Lease or Prospect Successors and Assigns. It is agreed that Ridgewood, before earning an interest therein, shall not assign, either in whole or in part, its interest or rights to interest in and to any Lease or Prospect without the written consent of Chevron. Upon receipt of Chevron's written consent any assignment made by Ridgewood hereof shall 1) contain a limitation in favor of Chevron requiring that Chevron's written consent must also be obtained prior to any future assignments of interest in whole or in part, 2) that said instrument contain a provision indicating said assignment is made subject to this Agreement, and 3) the assignee agrees in writing to be bound by all the terms and conditions of this Agreement. It shall be fully understood that in the event the assigning party encumbers or burdens the Contract Acreage or any portion thereof after earning an interest herein, the assigning party shall hold the non-assigning party free and clear of any and all obligations, liability and/or responsibility for such encumbrance(s) or burden(s). Any assignment made pursuant to this Section 19.2 shall be in accordance with and in compliance to the accepted practices, guidelines and policies of the Minerals Management Service or other governmental agencies that
Lease or Prospect Successors and Assigns. It is agreed that McMoRan shall not assign, either in whole or in part, its interest or rights to interest in and to any Lease or Prospect without the written consent of the Texaco, such consent not to be unreasonably withheld, provided, however, McMoRan shall have the right to assign an interest in any Lease or Prospect to its Exploration Program Co- Venturers. Upon receipt of Texaco's written consent, or in the event of an assignment by McMoRan to its exploration program partners, any assignment made by McMoRan hereof shall 1) contain a limitation in favor of Texaco requiring that Texaco's written consent must also be obtained prior to any future assignments of interest in whole or in part, 2) that said instrument contain a provision indicating said assignment is made subject to this Agreement, and 3) the assignee agrees in writing to be bound by all the terms and conditions of this Agreement. It shall be fully understood that in the event the assigning party encumbers or burdens the Contract Acreage or any portion thereof after earning an interest herein, the assigning party shall hold the non-assigning party free and clear of any and all obligations, liability and/or responsibility for such encumbrance(s) or burden(s). Any assignment made pursuant to this Section 21.2 shall be in accordance with and in compliance to the accepted practices, guidelines and policies of the Minerals Management Service.
