Assignment of Royalty Sample Clauses
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Assignment of Royalty. Holder may Transfer, pledge, hypothecate or otherwise convey this Agreement or all or any of its rights in the Royalty without any prior consent, provided such transferee or counterparty to such transaction agrees to be bound by the terms hereof and by all of the liabilities and obligations of Holder hereunder in the same manner and to the same extent as though such transferee was an original party hereto in the first instance, and upon delivery to BHMC and Grantor of such agreement to be bound, Holder shall be released from its obligations under this Agreement.
Assignment of Royalty. The Recipient may assign its rights and interest hereunder to any party if it provides written notice thereof to the Owner. The Owner hereby covenants and agrees that the obligations of the Owner to grant and make all payments pursuant to the NSR Royalty provided for hereunder may only be assigned as part of, and must always be assigned as part of, any sale, transfer, assignment or other disposition by the Owner (directly or indirectly) of the Mineral Rights (collectively, a “Sale”), including by lease or other similar transaction, to any other party (including any affiliate) and that the Owner shall ensure that such other party becomes bound to perform the obligations set out hereunder as if such party were the original obligor under this Agreement as a condition precedent to the completion of such Sale.
Assignment of Royalty. Royalty Owner may convey or assign any portion of its interest in the gross overriding royalty payable under the Agreement but the Grantor shall not become liable to make payments in respect of the gross overriding royalty to more than one person. If the interest of Royalty Owner hereunder is at any time owned by more than one person, such persons shall nominate one person to act as a common trustee for receipt of monies payable hereunder and to deal with the Grantor in respect of the said interests. In such event, Grantor shall thereafter make payments to and deal solely with such common trustee in respect of the said interest.
Assignment of Royalty. Grantee agrees that it will not make or accept any bona fide offer to sell or otherwise assign or transfer any interest in the royalty interest described in this Deed without first offering to sell or otherwise assign or transfer such rights to the Company on the same terms and conditions or on cash-equivalent terms and conditions. Grantee will give notice of any such offer to the Company in writing identifying the proposed purchaser and specifying the terms of the offer in full, and Grantee will keep such offer open for acceptance by the Company for at least 30 days from its receipt by the Company. If the Company fails to give notice of its acceptance of the offer within such 30-day period, Grantee will be free to make or accept such offer (or any like offer more favorably to Grantee) to such identified purchaser for a period of 90 days. Any proposed assignment or transfer after such 90-day period shall once again be subject to the rights of the Company as specified in this paragraph.