Common use of CONTINGENT ASSIGNMENT OF SUBCONTRACTS Clause in Contracts

CONTINGENT ASSIGNMENT OF SUBCONTRACTS. The Contractor hereby assigns to the County each Subcontract for a portion of the Work, provided that: 1. The assignment is effective only after the County’s termination of the Contractor’s right to proceed under the Contract (or portion thereof relating to that Subcontract) pursuant to Sections 1.13.F or 1.13.G above; 2. The Assignment is effective only for the Subcontracts which the County expressly accepts by notifying the Subcontractor in writing; 3. The assignment is subject to the prior rights, if any, of the surety, obligated by the Performance Bond provided under the Contract, where the surety exercises its rights to complete the Contract; 4. After the effectiveness of an assignment, the Contractor shall, at its sole cost and expense (except as otherwise provided in Sections 1.13.F or

CONTINGENT ASSIGNMENT OF SUBCONTRACTS. ‌ The Contractor hereby assigns to the County each Subcontract for a portion of the Work, provided that: 1. The assignment is effective only after the County’s termination of the Contractor’s right to proceed under the Contract (or portion thereof relating to that Subcontract) pursuant to Sections 1.13.F or 1.13.G above; 2. The Assignment is effective only for the Subcontracts which the County expressly accepts by notifying the Subcontractor in writing; 3. The assignment is subject to the prior rights, if any, of the surety, obligated by the Performance Bond provided under the Contract, where the surety exercises its rights to complete the Contract; 4. After the effectiveness of an assignment, the Contractor shall, at its sole cost and expense (except as otherwise provided in Sections 1.13.F or