Assignments by Grantee Sample Clauses

Assignments by Grantee. Grantee's interest in the Production Payment may not be transferred except in compliance with this section. Any Grantee and any Permitted Assign (as hereinafter defined) shall have the right to sell, assign, transfer or convey its interest in the Production Payment, in whole or in part (and either absolutely or by mortgage or other security instrument), at any time; provided that: (a) no change of ownership or right to receive payment of the Production Payment or of any part thereof, however accomplished, shall be effective or binding upon Grantor until notice thereof, including the Percentage Share and address of the transferee, shall have been registered with Grantor by the transferor and by the transferee (which transferee must make to Grantor the representations and warranties in Section 4.2 of the Purchase Agreement), and then only with respect to production occurring after receipt of such notice, and (b) neither Grantee nor any Permitted Assign shall assign or convey any rights under or any interest in the Production Payment Documents or the Production Payment to any Restricted Assignee. Any Person to whom all or any interest in the Production Payment is assigned or conveyed in accordance with the foregoing requirements is herein called a "Permitted Assign". Grantor shall keep records of all Permitted Assigns, their Percentage Shares, and their addresses, and shall give notice thereof to the other Persons, if any, from time to time holding the interests of Grantee hereunder.
Sample 1
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Assignments by Grantee. Grantee's interest in the Production Payment may not be transferred except in compliance with this section. Grantee and each Permitted Assign (as hereinafter defined) shall have the right to assign or convey its interest in the Production Payment, in whole or in part (and either absolutely or by mortgage or other security instrument), at any time; provided that: (a) no change of ownership or right to receive payment of the Production Payment or of any part thereof, however accomplished, shall be effective or binding upon Grantor until notice thereof shall have been registered with Grantor by the transferor and by the transferee (which transferee must make to Grantor the representations and warranties in Section 4.2 of the Purchase Agreement), and then only with respect to payments made after receipt of such notice, and (b) neither Grantee nor any Permitted Assign shall assign or convey any rights under or any interest in the Production Payment Documents or the Production Payment to (i) any Person which at the time of such assignment or conveyance is conducting material exploration or production operations in Railroad Commission Districts 2, 4 or 5, (ii) Enron Oil & Gas Company, Coastal Oil & Gas Corporation, Tennessee Gas Pipeline, or Terrx Xxxfield Supply Co., (iii) any party adverse to Grantor in any proceeding set forth on Schedule 1 to the Purchase Agreement or in any litigation or proceeding subsequently filed, or any successor to the rights or interests of any of the foregoing in such proceedings or litigation, any party named as a defendant in the case styled "TransAmerican Natural Gas Corporation v. El Paso Natural Gas Company, et al.", No. 94-63464, 206th Judicial District Court, Hidaxxx County, Texas or (iv) any Affiliate of any of the foregoing that is not an Affiliate of Grantee. Any Person to whom all or any interest in the Production Payment is assigned or conveyed in accordance with the foregoing requirements is herein called a "Permitted Assign". Grantor shall keep records of all Permitted Assigns, their Percentage Shares, and their addresses, and shall give notice thereof to the other Persons, if any, from time to time holding the interests of Grantee hereunder. If the interests of Grantee under this Conveyance are ever owned by more than one Person, all Persons owning interests hereunder shall designate one Person as their agent to deliver and receive all communications (including consents) and exercise the discretion of Grantee hereunder...
Sample 1
Assignments by Grantee. Upon prior written notice to Grantor, Grantee shall have the right to transfer at any time and from time to time all or any portion of the Subject Interests, provided, however, that (i) the Subject Interests shall at all times be subject to this Assignment, the Production Payment, the Option (as defined in the Purchase Agreement) and the Management Agreement, and (ii) if such transfer or transfers result in less than all of the Subject Interests being transferred to and held by the same Person, Grantee shall retain the obligation to administer and pay the Production Payment in accordance with the provisions hereof in the same manner as if the Production Payment were held by a single Person. Any such assignment shall not release Grantee from any obligation to Grantor under the Purchase Agreement or this Assignment arising prior to the date of transfer. Notwithstanding the foregoing Grantee shall not transfer all or any portion of the Subject Interests to a Person which is not an Affiliate of Grantee without the prior written consent of Grantor which consent shall not be unreasonably withheld, conditioned or delayed.
Sample 1
Assignments by Grantee. GRANTEE shall not assign, sell, transfer, convey, exchange, mortgage or pledge all or any part of its interest in the Production Payment or create any lien thereon or security interest therein without the prior written consent of GRANTOR, which consent shall not be unreasonably withheld.
Sample 1

Related to Assignments by Grantee

  • Assignments by Xxxxxxx Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:

  • Assignments by Banks Any Bank may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of the Loans at the time owing to it); provided that (i) except in the case of an assignment of the entire remaining amount of the assigning Bank’s Loans at the time owing to it or in the case of an assignment to a Bank or an Affiliate of a Bank or an Approved Fund with respect to a Bank, the principal outstanding balance of the Loan of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower, otherwise consents (each such consent not to be unreasonably withheld or delayed); (ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Bank’s rights and obligations under this Agreement with respect to the Loan assigned; (iii) any assignment under this Section 11.10(b) must be approved by (i) the Administrative Agent (not to be unreasonably withheld) and (ii) unless the Person that is the proposed assignee is itself a Bank or an Affiliate of a Bank (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee) and/or an Event of Default has occurred and is continuing, the Borrower (not to be unreasonably withheld); provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, and the Eligible Assignee, if it shall not be a Bank, shall deliver to the Administrative Agent an Administrative Questionnaire and any relevant tax forms. Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Bank under this Agreement, and the assigning Bank thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Bank’s rights and obligations under this Agreement, such Bank shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 9.3 and 9.4 hereof with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Bank of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Bank of a participation in such rights and obligations in accordance with paragraph (d) of this Section. The Borrower shall execute and deliver to the assignee a Note upon written request from such assignee. The assignor shall promptly return to the Borrower its Note if after giving effect to such assignment no Obligations are owing to such assignor.

  • Assignments by Lender Any of the Lenders may at any time assign to one or more Eligible Transferees (or, if an Event of Default has occurred and is continuing, to any Person) all or a portion of its rights and obligations under this Agreement (including all or a portion of the Commitment and the Term Loan at the time owing to it) and the other Loan Documents; provided that no such assignment shall be made to the Borrower, any Affiliate of the Borrower or any employees or directors of any Obligor at any time. Subject to the recording thereof by the Administrative Agent pursuant to Section 14.05(d), from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of such Lender under this Agreement and the other Loan Documents, and correspondingly the assigning Lender shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) and the other Loan Documents but shall continue to be entitled to the benefits of Section 5 and Section 14.03. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 14.05(b) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 14.05(e).

  • Payments by Assignor Assignor agrees to pay the Agent on the Assignment Date the registration fee required by §18.2 of the Credit Agreement.

  • Assignments by Lenders Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:

  • Assignments and Transfers by Investors The provisions of this Agreement shall be binding upon and inure to the benefit of the Investors and their respective successors and assigns. An Investor may transfer or assign, in whole or from time to time in part, to one or more persons its rights hereunder in connection with the transfer of Registrable Securities by such Investor to such person, provided that such Investor complies with all laws applicable thereto and provides written notice of assignment to the Company promptly after such assignment is effected.

  • Assignments and transfer by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Assignments and transfers by the Lenders Subject to this Clause 23, a Lender (the “Existing Lender”) may: (a) assign any of its rights; or (b) transfer by novation any of its rights and obligations, to another bank or financial institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the “New Lender”).

  • Assignments and Transfers by the Company This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors in connection with such transaction unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

  • No Assignment of Benefits The rights of any person to payments or benefits under this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or other creditor’s process, and any action in violation of this subsection shall be void.

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