Common use of Capacity of Successors and Assigns Clause in Contracts

Capacity of Successors and Assigns. No assignment of any or all of the Company’s rights hereunder shall be made, and none shall be effective, if the assignee lacks the technical, financial and managerial capacity to honour the obligations in this Agreement.

Appears in 2 contracts

Samples: Exploitation Agreement, Development Agreement

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Capacity of Successors and Assigns. No assignment of any or all of the Company’s rights hereunder shall be made, and none shall be effective, if the assignee lacks the technical, financial and or managerial capacity to honour honor the obligations in this Agreement.

Appears in 2 contracts

Samples: Model Mining Development Agreement, Mining Development Agreement

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