Assignment of Leasehold Interest. This ASSIGNMENT OF LEASEHOLD INTEREST (the “Assignment”) is hereby made as of , 20 , by and between the ANAHEIM REDEVELOPMENT AGENCY, a public body, corporate and politic (“Assignor”), XXXXXX ANAHEIM, LLC, a Delaware limited liability company (“Assignee”).
Assignment of Leasehold Interest. After completion of a producing well by OAK HILLS, QUINTON shall assign all of its right, title and interest in and to the wellbore only of the producing well subject to the terms of this Agreement and subject to a five percent (5%) carried working interest to the tanks. However, notwithstanding anything else herein contained, QUINTON shall deliver to OAK HILLS at least a 75% NRI in THE PROPERTY. Upon receipt of an assignment from QUINTON of all its working interest with a minimum of 75% NRI in THE PROPERTY, OAK HILLS shall assign to QUINTON the 5% working interest carried to the tanks. QUINTON shall also be entitled to an overriding royalty interest equal to the difference between the net revenue interest conveyed by QUINTON to OAK HILLS and 75%, if any. To the extent that the net revenue delivered by QUINTON is less than 75%, the carried working interest shall be reduced accordingly. In the event that QUINTON does not own 100% of THE PROPERTY, and OAK HILLS obtains additional working interest through its own efforts, said additional interests shall not be used in computing QUINTON'S right to a carried working interest and/or overriding royalty interest. After production is delivered to the tanks, QUINTON agrees to pay its share of the working interest expenses attributable to its 5% carried working interest should QUINTON be entitled to said carried interest under the terms of this Agreement.
Assignment of Leasehold Interest. Upon payment and completion of other considerations detailed in Section 2:
a. G2 will assign to HULL or its appointed representatives 5% of the total Working Interest in said lease(s), and 3.75% of the Net Revenue Interest for said leases(s).
x. XXXX or it appointed representative will transfer the appropriate funds in U.S. dollars to G2 of its appointed representative.
Assignment of Leasehold Interest. On and from settlement and subject to the provisions of this Contract:
(a) the Vendor as beneficial owner assigns its interest in the Lease and the Property to the Purchaser;
(b) the Vendor assigns its interest in all the covenants under the Lease, whether or not they concern or run with the Premises, to the Purchaser; and
(c) the Purchaser accepts the assignment and agrees to be bound by the Lease.
Assignment of Leasehold Interest. Lessor shall the option and privilege of assigning this lease to any person, firm, or corporation whomsoever at any time and from time to time, provided such assignee recognizes this lease and assumes all of Lessor’s obligations hereunder and Lessee shall upon request, acknowledge in writing the existence of such assignment.
Assignment of Leasehold Interest an assignment or transfer of leasehold right, title and interest within the meaning of the Transfer of Property Act, 1882.
Assignment of Leasehold Interest. SECI shall assign to Participant its Participation Interest in the lease(s) comprising the spacing unit for the applicable xxxxx in each instance no later than sixty (60) days following the rig release date; provided, however, that in the event Participant is required under the terms of its senior lending facility to assign such rights to such lender, such assignment shall be made as soon as reasonably practicable but no sooner than thirty (30) days following the rig release date. On the second anniversary of the date of this Agreement, SECI shall assign to Participant its Participation Interest in all of the lease(s) depicted on Exhibit “B” that are still in effect, to the extent not previously assigned to Participant.
Assignment of Leasehold Interest. Except as expressly provided for in Article Six and this Article Fourteen, the Corporation shall not have the right to sell or assign the leasehold estate created by this Ground Lease, or the other rights of the Corporation hereunder to any Person without the prior written consent of the Board.
Assignment of Leasehold Interest. The Transfer of Tenant’s rights and interest in this Lease without Landlord’s prior written consent, as set forth in Article XI.
Assignment of Leasehold Interest. Subject to Special Condition 3.3, with effect on and from Settlement:
(a) the Vendor assigns to the Purchaser the Leasehold Interest, and the Purchaser accepts that assignment on the terms and conditions of this Contract;
(b) the Purchaser covenants with the Vendor that the Purchaser will on and from Settlement perform and observe all the obligations of the lessee under the Lease;
(c) the Vendor covenants with the Purchaser that it will perform and observe all the obligations of the lessee under the Lease up to and including the Settlement Date; and
(d) the Purchaser indemnifies the Vendor on demand in respect of all Claims which may be incurred by, brought, made or recovered against the Vendor consequent on or arising directly or indirectly out of any default or delay by the Purchaser the performance of its obligations contained or implied under the Lease on and from Settlement.
