Common use of Contingent Assignment of Clause in Contracts

Contingent Assignment of. Subcontract To the extent the Prime Contract calls for the Subcontractor to consent to the assignment of subcontract by Contractor to Owner if elected by Owner, such assignment shall be limited to the project- specific Work Order and the terms of the Master Subcontract Agreement as they relate to the particular project, and Subcontractor hereby consents to such an assignment. The assignment shall not be effective to the Master Subcontract Agreement as a whole, nor shall it be effective as to Work Orders issued to Subcontractor on other projects. The Contractor's contingent assignment of a project-specific Work Order and the terms of the Master Subcontract Agreement as they relate to the particular project, as provided in the Prime Contract, is effective when the Owner has terminated the Prime Contract for cause and has accepted the assignment by notifying the Subcontractor in writing. This contingent assignment is subject to the prior rights of a surety that may be obligated under the Contractor's bond, if any. The Subcontractor consents to such assignment and agrees to be bound to the assignee by the terms of the project- specific Work Order and the Master Subcontract Agreement as they relate to the particular project.