Common use of Prior Written Consent Clause in Contracts

Prior Written Consent. No Party may assign its rights, or delegate its obligations,‌ under this Mine Reclamation Agreement, including as provided for in Section 17, without the prior written consent of the other Parties, which consent will not be unreasonably delayed or denied. Such prior consent of the other Parties will not be required in the event of the transfer or assignment by a Party of its interest in the Project to a duly authorized successor; provided, however, that such successor has agreed in writing with the remaining Parties to fully perform and discharge all of the obligations hereunder of the Assigning Party and the remaining Parties have agreed in writing to the substitution of the successor, in place of the Assigning Party, which consent will not be unreasonably delayed or denied.

Appears in 2 contracts

Samples: Reclamation and Trust Funds Agreement, Reclamation and Trust Funds Agreement

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Prior Written Consent. No Party may assign its rights, or delegate its obligations,‌ obligations, under this Mine Reclamation Agreement, including as provided for in Section 17, without the prior written consent of the other Parties, which consent will not be unreasonably delayed or denied. Such prior consent of the other Parties will not be required in the event of the transfer or assignment by a Party of its interest in the Project to a duly authorized successor; provided, however, that such successor has agreed in writing with the remaining Parties to fully perform and discharge all of the obligations hereunder of the Assigning Party and the remaining Parties have agreed in writing to the substitution of the successor, in place of the Assigning Party, which consent will not be unreasonably delayed or denied.

Appears in 1 contract

Samples: Reclamation and Trust Funds Agreement

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Prior Written Consent. No Party may assign its rights, or delegate its obligations,‌ obligations, under this Mine Reclamation Agreement, including as provided for in Section 17, Decommissioning Agreement without the prior written consent of all of the other Parties, which consent will not be unreasonably delayed or denied; provided, however, that consent will not be granted unless (i) the assignee has first agreed in writing with the non- assigning Parties to fully perform and discharge all of the obligations hereunder of the Assigning Party; and (ii) the assignee demonstrates to the Decommissioning Committee it has creditworthiness equal to or higher than that of the assigning Party. Such prior consent of the other Parties will not be required in the event of the transfer or assignment by a Party of its interest in the Project to a duly authorized successor; provided, however, that such successor has agreed in writing with the remaining Parties to fully perform and discharge all of the obligations hereunder of the Assigning Party and the remaining Parties have agreed in writing to the substitution of the successor, in place of the Assigning Party, which consent will not be unreasonably delayed or denied.EXECUTION VERSION

Appears in 1 contract

Samples: Decommissioning and Trust Funds Agreement

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