Common use of BUSINESS STRUCTURE AND ASSIGNMENTS Clause in Contracts

BUSINESS STRUCTURE AND ASSIGNMENTS. 6.16.1 Architect/Engineer 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 Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Architect/Engineer shall immediately furnish the 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.

BUSINESS STRUCTURE AND ASSIGNMENTS. 6.16.1 Architect/Engineer 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 Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Architect/Engineer shall immediately furnish the 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.

BUSINESS STRUCTURE AND ASSIGNMENTS. 6.16.1 Architect/Engineer 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 Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Architect/Engineer shall immediately furnish the 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.

BUSINESS STRUCTURE AND ASSIGNMENTS. 6.16.1 Architect/Engineer 17.1 Contractor shall not assign this Contract Agreement 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 under Section 9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Architect/Engineer Contractor shall immediately furnish the 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.

BUSINESS STRUCTURE AND ASSIGNMENTS. 6.16.1 Architect/Engineer 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 Section §9.406 of the Texas Business & Commerce Code. In the case of such an assignment, Architect/Engineer shall immediately furnish the 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.