Common use of Assignment Upon Termination Clause in Contracts

Assignment Upon Termination. In the event of the termination of this Contract prior to completion of the Project, regardless of the reason for said termination, the Engineer shall immediately assign to the City those contracts between Engineer and the Engineer’s sub-consultants, as the City may designate in writing. With respect to those contracts assigned to and accepted by the City, the City shall only be required to compensate such Engineer’s sub-consultants and subcontractors for compensation accruing to such parties under the terms of their agreements with the Engineer from and after the date of such assignment to and acceptance by the City. All sums claimed by such Engineer’s sub-consultants and subcontractors to be due and owing for services performed prior to such assignment and acceptance by the City shall not constitute a debt of the City, and the City shall in no way be deemed liable for such sums. The Engineer shall include this provision and the City/Trust’s rights and obligations hereunder in all agreements or contracts entered into with the Engineer’s sub-consultants and subcontractors.

Assignment Upon Termination. In the event of the termination of this Contract prior to completion of the ProjectProgram, regardless of the reason for said termination, the Engineer shall immediately assign to the City those contracts between Engineer and the Engineer’s sub-consultants, as the City may designate in writing. With respect to those contracts assigned to and accepted by the City, the City shall only be required to compensate such Engineer’s sub-consultants and subcontractors for compensation accruing to such parties under the terms of their agreements with the Engineer from and after the date of such assignment to and acceptance by the City. All sums claimed by such Engineer’s sub-consultants and subcontractors to be due and owing for services performed prior to such assignment and acceptance by the City shall not constitute a debt of the City, and the City shall in no way be deemed liable for such sums. The Engineer shall include this provision and the City/Trust’s rights and obligations hereunder in all agreements or contracts entered into with the Engineer’s sub-consultants and subcontractorsconsultants.