Assignment; Rights Reserved Sample Clauses
The "Assignment; Rights Reserved" clause defines whether and how a party may transfer its rights or obligations under the agreement to another party. Typically, this clause restricts assignment without the prior written consent of the other party, ensuring that contractual duties and benefits remain with the original signatories unless otherwise agreed. By reserving rights, the clause also clarifies that any rights not expressly granted remain with the original party. Its core function is to maintain control over who is bound by or benefits from the contract, thereby preventing unwanted or unauthorized transfers that could affect the parties' interests.
Assignment; Rights Reserved. Subject to the provisions of paragraph 3(a) hereof, Assignor does hereby sell, assign, transfer and set over unto Assignee, except to the extent reserved below, all of Assignor's rights and interests in and to the Purchase Agreement, as and to the extent that the same relate to the Aircraft and the operation thereof, including, without limitation, (a) all claims for damages in respect of the Aircraft arising as a result of any default by the Manufacturer under the Purchase Agreement, including, without limitation, all warranty, service life policy, aircraft performance guarantee and indemnity provisions in the Purchase Agreement in respect of the Aircraft and all claims thereunder and (b) any and all rights of Assignor to compel performance of the terms of the Purchase Agreement in respect of the Aircraft; reserving to Assignor, however, (i) all of Assignor's rights and interests in and to the Purchase Agreement as and to the extent that it relates to any matters not in respect of the Aircraft, (ii) all of Assignor's rights and interests under the Purchase Agreement (other than under Exhibit B (Product Assurance Document) thereof), (iii) all of Assignor's rights and interests in or arising out of any payments or deposits made or to be made by Assignor or amounts credited or to be credited or paid or to be paid by the Manufacturer to Assignor in respect of the Aircraft under the Purchase Agreement, (iv) all of Assignor's rights and interests in and to any Spare Parts General Terms Agreement and (v) with respect to the Aircraft so long, and only so long, as the Manufacturer shall not have received written notice from the Indenture Trustee or the Owner Trustee (including by mail, courier, telex, or telecopy thereof from the Indenture Trustee or the Owner Trustee addressed to the Manufacturer's Vice President - Contracts at P.▇. ▇▇▇ ▇▇▇▇, Mail Code 21-34, S▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ if by mail; 1▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇. ▇.▇., ▇/▇ ▇▇-▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, if by courier; 4▇▇-▇▇▇-▇▇▇▇ if by telecopy and 32-9430 (answerback BOEINGREN), if by telex) that an Event of Default under the Lease has occurred and is continuing or that the Lease has terminated, all rights to demand, accept and retain all rights in and to property (other than the Aircraft), data, documents, training and services of any kind which the Manufacturer is obligated to provide or does provide pursuant to the Purchase Agreement with respect to the Aircraft.
Assignment; Rights Reserved. Subject to the provisions of paragraph 3(a) hereof, Assignor does hereby sell, assign, transfer and set over unto Assignee, except to the extent reserved below, all of Assignor's right, title and interest in and to the Contract Rights, as and to the extent that the same relate to the Aircraft.
Assignment; Rights Reserved. Subject to the provisions of paragraph 3(a) hereof, Assignor does hereby sell, assign, transfer and set over unto Assignee, all of Assignor's rights and interests in and to (i) Clauses 12, 13 and, to the extent relating to acts to be performed following the date of enforcement of this Purchase Agreement Assignment, 17 of the Purchase Agreement (but not any other provision of the Purchase Agreement or any letter agreement referred to therein) as such Clauses relate to the Aircraft (the "Assigned Warranties"), and (ii) the Guaranty as it relates to the Assigned Warranties; reserving to Assignor, however, all of Assignor's rights and interests in and to Clauses 12, 13 and, to the extent relating to acts to be performed following the date of enforcement of this Purchase Agreement Assignment, 17 of the Purchase Agreement and the Guaranty as and to the extent that such Clauses of the Purchase Agreement and the Guaranty relate to aircraft other than the Aircraft and to the extent that the Purchase Agreement and the Guaranty relate to any other matters not directly pertaining to the Aircraft.
Assignment; Rights Reserved. Subject to the provisions of paragraph 3(a) hereof, Assignor does hereby sell, assign, transfer and set over unto Assignee, except to the extent reserved below, all of Assignor's right, title and interest in, to and under Parts 1,2,3,4 and 6 of the Product Assurance Document attached as Exhibit C to the AGTA-DAL, but only to the extent that the same relate to the continuing rights of Assignor in respect of any warranty or indemnity, express or implied, pursuant to the Product Assurance Document with respect to the Airframe (collectively, the "Warranty Rights").