Assignment to Third Party. This Agreement is personal in nature and any rights or obligations hereunder may not be assigned by PetroReal to a third party without ORX's written consent being first obtained, Said written consent shall not be unreasonably withheld. In the event of an approved assignment, the assignee shall adopt and ratify the terms and conditions of this Agreement and shall become a party to the Operating Agreement.
Appears in 2 contracts
Sources: Participation Agreement, Participation Agreement (International PetroReal Oil CORP)