Supplier Assignment and Subcontracting. Supplier may not assign or delegate its rights or duties under this Agreement without the prior written consent of Teralon. Any attempted assignment in contravention of the foregoing restriction shall be void and of no effect. This Agreement shall inure to the benefit of and be binding upon Supplier and its permitted successors and assigns. Supplier shall not utilise subcontractors in the performance of its obligations hereunder without Teralon’s prior written consent. Teralon may revoke any consent at any time upon written notice to Supplier. Any subcontractors shall agree to be bound by the provisions of this Agreement to the same extent as Supplier. Without notifying Supplier, Teralon may contact such subcontractors directly at any time for inspection, payment, quality assurance or any other purpose. In such case, the amounts owed to Supplier under this Agreement shall be deemed reduced corresponding to the amounts paid to such subcontractors by Teralon. Notwithstanding the use of subcontractors, Supplier shall remain liable for the performance of its obligations and responsibilities hereunder, including any warranties provided herein.
Supplier Assignment and Subcontracting. Supplier may not assign or delegate its rights or duties under this Agreement without the prior written consent of Bloomberg [***] Any attempted assignment [***] in contravention of the foregoing restriction shall be void and of no effect. This Agreement shall inure to the benefit of and be binding upon Supplier and its permitted successors and assigns. [***] Supplier shall not utilize subcontractors in the performance of its obligations hereunder without Bloomberg’s prior written consent. Bloomberg may revoke any consent at any time upon written notice to Supplier. Any subcontractors shall agree to be bound by the provisions of this Agreement to the same extent as Supplier. Without notifying Supplier, Bloomberg may contact such subcontractors directly at any time for inspection, payment, quality assurance or any other purpose. In such case, the amounts owed to Supplier under this Agreement shall be deemed reduced corresponding to the amounts paid to such subcontractors by Bloomberg. Notwithstanding the use of subcontractors, Supplier shall remain liable for the performance of its obligations and responsibilities hereunder, including any warranties provided herein. Certain information in this document, marked by brackets and asterisks, has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K under the Securities Act of 1933, as amended, because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly disclosed.
