Common use of Amendment and Waiver of Provisions in Title and Operating Documents Clause in Contracts

Amendment and Waiver of Provisions in Title and Operating Documents. The Grantor covenants to and in favour of the Royalty Owner that, except as provided in Section 9.1, the Grantor shall not, without the written consent of the Royalty Owner, which consent shall not be unreasonably withheld or delayed, agree to the amendment or termination of any Title and Operating Documents or waive or consent to a departure from the performance by any Person of that Person’s obligations pursuant to any Title and Operating Documents, where such amendment, waiver or consent to departure may reasonably be expected to have a material, Table of Contents adverse effect on the Royalty or the rights and obligations of the Royalty Owner in respect of the Royalty, provided, however, that acts or omissions by any Person, including operators, beyond the reasonable control of the Grantor and without the specific authorization of the Grantor, shall not constitute a breach of this Section 5.3.

Appears in 2 contracts

Samples: Royalty Agreement, Royalty Agreement (Paramount Energy Trust)

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Amendment and Waiver of Provisions in Title and Operating Documents. The Grantor covenants to and in favour of the Royalty Owner that, except as provided in Section 9.1, the Grantor shall not, without the written consent of the Royalty Owner, which consent shall not be unreasonably withheld or delayed, agree to the amendment or termination of any Title and Operating Documents or waive or consent to a departure from the performance by any Person of that Person’s obligations pursuant to any Title and Operating Documents, where such amendment, waiver or consent to departure may reasonably be expected to have a material, Table of Contents adverse effect on the Royalty or the rights and obligations of the Royalty Owner in respect of the Royalty, provided, however, that acts or omissions by any Person, including operators, beyond the reasonable control of the Grantor and without the specific authorization of the Grantor, shall not constitute a breach of this Section 5.3.

Appears in 1 contract

Samples: Royalty Agreement (Paramount Energy Trust)

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Amendment and Waiver of Provisions in Title and Operating Documents. The Grantor covenants to and in favour of the Royalty Owner that, except as provided in Section 9.1, the Grantor shall not, without the written consent of the Royalty Owner, which consent shall not be unreasonably withheld or delayed, agree to the amendment or termination of any Title and Operating Documents or waive or consent to a departure from the performance by any Person of that Person’s 's obligations pursuant to any Title and Operating Documents, where such amendment, waiver or consent to departure may reasonably be expected to have a material, Table of Contents adverse effect on the Royalty or the rights and obligations of the Royalty Owner in respect of the Royalty, provided, however, that acts or omissions by any Person, including operators, beyond the reasonable control of the Grantor and without the specific authorization of the Grantor, shall not constitute a breach of this Section 5.3.

Appears in 1 contract

Samples: Royalty Agreement (Paramount Energy Trust)

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