Common use of CONTRACT ASSIGNMENT OR TERMINATION UPON TRANSFER OF LAND Clause in Contracts

CONTRACT ASSIGNMENT OR TERMINATION UPON TRANSFER OF LAND. (a) The rights and obligations of the Contractor may be transferred in 12 connection with the transfer of title to the land or any portion thereof delineated on 13 Exhibit B on the following terms and conditions: 14 (1) A voluntary inter vivos transfer may be made, upon mutual 15 agreement of the United States and the Contractor, to a person eligible to hold title to the 16 land as a nonexcess landowner: 17 (2) A voluntary inter vivos transfer may be made to a person 18 ineligible to hold title to the land as a non-excess landowner provided that no Project 19 water may thereafter be used on excess lands and the assignee shall not be privileged to 20 obtain such use of Project water on excess. 21 (3) In the event the title of the Contractor to such land, or any 22 portion thereof, is transferred by operation of law, such as by conveyance in satisfaction 23 of a mortgage, by inheritance, or by devise, the rights and obligations of the Contractor 1 shall pass with the title and the land shall be subject to provisions of Reclamation law 2 pertaining to such transfers. Any transfer of the rights and obligations of this contract by 3 the person acquiring title by operation of law shall be in accordance with provisions of 4 subsection (1) or (2) above.

CONTRACT ASSIGNMENT OR TERMINATION UPON TRANSFER OF LAND. (a) The rights and obligations of the Contractor may be transferred in 12 8 connection with the transfer of title to the land or any portion thereof delineated on 13 Exhibit B on 9 the following terms and conditions: 14 10 (1) A voluntary inter vivos transfer may be made, upon mutual 15 11 agreement of the United States and the Contractor, to a person eligible to hold title to the 16 land as 12 a nonexcess landowner: 17 13 (2) A voluntary inter vivos transfer may be made to a person 18 ineligible 14 to hold title to the land as a non-excess nonexcess landowner provided that no Project 19 water Water may thereafter 15 be used on excess lands Excess Lands and the assignee shall not be privileged to 20 obtain such use of Project water on excess.Project 21 17 (3) In the event the title of the Contractor to such land, or any 22 portion 18 thereof, is transferred by operation of law, such as by conveyance in satisfaction 23 of a mortgage, 19 by inheritance, or by devise, the rights and obligations of the Contractor 1 shall pass with the title 20 and the land shall be subject to provisions of Reclamation law 2 pertaining to such transfers. Any 21 transfer of the rights and obligations of this contract Settlement Contract by 3 the person acquiring title by 22 operation of law shall be in accordance with provisions of 4 subsection (1) or (2) above.

CONTRACT ASSIGNMENT OR TERMINATION UPON TRANSFER OF LAND. (a) The rights and obligations of the Contractor may be transferred in 12 3 connection with the transfer of title to the land or any portion thereof delineated on 13 Exhibit B on 4 the following terms and conditions: 14 5 (1) A voluntary inter vivos transfer may be made, upon mutual 15 6 agreement of the United States and the Contractor, to a person eligible to hold title to the 16 land as 7 a nonexcess landowner: 17 8 (2) A voluntary inter vivos transfer may be made to a person 18 ineligible 9 to hold title to the land as a non-excess nonexcess landowner provided that no Project 19 water Water may thereafter 10 be used on excess lands Excess Lands and the assignee shall not be privileged to 20 obtain such use of Project water on excess.Project 21 12 (3) In the event the title of the Contractor to such land, or any 22 portion 13 thereof, is transferred by operation of law, such as by conveyance in satisfaction 23 of a mortgage, 14 by inheritance, or by devise, the rights and obligations of the Contractor 1 shall pass with the title 15 and the land shall be subject to provisions of Reclamation law 2 pertaining to such transfers. Any 16 transfer of the rights and obligations of this contract Settlement Contract by 3 the person acquiring title by 17 operation of law shall be in accordance with provisions of 4 subsection (1) or (2) above.

CONTRACT ASSIGNMENT OR TERMINATION UPON TRANSFER OF LAND. (a) The rights and obligations of the Contractor may be transferred in 12 2 connection with the transfer of title to the land or any portion thereof delineated on 13 3 Exhibit B on the following terms and conditions: 14 4 (1) A voluntary inter vivos transfer may be made, upon mutual 15 5 agreement of the United States and the Contractor, to a person eligible to hold title to the 16 6 land as a nonexcess landowner: 17 7 (2) A voluntary inter vivos transfer may be made to a person 18 8 ineligible to hold title to the land as a non-excess landowner provided that no Project 19 9 water may thereafter be used on excess lands and the assignee shall not be privileged to 20 10 obtain such use of Project water on excess. 21 11 (3) In the event the title of the Contractor to such land, or any 22 12 portion thereof, is transferred by operation of law, such as by conveyance in satisfaction 23 13 of a mortgage, by inheritance, or by devise, the rights and obligations of the Contractor 1 14 shall pass with the title and the land shall be subject to provisions of Reclamation law 2 15 pertaining to such transfers. Any transfer of the rights and obligations of this contract by 3 16 the person acquiring title by operation of law shall be in accordance with provisions of 4 17 subsection (1) or (2) above. (b) The Contractor shall notify the Contracting Officer in writing of 19 any proposed transfer of this contract. In addition, in the case of a partial assignment the 20 Contract shall: 21 (1) Designate the proportionate quantities of base supply and 22 Project water which it desires to assign; 1 (2) Furnish the United States with a copy of the deed 2 transferring title.

CONTRACT ASSIGNMENT OR TERMINATION UPON TRANSFER OF LAND. (a) The rights and obligations of the Contractor may be transferred in 12 8 connection with the transfer of title to the land or any portion thereof delineated on 13 Exhibit B on 9 the following terms and conditions: 14 10 (1) A voluntary inter vivos transfer may be made, upon mutual 15 11 agreement of the United States and the Contractor, to a person eligible to hold title to the 16 land as 12 a nonexcess landowner: 17 13 (2) A voluntary inter vivos transfer may be made to a person 18 ineligible 14 to hold title to the land as a non-excess landowner provided that no Project 19 water Water may thereafter 15 be used on excess lands Excess Lands and the assignee shall not be privileged to 20 obtain such use of Project water on excess.Project 21 17 (3) In the event the title of the Contractor to such land, or any 22 portion 18 thereof, is transferred by operation of law, such as by conveyance in satisfaction 23 of a mortgage, 19 by inheritance, or by devise, the rights and obligations of the Contractor 1 shall pass with the title 20 and the land shall be subject to provisions of Reclamation law 2 pertaining to such transfers. Any 21 transfer of the rights and obligations of this contract Settlement Contract by 3 the person acquiring title by 22 operation of law shall be in accordance with provisions of 4 subsection (1) or (2) above.