Common use of BUSINESS STRUCTURE AND ASSIGNMENTS Clause in Contracts

BUSINESS STRUCTURE AND ASSIGNMENTS. Neither Artist nor HAA shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in §9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Artist and HAA shall immediately furnish the HAA and City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Neither HAA nor Artist shall not delegate any portion of its performance under this Contract without the HAA’s prior written consent after confirmation from the Director. Any merger or reorganization of HAA pursuant to a City- approved plan shall not be deemed to be an assignment. Such surviving entity shall be deemed to be the legal successor of the HAA.

BUSINESS STRUCTURE AND ASSIGNMENTS. Neither Artist nor HAA shall not assign this Contract at law or otherwise or dispose of all or substantially all of its assets without the Director’s prior written consent. Nothing in this clause, however, prevents the assignment of accounts receivable or the creation of a security interest as described in §9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Artist and HAA XXX shall immediately furnish the HAA and City with proof of the assignment and the name, telephone number, and address of the Assignee and a clear identification of the fees to be paid to the Assignee. Neither HAA nor Artist shall not delegate any portion of its performance under this Contract without the HAA’s prior written consent after confirmation from the Director. Any merger or reorganization of HAA pursuant to a City- approved plan shall not be deemed to be an assignment. Such surviving entity shall be deemed to be the legal successor of the HAA.