No Assignment by Contractor. Contractor may assign all of its right, title and interest in and to or arising out of or in connection with this EPC Contract as security for the benefit of its lender(s) or to a related company (as defined in clause (b) below) for which ORMAT Industries Ltd. is the ultimate parent provided that such related company signs a document assuming and agreeing to perform all of Contractor's obligations under this EPC Contract. No such assignment shall relieve Contractor of any obligation hereunder.
Appears in 2 contracts
Sources: Engineering, Procurement and Construction Contract (Ormat Technologies, Inc.), Engineering, Procurement and Construction Contract (Ormat Technologies, Inc.)