Common use of Participation not permitted Clause in Contracts

Participation not permitted. A Finance Party may not grant a participation interest (being a right to share in the financial benefits of this agreement, without any rights against a Transaction Party) in any of that Finance Party’s rights and benefits under this agreement to any other person.

Appears in 2 contracts

Samples: Apollo Gold Corp, Apollo Gold Corp

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Participation not permitted. A Finance Party may not grant a participation interest (being a right to share in the financial benefits of this agreement, without any rights against a Transaction Party) in any of that Finance Party’s rights and benefits under this agreement to any other personperson without having to obtain the consent of or to notify a Transaction Party.

Appears in 2 contracts

Samples: Assumption Agreement (Apollo Gold Corp), Substitution Agreement (Apollo Gold Corp)

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