Assignment by Maha-Metro Sample Clauses
The 'Assignment by Maha-Metro' clause defines the right of Maha-Metro to transfer its rights and obligations under the contract to another party. Typically, this clause allows Maha-Metro to assign the contract without needing the contractor's consent, which may apply in cases such as government restructuring, project financing, or transferring operations to a subsidiary or third party. Its core practical function is to provide Maha-Metro with flexibility in managing contractual relationships and project delivery, ensuring that operational or administrative changes do not hinder the progress or enforcement of the contract.
Assignment by Maha-Metro. 30.3.1 Notwithstanding anything to the contrary contained in this Agreement, Maha-Metro may, after giving 60 (sixty) days’ notice to the Concessionaire, assign and/ or transfer any of its rights and benefits and/or obligations under this Agreement to an assignee who is, in the reasonable opinion of Maha-Metro, capable of fulfilling all of Maha- Metro’s then outstanding obligations under this Agreement.