Common use of Irrevocable Assignment Clause in Contracts

Irrevocable Assignment. The Assignment of Agreement is irrevocable. No event of termination or release shall have any effect unless and until the City executes and delivers a written certification that such event has occurred; and until such certification is delivered by the City, all persons may rely upon this Agreement as an effective assignment of the rights, title, interest, and obligations.

Irrevocable Assignment. The Assignment of Agreement is irrevocable. No event of termination or release shall have any effect unless and until the City executes and delivers shall execute, in writing, a written certification that such event has occurred; and until such certification is delivered so executed by the CityCity and delivered, all persons may rely upon this Agreement as an effective assignment of the rights, titleprivileges and property interests, interest, and obligationsas hereinabove described.