Assignment to Owner. At the option of the Owner, the Project Manager shall assign the Contracts to the Owner pursuant to and subject to the terms of the Option Agreement (as the term “Contracts” is defined in the Option Agreement).
Assignment to Owner. Contractor may assign this Contract and the Project Contract to the Owner if required by the Prime Contract. In the event of a termination of the Prime Contract for any reason, this Contract may, at the sole option of the Owner or its lender providing construction financing, be assigned to the Owner or any lender providing construction financing or assigned to another contractor, and the Subcontractor shall continue to work as though this Contract was with the assignee. Said assignment shall become effective only upon written notice by the Owner or such lender that the Owner or such other contractor is assuming this Subcontract. The Subcontractor shall execute any instruments necessary to confirm such assignment. By executing this Contract, the Subcontractor confirms and assents to the aforementioned rights of assignment and assumption.
Assignment to Owner. If required by the Contract Documents, Subcontractor agrees that the Work and this Subcontract may be assigned by Contractor to the Owner according to the terms of the Contract Documents.
Assignment to Owner. The provisions of this Section 11 shall apply separately with respect to each Property. References to Owner or Builder shall refer, respectively, to the Owner Party and Local Builder executing the Addendum applicable to the Property. Effective as the date when the Option has expired or has otherwise been terminated pursuant to this Agreement without Builder having acquired all of the Homesites, Builder does hereby assign to the extent legally assignable and on a non-exclusive basis, without charge or liability to Owner, (a) all plans relating to the horizontal improvements, (b) all of Builder’s rights in all third party guarantees and warranties relating to the Subdivision Improvements or any off-site improvements, and (c) all governmental applications, approvals, agreements, permits and service contracts, all entitlements, and all design and engineering documentation or consulting agreements relating to the Retained Property (collectively, the “Development Work Product”), provided that Builder shall retain the nonexclusive right to use the Development Work Product. The foregoing assignment specifically excludes any contracts, guarantees and warranties and/or rights with subcontractors or other parties (but does not exclude consultants who prepared work product) covered by Builder’s wrap insurance program. Additionally, if reasonably determined by Owner as needed to maintain consistency of home product to be constructed within the Property, promptly following the Option Termination Date, upon request from Owner, Builder shall cooperate with Owner to enable Owner and its successors or assigns, including, without limitation, any replacement builder to whom Owner sells any Retained Property, to obtain the right to use with respect to the Retained Property only the architectural plans and specifications for any homes offered for sale by Builder on the Homesites. Such efforts shall include Builder using commercially reasonable efforts to obtain the consent of the architect who prepared the architectural plans for the home product being offered by Builder for sale on the Property to allow the use thereof on the Retained Property for a typical and reasonable market rate re-use fee. Additionally, Builder may require Owner and any replacement builder to execute a design license agreement on commercially reasonable terms pursuant to which Owner and any replacement builder, among other things will: (i) acknowledge and confirm Builder’s ownership and proprietary right...
