BUSINESS STRUCTURE AND ASSIGNMENTS Clause Samples
The 'Business Structure and Assignments' clause defines how the parties to an agreement are organized legally and addresses their ability to transfer rights or obligations under the contract. Typically, this clause specifies whether a party is acting as a corporation, partnership, or other entity, and outlines any restrictions or permissions regarding the assignment of contractual duties or benefits to third parties. By clarifying these aspects, the clause ensures that all parties understand who is responsible for fulfilling the contract and under what circumstances contractual interests may be transferred, thereby preventing unauthorized assignments and maintaining the intended business relationships.
BUSINESS STRUCTURE AND ASSIGNMENTS. 5.17.1 Contractor shall not assign this Agreement at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest under Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Contractor shall immediately furnish the Director and CPO with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee.
5.17.2 Contractor shall not delegate any portion of its performance under this Agreement without the Director’s prior written consent.
BUSINESS STRUCTURE AND ASSIGNMENTS. Engineer shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in Chapter 9 of the Texas Business & Commerce Code. In the case of such an assignment, Engineer shall immediately furnish the City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Engineer shall not delegate any portion of its performance under this Contract without the Director’s prior written consent.
BUSINESS STRUCTURE AND ASSIGNMENTS. Contractor shall not assign this Agreement at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest under Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Contractor shall immediately furnish the Director and CPO with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee.
BUSINESS STRUCTURE AND ASSIGNMENTS. 6.16.1 Architect/Engineer shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Architect/Engineer shall immediately furnish the City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee.
6.16.2 Architect/Engineer shall not delegate any portion of its performance under this Contract without the Director’s prior written consent.
BUSINESS STRUCTURE AND ASSIGNMENTS. Consultant shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Consultant shall immediately furnish the City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Consultant shall not delegate any portion of its performance under this Contract without the Director’s prior written consent.
BUSINESS STRUCTURE AND ASSIGNMENTS. Nothing in this clause, however, prevents the creation of a security interest in the Network Node facilities as described in the Texas Business & Commerce Code. In the case of such an enforcement of that security interest by the holder of the security interest, as an assignee, Licensee shall immediately furnish to the City Manager with proof of the assignment and the name, telephone number, and address of the assignee and a clear contractual obligation that the assignee shall and does assume all the liabilities and responsibilities of Licensee under this Agreement, including responsibilities for any unpaid past due payments, and current and future payments that may be due the City. Such assignment does not release Licensee of its obligations and payments due or to be due the City, unless there is an express written release agreed to by the City.
BUSINESS STRUCTURE AND ASSIGNMENTS. Neither Artist nor HAA shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in
BUSINESS STRUCTURE AND ASSIGNMENTS. Nothing in this Article, however, prevents the creation of a security interest in the Network Nodes as described in the Texas Business & Commerce Code. In the case of such an enforcement of that security interest by the holder of the security interest, as an assignee, Licensee shall immediately furnish to the City proof of the assignment and the name, telephone number, and address of the assignee and a clear contractual obligation that the assignee shall and does assume all the liabilities and responsibilities of Licensee under this Agreement, including responsibilities for any unpaid past due payments, and current and future payments that may be due the City. Such assignment does not release Licensee of its obligations and payments due or to be due the City, unless there is an express written release agreed to by the City.
BUSINESS STRUCTURE AND ASSIGNMENTS. Construction Project Manager shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in Chapter 9 of the Texas Business & Commerce Code. In the case of such an assignment, Construction Project Manager shall immediately furnish the City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Construction Project Manager shall not delegate any portion of its performance under this Agreement without the Director’s prior written consent.
BUSINESS STRUCTURE AND ASSIGNMENTS. The Developer shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the prior written consent of the Director. If the Developer desires approval of an assignment, the Developer shall immediately furnish the Director:
(1) proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee;
(2) an original Affidavit of Ownership and Control of the Assignee; and
(3) all pre-qualifying information requested by the Director. The Developer shall not delegate any portion of its performance under this Contract without obtaining prior written consent from the Director. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in §9.406 of the Texas Business & Commerce Code. Provided, however, the Developer must provide the Directors the information described in item (1) above.