Termination of Authority. Assignor may not resign as Assignee’s agent and representative without the prior written consent of Assignee, except that Assignor may resign as Assignee’s agent and representative without such consent with respect to any Subject Interests assigned, sold, transferred or conveyed by Assignor in accordance with the terms of this Conveyance. If such sale is made subject to the Royalty Interest, Assignor must cause the purchaser to assume the duties of Assignee’s agent and representative with respect to the Subject Interests acquired by that purchaser and to be bound by the provisions of this Article IV.
Appears in 29 contracts
Samples: Perpetual Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II), Term Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II), Long Term Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II)
Termination of Authority. Assignor may not resign as AssigneeXxxxxxxx’s agent and representative without the prior written consent of Assignee, except that Assignor may resign as Assignee’s agent and representative without such consent with respect to any Subject Interests assigned, sold, transferred or conveyed by Assignor in accordance with the terms of this Conveyance. If such sale is made subject to the Royalty Interest, Assignor must cause the purchaser to assume the duties of Assignee’s agent and representative with respect to the Subject Interests acquired by that purchaser and to be bound by the provisions of this Article IV.
Appears in 3 contracts
Samples: Term Overriding Royalty Interest Conveyance (SandRidge Mississippian Trust II), Mortgage (Chesapeake Granite Wash Trust), Mortgage (Chesapeake Granite Wash Trust)
Termination of Authority. Assignor may not resign as the Assignee’s 's agent and representative without the prior written consent of the Assignee, except that Assignor may resign as the Assignee’s 's agent and representative without such consent with respect to any Subject Interests assigned, sold, transferred or conveyed Transferred by Assignor in accordance with the terms of this Conveyance. If such sale Transfer is made subject to in connection with Subject Interests which are burdened by the Term Royalty Interest, Assignor must cause the purchaser to assume the duties of the Assignee’s 's agent and representative with respect to the such Subject Interests acquired by that purchaser and to be bound by the provisions of this Article IV.
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