Limitations on Free Transferability. Any Transfer by either Participant under Section 15.1 shall be subject to the following limitations: (a) Neither Participant shall Transfer any interest in this Agreement or the Assets (including, but not limited to, any royalty, profits, or other interest in the Products) except in conjunction with the Transfer of part or all of its Participating Interest; (b) No transferee of all or any part of a Participant’s Participating Interest shall have the rights of a Participant unless and until the transferring Participant has provided to the other Participant notice of the Transfer, and, except as provided in Subsections 15.2(f) and 15.2(g), the transferee, as of the effective date of the Transfer, has committed in writing to assume and be bound by this Agreement to the same extent as the transferring Participant;
Appears in 2 contracts
Sources: Mine Operating and Improvements Agreement (Americas Gold & Silver Corp), Mine Development and Operating Agreement (Apollo Gold Corp)
Limitations on Free Transferability. Any Transfer by either Participant under Section 15.1 SECTION 16.1 shall be subject to the following limitations:
(a) Neither Participant shall Transfer any interest in this Agreement or the Assets (including, but not limited to, any royalty, profits, or other interest in the Products) except in conjunction with the Transfer of part or all of its Participating Interest;
(b) No transferee of all or any part of a Participant’s 's Participating Interest shall have the rights of a Participant unless and until the transferring Participant has provided to the other Participant notice of the Transfer, and, except as provided in Subsections 15.2(fSUBSECTIONS 16.2(G) and 15.2(g16.2(H), the transferee, as of the effective date of the Transfer, has committed in writing to assume and be bound by this Agreement to the same extent as the transferring Participant;
Appears in 2 contracts
Sources: Agreement (Golden Phoenix Minerals Inc /Mn/), Agreement (Gryphon Gold Corp)
Limitations on Free Transferability. Any Transfer by either Participant under Section 15.1 16.1 shall be subject to the following limitations:
(a) Neither Participant shall Transfer any interest in this Agreement or the Assets (including, but not limited to, any royalty, profits, or other interest in the Products) except in conjunction with the Transfer of part or all of its Participating Interest;
(b) No transferee of all or any part of a Participant’s 's Participating Interest shall have the rights of a Participant unless and until the transferring Participant has provided to the other Participant notice of the Transfer, and, except as provided in Subsections 15.2(f16.2(g) and 15.2(g16.2(h), the transferee, as of the effective date of the Transfer, has committed in writing to assume and be bound by this Agreement to the same extent as the transferring Participant;
Appears in 1 contract
Sources: Exploration, Development and Mine Operating Agreement (Royal Gold Inc /De/)
Limitations on Free Transferability. Any Transfer by either Participant under Section 15.1 16.1 shall be subject to the following limitations:
(a) Neither Participant shall Transfer any interest in this Agreement or the Assets (including, but not limited to, any royalty, profits, or other interest in the Products) except in conjunction with the Transfer of part or all of its Participating Interest;
(b) No transferee of all or any part of a Participant’s Participating Interest shall have the rights of a Participant unless and until the transferring Participant has provided to the other Participant notice of the Transfer, and, except as provided in Subsections 15.2(f16.2(g) and 15.2(g16.2(h), the transferee, as of the effective date of the Transfer, has committed in writing to assume and be bound by this Agreement to the same extent as the transferring Participant;
Appears in 1 contract
Sources: Exploration, Development and Mine Operating Agreement (Thompson Creek Metals CO Inc.)