NO ASSIGNMENT BY SUBCONTRACTOR. It is agreed that no part of this Subcontract will be assigned or delegated by Subcontractor without written approval of XXXXX CONTRACTORS, LLC.
NO ASSIGNMENT BY SUBCONTRACTOR. Subcontractor’s rights and obligations to Builder and each Project Owner under this Agreement or any Additional Work Amendment are non-transferable and non-assignable, and Subcontractor shall not assign all or any part of the work without obtaining the prior written consent of Builder, which consent may be withheld in Builder’s sole and absolute discretion. Subject to the restrictions and prohibitions on assignment set forth in this Section, each and all of the covenants and conditions of this Agreement will inure to the benefit of and be
NO ASSIGNMENT BY SUBCONTRACTOR. To the fullest extent permitted by law, Subcontractor agrees that it shall not assign, sell, transfer, delegate, or encumber any rights, duties, or obligations arising under this Contract, including, but not limited to, any right to receive payments hereunder, without the prior written consent of Contractor in Contractor’s sole and reasonable discretion, and the giving of any such consent to a particular assignment shall not dispense with the necessity of such consent to any further or other assignments. In the event Subcontractor assigns, purports to assign, sells, encumbers or otherwise transfers its right to any monies due or to become due under this Contract as security for any loan, financing, or other indebtedness (hereinafter “Assignment”), notification to Contractor of such Assignment must be sent by certified mail, return receipt requested, to the Nabholz Controller, and the Assignment shall not be effective as against Contractor until Contractor provides its written consent to such Assignment. Subcontractor agrees that any such Assignment shall not relieve the Subcontractor of any of its agreements, duties, responsibilities, or obligations under this Contract and the Contract Documents and shall not create a contractual relationship or a third-party beneficiary relationship of any kind between Contractor and such assignee or transferee. Subcontractor further agrees that all Contractor’s defenses and claims arising out of this Contract with respect to such Assignment are reserved unless expressly waived in writing by a duly authorized corporate officer. Subcontractor xxxxxx agrees to indemnify and hold harmless Contractor from and against any and all loss, cost, expense, or damages Contractor or Owner has or may sustain or incur in connection with such Assignment.
NO ASSIGNMENT BY SUBCONTRACTOR. The Subcontractor shall neither assign this SUBCONTRACT nor any amounts due or to become due hereunder without the written consent of the Contractor, nor subcontract the whole of the SUBCONTRACT, or any portion thereof, without the written consent of the Contractor.
