Platform Subcontract Assignment Sample Clauses

Platform Subcontract Assignment. The Purchase and Sale Contract between Surrey Satellite Technology Limited and DBS Industries Incorporated, of March 31, 1999 as amended is assigned by these parties to the Contractor as provided for in the Assignment Agreement to be executed by these parties and the Contractor. The Satellite Platform Subcontract has been assigned to the Contractor by DBSI and the Subcontractor pursuant to the Assignment Agreement executed by all the parties. The original Subcontract price, between DBSI and the Subcontractor (SSTL), was [Redacted] MUSD. Only [Redacted] $ will be assigned to the Contractor and [Redacted] $ will remain with DBSI to continue for the Subcontractor to provide engineering support and will be handled with a purchase order issued by DBSI. [Redacted] MUSD have already been paid by DBSI to the Subcontractor. In the event that the Contractor needs to terminate or substitute the Satellite Platform Subcontract, the Contractor shall consult with DBSI and, subject to DBSI's approval, which shall not be unreasonably withheld or unduly delayed, shall replace such Subcontractor with an entity with substantially equal qualifications and capabilities. Notwithstanding anything else to the contrary, if Contractor elects to terminate this Agreement pursuant to Article 21.2(vi), then the Assignment Agreement for the Satellite Platform Subcontract shall revert back to DBSI.