEX-Bank GmbH, then such Refund Guarantee shall be charged pursuant to a duly authorized, executed and delivered, valid and effective charge of any such Refund Guarantee in the form of Exhibit Q hereto or otherwise in a form reasonably acceptable to the Lead Arrangers and the Borrower and customary for transactions of this type, along with appropriate notices and consents relating thereto (to the extent incorporated into or required pursuant to such Exhibit or otherwise agreed by the Borrower and the Facility Agent) (as modified, supplemented or amended from time to time, the “Charge of KfW Refund Guarantees”).