LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (the “Transfer”) all or any part of its interest in this Agreement or the Property, without, in each case, Owner’ prior written consent, which shall not be withheld unreasonably. Owner shall have 30 days from date of notice that such Transfer is planned to object. If no objection has been received within 30 days, Lessee is free to proceed with the Transfer. Any Transfer which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement.
Appears in 3 contracts
Samples: Purchase Agreement (Brilliant Sands Inc), Purchase Agreement (Idaho North Resources Corp.), Purchase Agreement (Idaho North Resources Corp.)
LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (the each a “Transfer”) all or any part of its interest in this Agreement or the Property, without, in each case, Owner’ prior written consent, which shall not be withheld unreasonably. Owner shall have 30 thirty (30) days from date of notice that such Transfer is planned to object. If no objection has been received within 30 thirty (30) days, Lessee is free to proceed with the Transfer. Any Transfer which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement.
Appears in 2 contracts
Samples: Purchase Agreement, Exploration and Mining Lease and Option to Purchase Agreement (Rarus Minerals Inc)
LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (the “Transfer”) all or any part of its interest in this Agreement or the Property, without, in each case, Owner’ ’s prior written consent, which shall not be withheld unreasonably. Owner shall have 30 days from date of notice that such Transfer is planned to object. If no objection has been received within 30 days, Lessee is free to proceed with the Transfer. Any Transfer which is not approved in written consent by Owner or prohibited under this Section and this Agreement shall be deemed void and shall constitute a material default under the terms of this Agreement.
Appears in 1 contract
LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (the “"Transfer”") all or any part of its interest in this Agreement or the Property, without, in each case, Owner’ Lessor' prior written consent, which shall not be withheld unreasonably. Owner Lessor shall have 30 days from date of notice that such Transfer is planned to object. If no objection has been received within 30 days, Lessee is free to proceed with the Transfer. Any Transfer which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement.
Appears in 1 contract
Samples: Processing Lease and Option to Purchase Agreement (JPX Global Inc.)
LESSEE'S ASSIGNMENT. Lessee shall not assign, convey, encumber, sublease, grant any concession, or license or otherwise transfer (the each a “Transfer”) all or any part of its interest in this Agreement or the Property, without, in each case, Owner’ prior written consent, which shall not be withheld unreasonably. Owner shall have 30 days from date of notice that such Transfer is planned to object. If no objection has been received within 30 days, Lessee is free to proceed with the Transfer. Any Transfer which is prohibited under this Section shall be deemed void and shall constitute a material default under the terms of this Agreement.
Appears in 1 contract
Samples: Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)
