Assignment Subcontracting and Changes in Control Sample Clauses

Assignment Subcontracting and Changes in Control. 59.1 Project Co Assignment (a) Project Co shall not assign, transfer, charge, dispose of or otherwise alienate any interest in this Project Agreement, any of the Contracts or any agreement entered into in connection with this Project Agreement without the prior written consent of the City in its Discretion, provided however that no assignment, transfer, charge, disposition or other alienation shall be permitted to a person where that person or its Affiliate is a Restricted Person or a person whose standing or activities: (i) are inconsistent with the City’s role (in the City’s reasonable opinion); (ii) may compromise the reputation or integrity of the City and/or any City Party; or (iii) are inconsistent with the nature of the City or the Project; so as to negatively affect public perception of the City or the Project. Section 59.1 (a) shall not apply to the grant of any security for any loan made to Project Co under the Lending Agreements provided that any grantee of such security shall enter into the Lenders’ Direct Agreement in relation to the exercise of its rights, if the City so requires.