Common use of Change to Customer of Record Clause in Contracts

Change to Customer of Record. This Agreement will be automatically transferred by Customer to a new Customer of Record, if the Customer of Record changes at any point throughout the duration of the Tariff Term. When transferred, this Agreement shall be binding upon, shall inure to the benefit of, and may be performed by the transferee of the Customer, except that no transfer of this Agreement by Customer shall operate to release the Customer from any of its obligations under this Agreement unless the EDC (or its successors or assigns) consents in writing to the transfer and expressly releases the transferor from its obligations thereunder. Such transfer must be communicated to the EDC in writing at least thirty (30) days prior to such transfer becoming effective. In addition, the original Customer, new Customer of Record, and Tariff Payment Beneficiary shall sign and provide an updated Tariff Payment Beneficiary Form thirty days before the transfer is scheduled to occur.