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Common use of Assignment by Participant Clause in Contracts

Assignment by Participant. The Participant shall not assign its rights under this Agreement in whole or in part without first obtaining the written consent of Grantor which consent may not be unreasonably withheld. Notwithstanding any assignment by the Participant, the Grantor will always look to the Participant for performance of any duties and obligations required to be carried out by the Participant under this Agreement during the Test Well phase of the Farmout Agreement, unless otherwise agreed to in writing by Grantor.

Appears in 4 contracts

Samples: Farmout Agreement (Cascade Energy, Inc.), Farmout Agreement (Cascade Energy, Inc.), Participation Agreement (Quest Oil Corp)

Assignment by Participant. The Participant shall not assign its rights under this Agreement in whole or in part without first obtaining the written consent of Grantor which consent may not be unreasonably withheld. Notwithstanding any assignment by the Participant, the Grantor will always look to the Participant for performance of any duties and obligations required to be carried out by the Participant under this Agreement during the Test Well earning phase of the Farmout Agreement, Agreement unless otherwise agreed to in writing by Grantor.

Appears in 1 contract

Samples: Participation Agreement (Quest Oil Corp)