Common use of Assignability of Subcontracts to Owner Clause in Contracts

Assignability of Subcontracts to Owner. Each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, (i) each Subcontractor will continue its portion of the Work as may be requested by the Owner and (ii) such agreement permits assignment thereof without penalty to the Owner and, in order to create security interests, to the Other Vendors, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each Vendor shall use reasonable efforts to have each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, otherwise then: (i) each Subcontractor will shall continue its portion of the Work as may be requested by the Owner Owner; and (ii) such agreement permits assignment thereof without penalty to the Owner and, in order to create security interests, to the Other Vendorsthird parties designated by Owner, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each Vendor shall use reasonable efforts to have each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, (i) each Subcontractor will shall continue its portion of the Work as may be requested by the Owner and (ii) such agreement permits assignment thereof without penalty to the Owner and, in order to create security interests, to the Other Vendorsthird parties designated by Owner, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each Vendor shall use -------------------------------------- reasonable efforts to have each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, (i) each Subcontractor will shall continue its portion of the Work as may be requested by the Owner and (ii) such agreement permits assignment thereof may be assumed without penalty to the Owner and, in order to create security interests, may be assigned by Owner to the Other Vendorsthird parties designated by Owner, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each agreement between the -------------------------------------- Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, (i) each Subcontractor will continue its portion of the Work as may be requested by the Owner and (ii) such agreement permits assignment thereof without penalty to the Owner and, in order to create security interests, to the Other Vendors, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each Vendor shall use -------------------------------------- reasonable efforts to have each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, (i) each Subcontractor will shall continue its portion of the Work as may be requested by the Owner and (ii) such agreement permits assignment thereof without penalty to the Owner and, in order to create security interests, to the Other Vendorsthird parties designated by Owner, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each Vendor shall use reasonable efforts to have each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, (i) each Subcontractor will shall continue its portion of the Work as may be requested by the Owner and (ii) such agreement permits assignment thereof may be assumed without penalty to the Owner and, in order to create security interests, may be assigned by Owner to the Other Vendorsthird parties designated by Owner, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.

Assignability of Subcontracts to Owner. Each Vendor shall use -------------------------------------- reasonable efforts to have each agreement between the Vendor and a Subcontractor must contain a provision stating that, in the event that the Vendor is terminated for cause, convenience, abandonment of this Contract or otherwise, otherwise then: (i) each Subcontractor will shall continue its portion of the Work as may be requested by the Owner Owner; and (ii) such agreement permits assignment thereof without penalty to the Owner and, in order to create security interests, to the Other Vendorsthird parties designated by Owner, in either case at the option of the Owner and for the same price and under the same terms and conditions as originally specified in such Subcontractor's agreement with the Vendor.