Common use of BUSINESS STRUCTURE AND ASSIGNMENTS Clause in Contracts

BUSINESS STRUCTURE AND ASSIGNMENTS. Construction Project Manager shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in Chapter 9 of the Texas Business & Commerce Code. In the case of such an assignment, Construction Project Manager shall immediately furnish the City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Construction Project Manager shall not delegate any portion of its performance under this Agreement without the Director’s prior written consent.

BUSINESS STRUCTURE AND ASSIGNMENTS. Construction Project Manager shall not assign this Contract Agreement at law or otherwise or dispose of all or substantially all of its assets without the Director’s 's prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in Chapter 9 under ' Section 9.318 (c) of the Texas Business & Commerce Code. In the case of such an assignment, Construction Project Manager shall immediately furnish the City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Construction Project Manager shall not delegate any portion of its performance under this Agreement without the Director’s 's prior written consent.