Common use of Subcontractors’ Guarantees Clause in Contracts

Subcontractors’ Guarantees. The Builder shall - upon the Buyer’s request - assign to the Buyer any rights the Builder may have against any Subcontractors, including any right to pursue any claim under the relevant subcontract. In the event of any such assignment, any liability the Builder had to the Buyer in respect of the work, equipment or other subject matter of the relevant subcontract shall be released to the extent of any recovery actually received by Buyer from such Subcontractor. The Builder shall endeavour to have provisions in the subcontracts whereby the Buyer may claim against the Subcontractor directly.

Subcontractors’ Guarantees. The Builder shall - — upon the Buyer’s request - — assign to the Buyer any rights the Builder may have against any Subcontractors, including any right to pursue any claim under the relevant subcontract. In This provision shall in no way alter or diminish the event of any such assignment, any liability Builder’s obligations under the Builder had to the Buyer in respect of the work, equipment or other subject matter of the relevant subcontract shall be released to the extent of any recovery actually received by Buyer from such SubcontractorContract. The Builder shall endeavour to have provisions in the subcontracts whereby the Buyer may claim against the Subcontractor directly.

Subcontractors’ Guarantees. The Builder shall - upon the Buyer’s request - assign to the Buyer any rights the Builder may have against any Subcontractors, including any right to pursue any claim under the relevant subcontract. In This provision shall in no way alter or diminish the event of any such assignment, any liability Builder’s obligations under the Builder had to the Buyer in respect of the work, equipment or other subject matter of the relevant subcontract shall be released to the extent of any recovery actually received by Buyer from such SubcontractorContract. The Builder shall endeavour to have provisions in the subcontracts whereby the Buyer may claim against the Subcontractor directly.

Subcontractors’ Guarantees. The Builder shall - upon the Buyer’s 's request - assign to the Buyer any rights the Builder may have against any Subcontractors, including any right to pursue any claim under the relevant subcontract. In This provision shall in no way alter or diminish the event of any such assignment, any liability Builder's obligations under the Builder had to the Buyer in respect of the work, equipment or other subject matter of the relevant subcontract shall be released to the extent of any recovery actually received by Buyer from such SubcontractorContract. The Builder shall endeavour to have provisions in the subcontracts whereby the Buyer may claim against the Subcontractor directly.