Assignment of Option Agreement. For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by Assignor, Assignor does hereby assign, grant, bargain, sell, convey, transfer and deliver to Assignee, and its successors and assigns, all of Assignor’s right, title and interest in, to and under the Option Agreement.
Assignment of Option Agreement. Gold-Eagle hereby sells, assigns, transfers and conveys to Assignee all of Gold-Eagle’s right, title and interest in, to and arising out of an Option Agreement dated May 26, 2006 to purchase real estate from Xxxxx Xxxxxx and Xxxxxxx Xxxxxx, a copy of which is marked Exhibit “A” attached hereto and made a part hereof.
Assignment of Option Agreement. (a) Tenant represents to Landlord that, as of the Effective Date, Tenant has the right and option to acquire legal title to the Premises pursuant to that certain Option Agreement and Agreement of Sale, dated as of July 26, 2007, by and between Mine Safety Appliances Company (“MSA”), as seller, and Tenant, as buyer (as the same has heretofore or hereafter been amended, the “Option Agreement”); which Option Agreement shall, in accordance with the terms hereof, be assigned by Tenant to Landlord; provided, however, that in the event that the Option Agreement is not so assigned by Tenant to Landlord on or before September 30, 2009, either party shall have the right and option, upon ten (10) days’ written notice to the other, to terminate this Lease, whereupon the parties shall have no further obligations hereunder. Subject to the terms and conditions set forth at Section 2.2(b) below, in the event that Tenant fails or refuses to assign the Option Agreement to Landlord in accordance with the terms hereof despite Landlord’s written request that such assignment be effectuated, then: (i) upon any termination of this Lease in accordance with this Section 2.2(a), Tenant shall be obligated to reimburse Landlord for all of Landlord’s reasonable out-of-pocket costs and expenses actually incurred in connection with its preparation and negotiation of this Lease, including without limitation all reasonable attorney and other professional fees; or (ii) Landlord shall otherwise be entitled to institute, at Tenant’s sole cost and expense, an action for specific performance to compel Tenant’s assignment of the Option Agreement. Landlord agrees that, as of the Effective Date, Tenant is attempting to amend the Option Agreement to, inter alia, accelerate the Closing Date to five (5) days (or such other number of days as agreeable to MSA and less than 75) following the Buyer’s exercise of the Option (as such capitalized terms are defined in the Option Agreement) and Landlord hereby agrees to such accelerated Closing Date.
(b) The obligation of Tenant to assign the Option Agreement to Landlord is contingent upon Landlord, on or prior to such assignment, (i) having received from Landlord evidence of Landlord’s ability to acquire the Land and to construct the Improvements and Tenant Improvements, which evidence shall be reasonably acceptable to Tenant; and (ii) having entered into a construction contract with Xxxxxx Construction Company for the construction of the Improvements and th...
Assignment of Option Agreement. (a) Allied hereby irrevocably assigns the Option Agreement to Buyer on the terms and conditions described herein and contingent on receipt of the Promissory Note described in Section 3.2.
(b) Shareholder consents to the assignment of the Option Agreement from Allied to Buyer on the terms and conditions described herein.
Assignment of Option Agreement. Seller hereby irrevocably and unconditionally assigns to Buyer all of Seller’s right, title and interest into, to and under the Option Agreement, which assignment shall constitute an absolute and present assignment of Seller’s rights thereunder; provided, however, that (i) Buyer agrees that it shall not exercise the option provided in the Option Agreement to purchase the Property unless and until a default by Seller has occurred under this Contract and is continuing and (ii) if Buyer elects to exercise such option and closes on the purchase of the Property pursuant to the Option Agreement, Buyer shall pay to the option or the purchase price for the Property provided in the Option Agreement (the “Option Price”) and shall pay to Seller the excess, if any, of the Purchase Price over the Option Price, subject to any adjustments provided in this Contract. Seller shall not amend, supplement, further assign or terminate the Option Agreement and shall take all necessary action to keep the same in full force and effect until the Closing under this Contract. Any exercise by Buyer of the option provided in the Option Agreement shall not modify or otherwise affect any of the terms and conditions of this Contract or any of Buyer’s rights or Seller’s obligations hereunder.
Assignment of Option Agreement. Animas hereby agrees to sell, transfer, assign and convey unto Pilot Gold USA, its successors and assigns, all of Animas' right, title and interest in and to the Option Agreement, pursuant to an Assignment in the form attached hereto as Exhibit B and incorporated herein by reference (the "Assignment"). The Parties shall execute and deliver the Assignment as of the Effective Date, and Pilot Gold may record the Assignment in the official records of Elko County.
Assignment of Option Agreement. Golden Spike irrevocably assigns, grants, transfers and quit claims to and in favor of Cxxxxxxx Canyon, as and from the Effective Date, the following:
Assignment of Option Agreement. Optionee may assign this Option Agreement and any or all of its rights, interest and obligations under this Option Agreement to an entity owned directly or indirectly by Optionee at any time prior to exercise. The Company may not assign its rights or delegate its duties hereunder without the prior written consent of Optionee.
Assignment of Option Agreement. 1.1 Party A hereby transfers the Option Agreement and assigns all rights and obligations under Option Agreement to Party B, and Party B hereby accepts such assignment and transfer (the “Assignment”).
1.2 Party C and Party D hereby acknowledge this Assignment.
Assignment of Option Agreement. Subject to the terms and conditions of the Camarillo Acquisition Agreement and this Assignment, Assignor hereby assigns and transfers to Assignee all of Assignor’s rights, title, claims and interests in and to (i) the Option and the Option Agreement, and (ii) all xxxxxxx money deposits and other sums paid or deposited into escrow or to Optionor by (or on behalf of) Assignor in connection with the Option Agreement.
