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.
Appears in 2 contracts
Sources: Letter Agreement Option to Joint Venture (De Beira Goldfields Inc.), Letter Agreement Option to Joint Venture (De Beira Goldfields Inc.)