Common use of Seller’s Right to Assign Clause in Contracts

Seller’s Right to Assign. The Seller may assign all of its rights in whole or in part and delegate its obligations under this Contract to any Affiliate; provided, however, that (a) the Seller shall notify the Buyer of its intent to assign no less than ten (10) days prior to the execution of any such assignment; (b) the General Electric Company shall (subject to the limitations set forth in Article 24) guarantee the obligations of the assignee by executing a guaranty in a form acceptable to the Buyer; (c) such Affiliate shall possess sufficient technical expertise and experience to perform the Seller’s obligations under this Contract in the reasonable opinion of the Buyer; and (d) General Electric Company shall remain the single point of contact for the Buyer under this Contract.