Assignment by the Royalty Holder Clause Samples
Assignment by the Royalty Holder. The Royalty Holder may at any time, assign all or any part of the Royalty, including for an indefinite period or for a stated term of years or up to a specified dollar amount, provided that (i) the Royalty Holder shall provide written notice to the Company of the assignment, and (ii) unless such assignment is made upon the occurrence and continuation of a Royalty payment default by the Company, the aggregate additional amounts payable by the Company under Sections 12.1(a) or Section 12.1(b) shall be no greater than what they would have been if the interest of the initial Royalty Holder had not been sold, assigned or transferred. Nothing in this Section 8.2 shall in any way restrict or prevent the Royalty Holder from granting participation interests in the Royalty Holder’s interests, rights and obligations hereunder. If the Royalty Holder assigns part of the Royalty, the Royalty Holder and all such assignees must appoint a common administrative agent for payment, audit rights and notice under this Agreement.
Assignment by the Royalty Holder. The Royalty Holder may convey or assign all or any portion of the Gross Overriding Royalty, provided that such assignment will not be effective against JVCO until the assignee has delivered to JVCO, a written and enforceable undertaking, whereby such assignee agrees to be bound, to the extent of the interest assigned, by all of the, terms and conditions of this Agreement.
Assignment by the Royalty Holder. The Royalty Holder may sell, transfer, grant, assign or otherwise dispose of all or part of its rights and interests under this Royalty Agreement (an “Assignment”), provided that no Assignment shall be to a Sanctioned Person or to [***]. [***].
Assignment by the Royalty Holder. The Royalty Holder may sell all or any undivided portion of the Royalty payable either for a stated term of years or up to a specified dollar amount (a “Royalty Right”), provided that such sale will not be effective against the Owner and Pillar:
(a) unless the Royalty Holder has first offered the Royalty Right to Pillar and Pillar has not exercised its right to purchase it pursuant to section 4.2; and
(b) until the assignee has delivered to the Owner a written and enforceable undertaking, whereby such assignee agrees to be bound, to the extent of the interest assigned, by all of the terms and conditions of this Agreement. The Royalty Holder may not otherwise convey, assign or otherwise dispose of any of the Royalty.
Assignment by the Royalty Holder. The Royalty Holder may convey or assign all or any undivided portion of the Net Smelter Returns Royalty payable either for a stated term of years or up to a specified dollar amount, provided that such assignment shall not be effective against the Payor until the assignee has delivered to the Payor a written and enforceable undertaking, whereby such assignee agrees to be bound, to the extent of the interest assigned, by all of the terms and conditions of this Agreement.
Assignment by the Royalty Holder. Subject to Sections 5.2 and 5.3 of the Agreement, the Royalty Holder may not, at any time, without the consent of the Owner transfer by way of assignment or novation all or any of its rights, benefits and obligations under the Agreement to any person or persons.
Assignment by the Royalty Holder. (a) The Royalty Holder may not convey, assign, transfer or dispose of any or all of the Royalty provided under this Agreement to any third party other than (i) to an Acceptable Transferee and (ii) provided that such Acceptable Transferee has first delivered to the Owner a written and enforceable assumption and acknowledgment of acceptance of all (and not less than all of) the Royalty on the terms and conditions herein detailed in this Agreement.
Assignment by the Royalty Holder. The Royalty Holder may convey or assign all or any undivided portion of the Royalty payable either for a stated term of years or up to a specified dollar amount, provided that such assignment will not be effective against the Owner until the assignee has delivered to the Owner a written and enforceable acknowledgment on the terms and conditions herein detailed.