Assignment by Royalty Holder. Notwithstanding anything to the contrary herein contained, if any part of the right to receive the Royalty is assigned by the Royalty Holder, it shall be a condition of such assignment that the assignee agrees with the Payor and all other parties entitled to receive any part of the Royalty as follows:
Assignment by Royalty Holder. Royalty Holder may convey or assign all or part of the Royalty payable, provided that such conveyance or assignment will not be effective against Owner until the assignee has delivered to Owner a written undertaking whereby such assignee agrees to be bound, to the extent of the interest assigned, by all of the terms and conditions of this Instrument.
Assignment by Royalty Holder. The Royalty Holder may assign or convey its rights under this Agreement. No change or division in the ownership of the Royalty, however accomplished, shall enlarge the obligations or diminish the rights of the Company.
Assignment by Royalty Holder. The Royalty Holder may assign its rights under this NSR Agreement, in whole or in part, provided, however, that any change in ownership of rights shall be accomplished in such manner that the Company shall not be required to make payments to or give notice to more than one person, firm, corporation, or entity. No change or division in the ownership of the Production Royalty, however accomplished, shall enlarge the obligations of or diminish the rights of the Company. No change or division in the ownership of the Production Royalty shall be binding on the Company until 10 days after the Company has received a copy of the assignment instrument duly recorded in the applicable recording district evidencing the change or division in ownership.
Assignment by Royalty Holder. Notwithstanding anything to the contrary herein contained, if any part of the right to receive the Net Smelter Returns Royalty is assigned by the Royalty Holder, it shall be a condition of such assignment that the assignee agrees with the Payor and all other parties entitled to receive any part of the Net Smelter Returns Royalty as follows:
Assignment by Royalty Holder. The Royalty Holder may assign its rights under this NSR Royalty Agreement to any of its affiliates; provided, however, that any change in ownership of rights will be accomplished in such manner that the Company will not be required to make payments to or give notice to more than one person, firm, corporation, or entity. No change or division in the ownership of the Net Smelter Return Royalty, however accomplished, will enlarge the obligations or diminish the rights of the Company. No change or division in the ownership of the Net Smelter Return Royalty will be binding on the Company until ten (10) days after the Company has received a copy of the assignment instrument duly executed, evidencing the change or division in ownership.
Assignment by Royalty Holder. If at any time the Royalty Holder desire to transfer, sell or otherwise assign any portion or all of the Royalty and their interest in and to this Agreement, to a proposed transferee from whom the Royalty Holder have received a bona fide offer which they are prepared to accept, the Royalty Holder shall first offer the Royalty, for 60 days, to the Owner, at the same price and on the same terms as are contained in the bona fide offer from the proposed transferee, and shall specify the proposed transferee. The Royalty Holder shall also provide the Owner with a copy of the bona fide written offer that they have received from the proposed transferee. Within such 60 days the Owner shall give written notice of acceptance or rejection of the said offer. Failure to deliver a notice of acceptance or rejection within such 60 days will be deemed a rejection of the offer. If the Owner does not wish to acquire the Royalty as offered, the Royalty Holder may, during the period of 60 days next following the expiry of the 60 day offer period, sell, assign, transfer or otherwise dispose of to the proposed transferee the Royalty at the same or at a higher price but otherwise on substantially the same terms and conditions as the original offer received from the proposed transferee, provided that the Royalty Holder shall not complete any sale, assignment or transfer to the proposed transferee unless the proposed transferee, prior to such sale, assignment or transfer, agrees in writing with the Owner to be bound by the terms of this Agreement. For greater certainty, the Royalty Holder are not permitted to sell, assign, option, transfer, or otherwise dispose of the whole or any part of the Royalty in any manner, except in accordance with the terms hereof.
