Assignment and Assumption of Rights Sample Clauses

Assignment and Assumption of Rights. 4.1 Newfield will obtain Apache's written consent to assignment, by Newfield to Ridgewood, of a 50.00% interest in the rights, duties and obligations conferred by the Option Agreement and Farmout Agreement.
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Assignment and Assumption of Rights. 2.1 In exchange for the consideration stated herein, Apache hereby agrees to assign and transfer to Ridgewood, concurrent with the execution of this Agreement, and Ridgewood hereby agrees to accept, an assignment of twenty-five percent (25%) of Apache’s one hundred percent (100%) Working Interest rights in the Lease (those right granted pursuant to the Farmout Agreement), together with a corresponding Net Revenue Interest associated with each Party’s respective Working Interest.
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Assignment and Assumption of Rights. 4.1 Upon Ridgewood’s participation pursuant to the terms and conditions set forth herein and upon the Parties drilling the Test Well or its substitute, reaching Contract Depth, Ridgewood will have earned under the Agreement and shall receive from Newfield an assignment of an undivided 40% working interest in the Contract Area, in the form attached hereto as Exhibit C.
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Assignment and Assumption of Rights. 4.1 The interest assigned to Ridgewood pursuant hereto will be subject to its proportionate share of the federal 18.75% royalty and a proportionately reduced 2% ORRI in favor of Newfield Exploration Company. The interest shall be free and clear of any other overriding royalty interest, production payments, or other burdens on production.
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Assignment and Assumption of Rights. 1.1 EM Laboratories hereby assigns and transfers all of its rights to the Debenture and the Debenture Shares under the Purchase Agreement to Merck.
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Assignment and Assumption of Rights. At and after the Effective Time, TBC hereby assigns and delegates to the Holding Company all of TBC's rights and obligations under that certain Amended and Restated Rights Agreement, dated July 23, 1998, between TBC and BankBoston, N.A., as Rights Agent (the "Rights Agreement"). The Holding Company hereby accepts such assignment and assumes all of the obligations of TBC under the Rights Agreement. Each issued and outstanding right under the Rights Agreement to purchase Series A Junior Participating Preferred Stock, $.10 par value, of TBC, shall automatically become a right under the Rights Agreement to purchase the same number of shares of Series A Junior Participating Preferred Stock, $.10 par value, of the Holding Company, having the powers, rights, and preferences set forth in the Certificate of Incorporation of the Holding Company.
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Assignment and Assumption of Rights. The Company hereby transfers and assigns all of its rights to Projects in progress, including without limitation the contracts and Requests for Proposal set forth on Exhibit A (collectively, the “Project Documents”) in connection with the Projects to MS. MS hereby accepts the aforesaid assignment and assumes all of the Company’s obligations under such Projects and the Project Documents with respect to the Projects.
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Assignment and Assumption of Rights. 2.1 In exchange for the consideration stated herein, (SOM. hereby agrees to assign and transfer to Ridgewood, concurrent with the execution of this Agreement, and Ridgewood hereby agrees to accept, an assignment of an undivided fifty three and one-third percent (53,33333%) of Participation Agreement dated March 28, 2005 Between GOM Shelf LLC and Ridgewood Energy Corporation Page 5 GOM's undivided thirty seven and one-half percent (37.50000%) Working Interest in the Lease insofar as it encompasses the Prospect Area, being a net undivided Working Interest of twenty percent (20.00000%), with a corresponding Net Revenue Interest of sixteen and two-thirds percent (16.66667%).
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Assignment and Assumption of Rights. 4.1 Newfield has obtained the WC 593 Owners' written consent to assignment, by Newfield to Ridgewood, of a 43.28499% interest in the rights, duties and obligations conferred by the Option Agreement and Farmout Agreement.
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Related to Assignment and Assumption of Rights

  • Assignment and Assumption Agreement The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire provided by the Administrative Agent.

  • Assignment and Assumption of Contracts Two (2) counterpart originals of the Assignment and Assumption of Contracts, duly executed by Seller.

  • Assignment and Assumption of Lease The Assignment and Assumption ---------------------------------- of Lease;

  • Assignment and Assumption The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • Assignment and Assumption of Leases Two (2) counterparts of the Assignment and Assumption of Leases, executed, acknowledged and sealed by Purchaser;

  • FORM OF ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

  • Assignment and Acceptance The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • Amendment and Assignment This Agreement may be amended only in writing and signed by both parties. This Agreement may not be assigned to another party.

  • Acceptance and Assumption Assignee hereby accepts the foregoing assignment and further hereby assumes and agrees to perform, from and after January 1, 2002, all duties, obligations and responsibilities of the property manager arising under the Agreement.

  • Amendment and Assignment of Agreement This Agreement may not be amended or assigned without the affirmative vote of a majority of the outstanding voting securities of the Fund, and this Agreement shall automatically and immediately terminate in the event of its assignment.

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