Common use of Assignment to County Clause in Contracts

Assignment to County. Tenant shall obtain the written agreement of the Contractor that, at County election and in the event that Xxxxxx fails to perform its contract with the Contractor, such Contractor will recognize County as the assignee of the contract with the Contractor, and that County may, upon such election, assume such contract with credit for payments made prior thereto. Notwithstanding the foregoing, the County’s rights under this Section 5.2.2 are hereby made subject and subordinate to the lien of each Leasehold Mortgage.

Assignment to County. Tenant shall obtain the written agreement of the Contractor that, at County election and in the event that Xxxxxx Tenant fails to perform its contract with the Contractor, such Contractor will recognize County as the assignee of the contract with the Contractor, and that County may, upon such election, assume such contract with credit for payments made prior thereto. Notwithstanding the foregoing, the County’s rights under this Section 5.2.2 are hereby made subject and subordinate to the lien of each Leasehold Mortgage.

Assignment to County. Tenant shall obtain the written agreement of the Contractor general contractor that, at County County’s election and in the event that Xxxxxx Tenant fails to perform its contract with the Contractorgeneral contractor, such Contractor general contractor will recognize County as the assignee of the contract with the Contractorgeneral contractor, and that County may, upon such election, assume such contract with credit for payments made prior thereto. Notwithstanding the foregoing, the County’s rights under this Section 5.2.2 are hereby made subject and subordinate to the lien of each Leasehold Mortgage.