B Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of Executive and the heirs, executors and administrators of Executive or Executive's estate and property and shall be binding upon and inure to the benefit of the Company and its successors and assigns. Executive may not assign or transfer to others the right to receive payments hereunder nor the obligation to perform duties hereunder.
B Successors and Assigns. GC Section 13.2.1 (second and third sentences only) are deleted. Without Contractor's consent, Owner and any permitted assignee or successor to Owner hereunder shall have the right to assign the Contract Documents, or any interest therein, to (i) any lender to Owner, (ii) the owner of the fee interest in the Project or (iii) any corporation, partnership or other person which is under common control with Owner or which is controlled by Owner. At its discretion, but only with Contractor's consent (which consent shall not be unreasonably withheld or delayed), Owner and any permitted assignee or successor to Owner, shall have the right to assign the Contract Documents, or any interest therein, to any other successor owner of the Project sites. Contractor shall execute an acknowledgment of any assignment by Owner in a form reasonably requested by Owner. Owner is relying upon the professional standing and ability of Contractor in the performance of the Work. Consequently, Contractor shall have no right to assign the Contract Documents, sublet them as a whole, or assign any monies due or to become due to Contractor under the Contract Documents, without the prior written consent of Owner, which consent may be withheld in Owner's sole discretion. The parties acknowledge that Contractor was known as Marsxxxx Xxxtractors, Inc. prior to its acquisition by Fluor Danixx, Xxc. and is now a wholly owned subsidiary of Fluor Danixx, Xxc. All of the rights and obligations of Marsxxxx Xxxtractors, Inc. under the Contract Documents and in connection with the Work have been assumed by Contractor and Contractor shall perform and be responsible for all of the Work, including, without limitation, the portion of the Work previously performed by Marsxxxx Xxxtractors, Inc. Contractor represents and warrants to Owner that the financial standing and net worth of Contractor are substantially similar to that of Marsxxxx Xxxtractors, Inc.
