Common use of Substitution and Subrogation Clause in Contracts

Substitution and Subrogation. Insofar as is possible, the Transferee shall have full right of substitution and subrogation in and to all covenants, representations and warranties by others previously given or made by any person (but excluding, for the avoidance of doubt, the Transferor) in respect of the Transferred Assets or any part thereof.

Appears in 2 contracts

Samples: Arrangement Agreement (Hecla Mining Co/De/), Arrangement Agreement (Klondex Mines LTD)

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Substitution and Subrogation. Insofar as To the extent that the same is possible, Transferor shall convey the Assets to Transferee shall have with full right of substitution and subrogation of Transferee in and to the position of Transferor with respect to the benefit of all covenants, representations covenants and warranties by others previously heretofore given or made by any person (but excluding, for the avoidance of doubt, the Transferor) in respect of the Transferred Assets or any part thereof.

Appears in 1 contract

Samples: Asset Transfer Agreement (North American Minerals Group Inc)

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Substitution and Subrogation. Insofar as To the extent that the same is possible, Transferors shall convey the Assets to Transferee shall have with full right of substitution and subrogation of Transferee in and to the position of Transferors with respect to the benefit of all covenants, representations covenants and warranties by others previously heretofore given or made by any person (but excluding, for the avoidance of doubt, the Transferor) in respect of the Transferred Assets or any part thereof.

Appears in 1 contract

Samples: Asset Transfer Agreement (North American Minerals Group Inc)

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