Common use of Payments After a Transfer of Interest Clause in Contracts

Payments After a Transfer of Interest. In the event payments should be made to other parties because of any transfer of the interest of any of the persons constituting Lessors, payments tendered to the Lessor(s) making the transfer or Lessors' designated agent, shall conclusively be deemed payment to the transferee until Lessee receives notice and evidence satisfactory to it from both the agent (if applicable) and the transferring Lessor(s) that the transferor's interest has been transferred and that payments should be made to the transferee or the transferee's designated agent.

Appears in 2 contracts

Samples: Mineral Lease Agreement With Option to Purchase (Steele Resources Corp), Mineral Lease Agreement With Option to Purchase (Steele Resources Corp)

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Payments After a Transfer of Interest. In the event payments should be made to other parties because of any authorized transfer of the interest of any of the persons constituting LessorsLessor, payments tendered to Lessor’s designated agent, or to the Lessor(s) party making the transfer or Lessors' designated agentif only one party constitutes Lessor, shall conclusively be deemed payment to the transferee until Lessee receives notice and evidence satisfactory to it from both the agent (if applicable) and the transferring Lessor(s) transferor that the transferor's ’s interest has been transferred and that payments should be made to the transferee or the transferee's ’s designated agent.

Appears in 2 contracts

Samples: Mineral Lease Agreement and Option to Purchase (Midway Gold Corp), Mineral Lease Agreement and Option to Purchase (Midway Gold Corp)

Payments After a Transfer of Interest. In the event payments should be made to other parties because of any authorized transfer of the interest of any of the persons constituting LessorsLessor, payments tendered to Lessor's designated agent, or to the Lessor(s) party making the transfer or Lessors' designated agentif only one party constitutes Lessor, shall conclusively be deemed payment to the transferee until Lessee receives notice and evidence satisfactory to it from both the agent (if applicable) and the transferring Lessor(s) transferor that the transferor's interest has been transferred and that payments should be made to the transferee or the transferee's designated agent.

Appears in 2 contracts

Samples: Mineral Lease (Prophecy Development Corp.), Mineral Lease Agreement (Prophecy Development Corp.)

Payments After a Transfer of Interest. In the event payments should be made to other parties because of any transfer of the interest of any of the persons entities constituting LessorsLessor, payments tendered to Lessor's designated agent, or to the Lessor(s) party making the transfer or Lessors' designated agentif only one party constitutes Lessor, shall conclusively be deemed payment to the transferee until Lessee receives notice and evidence satisfactory to it from both the agent (if applicable) and the transferring Lessor(s) transferor that the transferor's interest has been transferred and that payments should be made to the transferee or the transferee's designated agent.

Appears in 2 contracts

Samples: Assignment of Contract (Steele Resources Corp), Assignment of Contract (Steele Resources Corp)

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Payments After a Transfer of Interest. In the event payments should be made to other parties because of any authorized transfer of the interest of any of the persons constituting LessorsLessor, payments tendered to Lessor’s designated agent, or to the Lessor(s) party making the transfer or Lessors' designated agentif only one party constitutes Lessor, shall conclusively be deemed payment to the transferee until Lessee receives notice and evidence satisfactory to it from both the agent (if applicable) and the transferring Lessor(s) transferor that the transferor's interest has been transferred and that payments should be made to the transferee or the transferee's ’s designated agent.

Appears in 1 contract

Samples: Mineral Lease Agreement and Option to Purchase (Midway Gold Corp)

Payments After a Transfer of Interest. In the event payments should be made to other parties because of any transfer of the interest of any of the persons entities constituting Lessors, payments tendered to the Lessor(s) making the transfer or Lessors' designated agent, or to the party making the transfer if only one party constitutes Lessors, shall conclusively be deemed payment to the transferee until Lessee receives notice and evidence satisfactory to it from both the agent (if applicable) and the transferring Lessor(s) transferor that the transferor's interest has been transferred and that payments should be made to the transferee or the transferee's designated agent.

Appears in 1 contract

Samples: Mineral Lease Agreement (Newgold Inc)

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