Common use of Owner’s Assignment Clause in Contracts

Owner’s Assignment. Owner shall have the right to transfer assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in Ownership in the Property shall affect Lessee's obligations under this Agreement unless and until Owner delivers and Lessee receives copies of the documents which demonstrate the change in Ownership of Owner's interest. Until Lessee receives Owner's notice and the documents required to be delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer of Owner's interest had not occurred. No division of Owner's interest as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights under this Agreement.

Appears in 4 contracts

Samples: Exploration and Mining Lease and Option to Purchase Agreement, Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.), Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)

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Owner’s Assignment. Owner shall have the right to transfer transfer, assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in Ownership in the Property shall affect Lessee's obligations under this Agreement unless and until Owner delivers and Lessee receives copies of the documents which demonstrate the change in Ownership of Owner's interest. Until Lessee receives Owner's notice and the documents required to be delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer of Owner's interest had not occurred. No division of Owner's interest as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights under this Agreement.

Appears in 2 contracts

Samples: Exploration and Mining Lease With Options to Purchase Agreement (Brilliant Sands Inc), Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)

Owner’s Assignment. Owner shall have the right to transfer assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in Ownership of Owner's interest in the Property shall affect Lessee's obligations under this Agreement unless and until Owner delivers and Lessee receives copies of the documents which demonstrate the change in Ownership of Owner's interest. Until Lessee receives Owner's notice and the documents required to be delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer of Owner's Ownership interest had not occurred. No division of Owner's interest Ownership as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights under this Agreement.

Appears in 1 contract

Samples: Exploration and Mining Lease and Option to Purchase Agreement (Tombstone Exploration Corp)

Owner’s Assignment. Owner shall have the right to transfer assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in Ownership ownership in the Property shall affect Lessee's obligations under this Agreement unless and until Owner delivers and Lessee receives copies of the documents which demonstrate the change in Ownership ownership of Owner's interest. Until Lessee receives Owner's notice and the documents required to be delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer of Owner's interest had not occurred. No division of Owner's interest as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights under this Agreement.

Appears in 1 contract

Samples: Exploration and Mining Lease and Option to Purchase Agreement (North Springs Resources Corp.)

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Owner’s Assignment. Owner shall have the right to transfer assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer Transfer all or any part of its interest in this Agreement or the Property. No change in Ownership in the Property shall affect Lessee's obligations under this Agreement towards any person or entity with respect to the ownership of Owner’s interest under this Agreement unless and until Owner delivers and may deliver to Lessee receives copies a copy of the assignment or other documentation which documents which demonstrate the change in Ownership of Owner's interestTransfer. Until Lessee receives such Owner's notice and the documents required to be delivered under this Section, Lessee shall continue to make all payments under this Agreement as if the transfer of Owner's interest had not occurred. No division of Owner's interest as to all or any part of the Property shall enlarge Lessee's obligations or diminish Lessee's rights rights, or otherwise amend, modify, revise or supplement Lessee’s obligations, under this Agreement.

Appears in 1 contract

Samples: Exploration and Mining Lease With Option to Purchase Agreement (Brilliant Sands Inc)

Owner’s Assignment. Owner shall have the right to transfer assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer all or any part of its interest in this Agreement or the Property. No change in Ownership ownership of Owner’s interest in the Property shall affect Lessee's ’s obligations under this Agreement unless and until Owner delivers and Lessee receives copies of the documents which demonstrate the change in Ownership ownership of Owner's ’s interest. Until Lessee receives Owner's ’s notice and the documents required to be delivered under this Section, Lessee shall may continue to make all payments under this Agreement as if the transfer of Owner's ’s ownership interest had not occurred. No division of Owner's interest ’s ownership as to all or any part of the Property shall enlarge Lessee's obligations ’s obligation or diminish Lessee's ’s rights under this Agreement.

Appears in 1 contract

Samples: Mining Sublease and Option to Purchase Agreement (Entourage Mining LTD)

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