Assignment by Producer Sample Clauses

Assignment by Producer. This Agreement and all rights hereunder may be assigned or transferred by the Producer at any time provided that the Producer's assignee agrees to expressly honour the terms and conditions of this Agreement.

Assignment by Producer. The Producer may only assign or transfer his, her, or its delivery rights under this Agreement, to a Class A Member or an associate of USPB upon notification and acceptance by USPB. No assignment or transfer may occur without the prior written consent of USPB, and then only to a producer who is a Class A Member or associate.

Assignment by Producer. If Producer or any successor or assign shall sell, convey, assign, encumber or otherwise transfer or dispose of in any manner whatsoever any interest in the Minerals (other than sales in the ordinary course of Producer’s business) or the Property or any Minerals sale contracts (any of which is referred to in this Section as a “Transfer”), then, as a condition to the effectiveness of such Transfer, Producer shall make such Transfer expressly subject to the Royalty and shall obtain the written acknowledgement of the transferee of IRC’s Royalty and, for Transfers other than an encumbrance, shall require the transferee to expressly assume the obligations of Producer with respect to events and conditions occurring after the Transfer and to pay the Royalty accruing after the Transfer according to its terms. Upon the assumption of by the transferee of the foregoing obligations of Producer hereunder, Producer shall be released from performance of all obligations under this Agreement which arise after the Transfer, except that Producer shall not be deemed released from the performance of any obligations which relate to the period prior to the Transfer, for which Producer shall remain primarily liable. Any Transfer in violation of this Section shall be void and ineffective as between IRC and the Producer.

Assignment by Producer. The Producer has the right at any time to assign, transfer, farmout, exchange, sell or otherwise dispose its rights and obligations in the Satellite Leases and this Agreement in whole or in part (other than the granting of liens or security interests to secure other obligations or indebtedness of the Producer) (“Transfer of Interest”) without the prior written consent of the Magnolia Owners only under the following circumstances: (a) There shall continue to be a single Satellite Operator of the Satellite Leases and the Satellite Production System; (b) 12 ************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** ******************************************************************************************** 12 CONFIDENTIAL TREATMENT HAS BEEN REQUESTED BY C▇▇▇▇▇ PETROLEUM COMPANY FOR CERTAIN PORTIONS OF THIS DOCUMENT. CONFIDENTIAL PORTIONS HAVE BEEN FILED SEPARATELY WITH THE SECURITI...