Owner’s Assignment. Subject to the provisions of this Section, Owner shall have the right to 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 TOGI's obligations under this Agreement unless and until Owner delivers and TOGI receives copies of the documents which demonstrate the change in ownership of Owner's interest. Until TOGI receives Owner's notice and the documents required to be delivered under this Section, TOGI may 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 ownership as to all or any part of the Property shall enlarge TOGI's obligations or diminish TOGI's rights under this Agreement.
Appears in 4 contracts
Samples: Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Lease and Option to Purchase Agreement (Tornado Gold International Corp)
