Assignor's Rights. Assignor, directly, holds the rights to a six per cent (6%) undivided Participating Interest in the Carbonera Contract, free and clear of any Liens (other than Permitted Liens) according to the terms of the Carbonera Contract and applicable Laws. The Carbonera Contract is in full force and effect and no notice of default, termination, or breach under the Carbonera Contract has been received neither by Assignor nor, to the knowledge of Assignor, any other party to the Carbonera Contract. The Carbonera Contract, together with applicable Laws, contains the entirety of the obligation of Assignor to the Government, and no other understanding or agreement exists between Assignor and the Government in relation to the subject matter of the Carbonera Contract except as otherwise disclosed under this Agreement. There are no Preferential Rights that have not been expressly disclosed by Assignor to Assignee and no third party consents required in relation to the execution and perfection of this Agreement and the interests assigned to Assignee.
Assignor's Rights. ASSIGNOR hereby irrevocably constitutes and appoints ASSIGNEE (and each of ASSIGNEE’S successors and permitted assigns) its true and lawful attorney-in-fact and agent, with full power of substitution, in its name or otherwise, to pay, discharge, adjust, settle or compromise any Assumed Liability, to prosecute or defend any action or claim in connection therewith, and, if applicable, to submit to arbitration any controversy relating thereto.
Assignor's Rights. 1. The Assignor shall be entitled to enter into the Assignment Agreement with any User;
Assignor's Rights. 6.1.1. The Assignor has the right to enter the Assignment Agreement with any Claim purchaser;
Assignor's Rights. Any Partner who shall assign all of his Interest shall cease to be a Partner and shall no longer have any rights or privileges of a Partners except that, unless and until his assignee is admitted to the Partnership as a Substituted Partner in accordance with this Article VIII (Assignment of Partners' Interests), such assignor shall continue to be a Partner and shall retain all rights and be subject to all obligations under the Act.
Assignor's Rights. Assignor is the lawful owner of 36,75% undivided interest in the Exploration Licenses and the Operating Agreement, and holds the rights of the 26,75% of the said interest free and clear of any Liens, claims, burdens or encumbrances, pledges or mortgages. The Exploration Licenses and the Operating Agreement are in full force and effect and no notice of default, termination, or breach under the Exploration Licenses and/or Operating Agreement has been received by the Assignor nor, to the knowledge of the Assignor, any other party to the Operating Agreement. The Assignor is not in default under the terms and conditions of the Exploration Licenses and/or the Operating Agreement. The Exploration Licenses, together with applicable Laws, contains the entirety of the obligation of the Assignor to the Government, and no other understanding or agreement whether oral or in writing exists between the Assignor and the Government in relation to the subject matter of the Exploration Licenses except as otherwise disclosed under this Agreement.
Assignor's Rights. While no Event of Default exists under any other Loan Document, insofar as the Assignor may have any right, privilege of claim against the County under the Contract, including, without limitation, any of its rights and remedies arising out of a breach of any representations, warranties and covenants under the Contract, Assignor will enforce such rights and remedies in good faith in the exercise of its reasonable business judgment. Assignor agrees that this Agreement shall constitute a perfected, absolute and present assignment provided that Bank will not enforce the provisions of the Contract until an Event of Default has occurred under the Loan Documents. While an Event of Default exists, Bank may, without affecting any of its rights or remedies against Assignor under any other instrument, document or agreement, exercise its rights under this Agreement in any manner permitted by law.
