Common use of Subsequent Interests Clause in Contracts

Subsequent Interests. a. If Optionor or OPTIONEE assigns or transfers any interest in the Gold Dust Claims, the assigning party shall give written notice thereof to the other party. Any such assignment or transfer shall be subject and subordinate to the rights and interests granted herein to the other party. Any such assignment or transfer shall not affect or limit any obligation of the assigning party that arose prior to the date of assignment or transfer. The provisions of this Section 19(a) shall be incorporated in and made a part of each such instrument of assignment or transfer. b. No change of owner of the Gold Dust Claims as permitted under this Agreement shall be binding upon OPTIONEE until thirty (30) days after OPTIONEE has received, from Optionor a copy of the recorded instrument to evidence the change of ownership and to establish the right, title, or interest of the claiming party and the extent thereof. Regardless of any ownership change, all payments that OPTIONEE may make under this agreement shall be made in accordance with the terms of this Agreement. No change of ownership shall entitle any person to receive payments in any manner different from those provided herein or shall require OPTIONEE to separately sample, assay, or mill ore derived from any portion of the Gold Dust Claims. c. In the event Optionor makes an assignment or transfer of the Gold Dust Claims or their interest in this Agreement and payments under this Agreement become payable to two or more parties, those parties shall appoint and shall deliver to OPTIONEE a document executed by all of those parties that designates the name and address of a single agent to whom OPTIONEE shall make all payments. Until OPTIONEE receives such designation, OPTIONEE may withhold all payments without interest. Payments withheld, if any, shall be deposited with the single agent within twenty (20) days after OPTIONEE's receipt of the designation. OPTIONEE shall have no responsibility as to the division of payments among said parties. If OPTIONEE makes a payment or payments in accordance with the provisions of this Section 19, it shall be conclusively deemed that such payment or payments have been received by Optionor.

Subsequent Interests. a. If Optionor ▇▇▇▇▇▇▇ or OPTIONEE MEXIVADA assigns or transfers any interest in the Gold Dust ▇▇▇▇▇▇▇ Claims, the assigning party shall give written notice thereof to the other party. Any such assignment or transfer shall be subject and subordinate to the rights and interests granted herein to the other party. Any such assignment or transfer shall not affect or limit any obligation of the assigning party that arose prior to the date of assignment or transfer. The provisions of this Section 19(a) shall be incorporated in and made a part of each such instrument of assignment or transfer. b. No change of owner of the Gold Dust ▇▇▇▇▇▇▇ Claims as permitted under this Agreement shall be binding upon OPTIONEE MEXIVADA until thirty (30) days after OPTIONEE MEXIVADA has received, from Optionor ▇▇▇▇▇▇▇ a copy of the recorded instrument to evidence the change of ownership and to establish the right, title, or interest of the claiming party and the extent thereof. Regardless of any ownership change, all payments that OPTIONEE MEXIVADA may make under this agreement Agreement shall be made in accordance with the terms of this Agreement. No change of ownership shall entitle any person to receive payments in any manner different from those provided herein or shall require OPTIONEE MEXIVADA to separately sample, assay, or mill ore derived from any portion of the Gold Dust ▇▇▇▇▇▇▇ Claims. c. In the event Optionor Redfern makes an assignment or transfer of the Gold Dust ▇▇▇▇▇▇▇ Claims or their interest in this Agreement and payments under this Agreement become payable to two or more parties, those parties shall appoint and shall deliver to OPTIONEE MEXIVADA a document executed by all of those parties that designates the name and address of a single agent to whom OPTIONEE MEXIVADA shall make all payments. Until OPTIONEE MEXIVADA receives such designation, OPTIONEE MEXIVADA may withhold all payments without interest. Payments withheld, if any, shall be deposited with the single agent within twenty (20) days after OPTIONEE's MEXIVADA’s receipt of the designation. OPTIONEE MEXIVADA shall have no responsibility as to the division of payments among said parties. If OPTIONEE MEXIVADA makes a payment or payments in accordance with the provisions of this Section 19, it shall be conclusively deemed that such payment or payments have been received by Optionor▇▇▇▇▇▇▇.

Subsequent Interests. a. If Optionor ▇▇▇▇▇▇▇ or OPTIONEE MEXIVADA assigns or transfers any interest in the Gold Dust ▇▇▇▇▇▇▇ Claims, the assigning party shall give written notice thereof to the other party. Any such assignment or transfer shall be subject and subordinate to the rights and interests granted herein to the other party. Any such assignment or transfer shall not affect or limit any obligation of the assigning party that arose prior to the date of assignment or transfer. The provisions of this Section 19(a) shall be incorporated in and made a part of each such instrument of assignment or transfer. b. No change of owner of the Gold Dust ▇▇▇▇▇▇▇ Claims as permitted under this Agreement shall be binding upon OPTIONEE MEXIVADA until thirty (30) days after OPTIONEE MEXIVADA has received, from Optionor ▇▇▇▇▇▇▇ a copy of the recorded instrument to evidence the change of ownership and to establish the right, title, or interest of the claiming party and the extent thereof. Regardless of any ownership change, all payments that OPTIONEE MEXIVADA may make under this agreement Agreement shall be made in accordance with the terms of this Agreement. No change of ownership shall entitle any person to receive payments in any manner different from those provided herein or shall require OPTIONEE MEXIVADA to separately sample, assay, or mill ore derived from any portion of the Gold Dust ▇▇▇▇▇▇▇ Claims. c. In the event Optionor ▇▇▇▇▇▇▇ makes an assignment or transfer of the Gold Dust ▇▇▇▇▇▇▇ Claims or their interest in this Agreement and payments under this Agreement become payable to two or more parties, those parties shall appoint and shall deliver to OPTIONEE MEXIVADA a document executed by all of those parties that designates the name and address of a single agent to whom OPTIONEE MEXIVADA shall make all payments. Until OPTIONEE MEXIVADA receives such designation, OPTIONEE MEXIVADA may withhold all payments without interest. Payments withheld, if any, shall be deposited with the single agent within twenty (20) days after OPTIONEE's MEXIVADA’s receipt of the designation. OPTIONEE MEXIVADA shall have no responsibility as to the division of payments among said parties. If OPTIONEE MEXIVADA makes a payment or payments in accordance with the provisions of this Section 19, it shall be conclusively deemed that such payment or payments have been received by Optionor▇▇▇▇▇▇▇.