Common use of TRANSFER AND SUBCONTRACTING Clause in Contracts

TRANSFER AND SUBCONTRACTING. The Contractor shall not assign or transfer the Contract or specific rights or obligations under it without the Fund’s prior written consent. The Contractor shall obtain the Fund’s written consent prior to entering into a subcontract for engaging a subcontractor for the performance of any part of the Services. Where the Fund has consented to subcontracting, copies of each sub-contract shall, at the request of the Fund, be sent by the Contractor to the Fund as soon as reasonably practicable. Notwithstanding the foregoing, the Contractor shall be solely liable to the Fund for the work of the subcontractors. The Fund shall be entitled, in its sole discretion, to review the qualifications of any subcontractors and to reject any proposed subcontractor that the Fund reasonably considers is not qualified to perform obligations under the Contract. Any rejection or request for removal of a subcontractor by the Fund shall not, in and of itself, entitle the Contractor to claim any Delays in the performance, or to assert any excuses for the non-performance, of any of its obligations under the Contract.