Common use of AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS Clause in Contracts

AGREEMENT BINDING AND ASSIGNMENT LIMITATIONS. This Agreement shall be binding upon DFCM, A/E, and their respective partners, employees, agents, joint ventures, successors and assigns. Neither the performance of this Agreement, a right or claim, nor any part thereof including any monies to be paid, may be assigned by the A/E or DFCM without the prior written consent and approval of the other party. The DFCM may assign this Agreement to an institutional lender providing financing for the Project. In such event, the lender shall assume the DFCM’s rights and obligations under this Agreement. The A/E shall execute all consents reasonably required to facilitate such assignment.