Common use of Assignment of Construction Contracts Clause in Contracts

Assignment of Construction Contracts. Upon a mutual determination by the Parties that all of the P66 Parties’ obligations have been satisfied and no P66 Party has any further Liability under the Construction Contracts, the P66 Parties shall, or shall cause their Subsidiaries to, assign the Construction Contracts to ▇▇▇▇▇▇ Frac LLC, unless assignment automatically occurs as a matter of law.

Assignment of Construction Contracts. Upon a mutual determination by the Parties that all of the P66 Parties’ Company’s obligations have been satisfied satisfied, and that P66 Company has no P66 Party has any further Liability Liability, under the Construction Contracts, the P66 Parties Company shall, or shall cause their its Subsidiaries to, assign the Construction Contracts to ▇▇▇▇▇▇ Frac LLC, unless assignment automatically occurs as a matter of lawthe Partnership.