Transferee Bound definition
Transferee Bound. All such authorized sales, transfers, assignments or conveyances of an interest in a Designated Prospect and this Agreement, whether expressly so stated or not, shall operate to impose upon any Party acquiring such interest its share of all costs and other obligations chargeable hereunder to such interest and shall likewise operate to give and grant to such Party acquiring such interest its proportionate part of all benefits accruing hereunder.