Common use of Assignment of Option Clause in Contracts

Assignment of Option. 6.1 Subject to Part 11, the Optionee may assign all or part of its obligations under this Option Agreement during the Option Period to a third party (the “Assignee”) with consent of the Optionor, such consent not to be unreasonably withheld, providing also that the Assignee agrees to execute an acknowledgement to be bound by the terms hereof insofar as the Optionor’s rights hereunder are concerned. Such Assignee shall issue shares in its capital to fulfill the share obligations in §4.1.

Appears in 2 contracts

Samples: Mineral Property Option Agreement (Passport Potash Inc), Mineral Property Option Agreement (Passport Potash Inc)

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Assignment of Option. 6.1 5.1 Subject to Part 11, the Optionee may assign all or part of its obligations under this Option Agreement during the Option Period to a third party (the “Assignee”) with consent of the Optionor, such consent not to be unreasonably withheld, providing also that the Assignee agrees to execute an acknowledgement to be bound by the terms hereof insofar as the Optionor’s rights hereunder are concerned. Such Assignee shall issue shares in its capital to fulfill the share obligations in §4.1.

Appears in 1 contract

Samples: Agreement (Amarc Resources LTD)

Assignment of Option. 6.1 7.1 Subject to Part 1112, the Optionee may assign all or part of its obligations under this Option Agreement during the Option Period to a third party (the "Assignee") with consent of the Optionor, such consent not to be unreasonably withheld, providing also that the Assignee agrees to execute an acknowledgement to be bound by the terms hereof insofar as the Optionor’s 's rights hereunder are concerned. Such Assignee shall issue shares in its capital to fulfill the share obligations in §4.1.

Appears in 1 contract

Samples: Joint Venture Agreement (Finmetal Mining Ltd.)

Assignment of Option. 6.1 5.1 Subject to Part 11, the Optionee may assign all or part of its obligations under this Option Agreement during the Option Period to a third party (the “Assignee”) with consent of the Optionor, such consent not to be unreasonably withheld, providing also that the Assignee agrees to execute an acknowledgement to be bound by the terms hereof insofar as the Optionor’s rights hereunder are concerned. Such Assignee shall issue shares in its capital to fulfill the share obligations in §4.1.

Appears in 1 contract

Samples: Mineral Property Option Agreement (Passport Potash Inc)

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Assignment of Option. 6.1 Subject to Part 11, the 16.1 The Optionee may not assign all or part of its obligations under this Option Agreement during the Option Period to a any third party (the “Assignee”) with without the prior written consent of the Optionor, such consent which shall not to be unreasonably withheldwithheld unreasonably, providing also provided that the Assignee agrees to execute an acknowledgement to be bound by the terms hereof insofar as the Optionor’s rights hereunder are concerned. Such Assignee shall issue shares in its capital to fulfill the share obligations in §4.1.

Appears in 1 contract

Samples: Rattlesnake Hills Property Option Agreement (Evolving Gold CORP)

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