Common use of Assignment of Plans and Specifications Clause in Contracts

Assignment of Plans and Specifications. The Proponent hereby assigns to the City and its successors and assigns, the right to possess and use the Plans and Specifications and the Proponent’s rights under all construction contracts, for the purpose of completing the Improvements if Proponent defaults subject to any prior assignment to the holder of the First Loan.

Appears in 5 contracts

Samples: Municipal Contribution Agreement, Municipal Contribution Agreement, Municipal Contribution Agreement

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