Option to Buy Contractor’s Equipment; Assignment of Subcontracts Clause Samples

Option to Buy Contractor’s Equipment; Assignment of Subcontracts. In the event the City determines to terminate this Agreement for cause, the City shall have the option to buy/acquire the equipment which is utilized by the Contractor in the performance of this Agreement, directly or indirectly. The City may buy/acquire from Contractor such equipment as it deems, in its sole discretion, is necessary to continue operations of the ambulances services contemplated by this Agreement. City shall have the right to purchase/acquire such equipment in accordance with the following: If the Contractor owns the equipment, the City shall have the right to purchase it for its depreciated value, calculated by a standard straight-line method. If the Contractor is leasing the item of equipment, the City shall have the right to assume the rights and obligations of Contractor under the lease. Contractor shall take all steps necessary to ensure that any equipment lease entered into by Contractor for purposes of performing its obligations under this Agreement contains specific provisions granting the City the right to assume the Contractor’s rights and obligations under the lease. If Contractor is financing (lease/purchase, mortgage, loan, etc.) the purchase of the item of equipment, the City shall have the right to purchase the equipment for the amount of the debt remaining. The City shall have the right to require the Contractor to assign to the City such contract(s) for supplies, services, insurance, etc. that are related to the Contractor’s obligations under this Agreement. Contractor shall take all steps necessary to ensure that any contract(s) entered into by Contractor for purposes of performing its obligations under this Agreement contains specific provisions granting the Contractor the right to assign its rights and obligations under the contract(s) to the City. Similarly, the City shall have the right to require the Contractor to assign to the City such leases for facilities, offices, storage, etc. that are related to the Contractor’s obligations under this Agreement. Contractor shall take all steps necessary to ensure that any lease(s) entered into by Contractor for purposes of performing its obligations under this Agreement contains specific provisions granting the Contractor the right to assign its rights and obligations under the lease(s) to the City. All end-term purchase rights and rights to salvage of retired equipment, if any, shall accrue to the benefit of the City.
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Related to Option to Buy Contractor’s Equipment; Assignment of Subcontracts

  • CONTINGENT ASSIGNMENT OF SUBCONTRACTS § 5.4.1 Each subcontract agreement for a portion of the Work is assigned by the Contractor to the Owner, provided that .1 assignment is effective only after termination of the Contract by the Owner for cause pursuant to Section 14.2 and only for those subcontract agreements that the Owner accepts by notifying the Subcontractor and Contractor; and

  • PAYMENT OF SUBCONTRACTORS Contractor shall pay any of its subcontractors not later than seven (7) days after receipt of any progress payment, unless otherwise agreed to in writing, the respective amounts allowed Contractor on account of the work performed by subcontractor(s), to the extent of each subcontractor’s interest therein, except as otherwise provided in Business and Professions Code Section 7108.5.

  • Assignment; Subcontractors Contractor shall not assign, transfer, convey, sublet, or otherwise dispose of the Contract or its right, title or interest therein, or its power to execute such Contract to any other person, company, firm or corporation in performance of the Contract, other than the assignment of the right to receive money due, without the prior written consent of the Issuing Entity. Prior to an assignment of the right to receive money becoming effective, Contractor shall file a written notice of such assignment simultaneously with the NYS Comptroller, the Commissioner, and participating Authorized User(s). The Commissioner reserves the right to reject any proposed subcontractor, assignee or supplier for bona fide business reasons, which may include, but are not limited to: that the proposed transferee is on the Department of Labor’s list of companies with which New York State cannot do business; the Commissioner determines that the company is not qualified; unsatisfactory contract performance or service has been previously provided; or attempts were not made to solicit minority and women’s business enterprises (M/WBE) bidders for the subcontract.

  • Assignment and Subcontractors Provider shall not assign, sublet, or transfer this Agreement or any rights under or interest in this Agreement without the prior written consent of the DISTRICT, which may be withheld by the DISTRICT in its sole and absolute discretion for any reason. Nothing contained herein shall prevent Provider from employing independent associates, subcontractors, and sub consultants as Provider may deem appropriate to assist in the performance of services herein, subject to the prior written approval of the DISTRICT. Any attempted assignment, sublease, or transfer in violation of this Agreement shall be null and void, and of no force and affect. Any attempted assignment, sublet, or transfer in violation of this Agreement shall be grounds for the DISTRICT, in its sole discretion, to terminate the Agreement.

  • Assignment of Overtime Work (a) Subject to the operational requirements, the Employer shall make every reasonable effort to avoid excessive overtime and to offer overtime work on an equitable basis among readily available qualified employees. (b) Except in cases of emergency, call-back, or mutual agreement with the employee, the Employer shall, wherever possible, give at least four (4) hours’ notice of any requirement for overtime work.