5.  ASSIGNMENT

5.1.  The benefit of and the rights of the Beneficiary under this Deed may be assigned without the consent of the Sub-Contractor on two occasions only to any person taking an assignment of the whole or substantial part of the Beneficiary's interest in the Agreement.

5.2.  In calculating the number of assignments for the purposes of clause 5.1 no account will be taken of assignments to a successor authority assuming the functions of the Beneficiary or assignments by way of security or by way of re-assignment on redemption.

5.3.  The Beneficiary will notify the Sub-Contractor in writing following any assignment specifying the name and address of the assignee and the date of the assignment.

5.4.  The Sub-Contractor will not contend that any such assignee is precluded from recovering any loss resulting from any breach of this Deed (whatever the date of such breach) by reason only that that person is an assignee and not the original Beneficiary hereunder or by reason that the original Beneficiary or any intermediate Beneficiary escaped any loss resulting from such breach by reason of the disposal of any interest in the Agreement or that the original Beneficiary or any intermediate Beneficiary has not suffered any or as much loss.