Termination and Assignment definition

Termination and Assignment. At any time prior to the parties agreeing on the Estimate of Construction Cost (in Phase II of the Agreement) the Owner may elect not to proceed further under this agreement. Such an election must be given in writing. If requested by the Owner, KDA agrees to assign its contractual agreement with the Architect to the Owner to provide Architectural and Engineering Services for the project. This assignment would be made on the condition that the Owner shall:
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Related to Termination and Assignment

  • Addendum and Assignment Agreement The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer.

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • Assignment and Assumption Agreements means each of the Assignment and Assumption Agreements to be executed between a Trustee and trustee of the relevant Successor Trust in accordance with the relevant Trust Agreement, as the same may be amended, modified or supplemented from time to time.

  • Permitted Assignment means a Permitted Subsidiary Assignment or a Permitted Third-Party Assignment.

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.