Common use of Transfers of Interests Clause in Contracts

Transfers of Interests. (a) Any transfer of interest in the property and the joint venture agreement will be subject to a right of first offer of the other participant substantially in the form set forth in the Option Agreement under the heading “Right of First Offer”. Such a transfer cannot be made without the consent of the other party, which consent cannot be unreasonably withheld, and is subject to the transferee agreeing to be bound by the terms of the Joint Venture Agreement. (b) No encumbrances of any interest will be permitted except for financing of development and then subject to the joint venture agreement.

Transfers of Interests. (a) Any transfer of interest in the property and the joint venture agreement will be subject to a right of first offer of the other participant substantially in the form set forth in the Option Agreement under the heading “Right of First Offer“ Transfers”. Such a transfer cannot be made without the consent of the other party, which consent cannot be unreasonably withheld, and is subject to the transferee agreeing to be bound by the terms of the Joint Venture Agreement. (b) No encumbrances of any interest will be permitted except for financing of development and then subject to the joint venture agreement.

Transfers of Interests. (a) Any transfer Transfers of interest interests in the property and the joint venture agreement will be subject to a right of first offer refusal of the other participant substantially in the form set forth in the Option Agreement under the heading “Right of First Offer”. Such a transfer participant, cannot be made without the consent of the other party, which consent cannot be unreasonably withheld, and is subject to the transferee agreeing to be bound by the terms of the Joint Venture Agreement. (b) No encumbrances of any interest will be permitted except for financing of development and then subject to the joint venture agreement.agreement and the operator's lien

Transfers of Interests. (a) Any transfer of interest in the property and the joint venture agreement will be subject to a right of first offer of the tie other participant substantially in the form set forth in the Option Agreement under the heading “Right of First Offer”. ” Such a transfer cannot be made without the consent of the other party, which consent cannot be unreasonably withheld, and is subject to the transferee agreeing to be bound by the terms of the Joint Venture Agreement., (b) No encumbrances of any interest will be permitted except for financing of development and then subject to the joint venture agreement.

Transfers of Interests. (a) Any transfer of interest in the property and the joint venture agreement will be subject to a right of first offer of the other participant substantially in the form set forth in the Option Agreement under the heading “Right of First OfferTransfers”. Such a transfer cannot be made without the consent of the other party, which consent cannot be unreasonably withheld, and is subject to the transferee agreeing to be bound by the terms of the Joint Venture Agreement. (b) No encumbrances of any interest will be permitted except for financing of development and then subject to the joint venture agreement.