Common use of Assignments and Subleasing Clause in Contracts

Assignments and Subleasing. We may assign a Schedule or any interest of ours in a Schedule to any person or entity. Our assignees may reassign a Schedule to us. If the entity to which we assign a Schedule or any interest of ours in a Schedule is not an affiliated entity of ours, we will provide you with prior written notice of such assignment. Such notice to you will be for informational purposes only and you do not, and will not have any right to approve or object to such assignment. You agree that if we do assign a Schedule, our assignee will have the same rights and benefits we now have. You agree that the rights of our assignee will not be subject to claims, defenses or set-offs that you may have against us. In the case of GE Equipment, we may subcontract to a service contractor of our choice any of our service obligations to you. No such assignment or subcontract will release us from those obligations, if any, to you. You may not assign or otherwise transfer a Schedule, or any interest in a Schedule, without our prior written consent. Any assignment or transfer without this type of consent will be void. Any consent to such assignment or transfer will not be deemed to be a consent to any later assignment or transfer. You will not sublease the Equipment in whole or in part without our prior written consent. Any sublease without this type of consent will be void. No Schedule or interest in a Schedule and no Equipment or any related Operating Package or service will be subject to involuntary assignment or transfer. Any such attempted assignment, sublease, sublicense, transfer or sale will be void, and will, at our option, terminate the Schedule and every lease of sublease of Equipment.

Assignments and Subleasing. We may assign a Schedule or any interest of ours in a Schedule to any person or entity. Our assignees Assignees may reassign a Schedule schedule to us. If the entity to which we assign a Schedule or any interest of ours in a Schedule is not an affiliated entity of ours, we will provide you with prior written notice of such assignment. Such notice to you will be for informational purposes only and you do not, and will not have any right to approve or object to such assignment. You agree that if we do assign a Schedule, our assignee will have the same rights and benefits we now have. You agree that the rights of our assignee will not be subject to claims, defenses or set-offs that you may have against us. In the case of GE Equipment, we may subcontract to a service contractor of our choice any of our service obligations to you. No such assignment or subcontract will release us from those obligations, if any, to you. You may not assign or otherwise transfer a Schedule, or any interest in a Schedule, without our prior written consent. Any assignment or transfer without this type of consent will be void. Any consent to such assignment or transfer will not be deemed to be a consent to any later assignment or transfer. You will not sublease the Equipment in whole or in part without our prior written consent. Any sublease without this type of consent will be void. No Schedule or interest in a Schedule and no Equipment or any related Operating Package or service will be subject to involuntary assignment or transfer. Any such attempted assignment, sublease, sublicense, transfer or sale will be void, and will, at our option, terminate the Schedule and each and every lease of sublease of Equipment. *Trademark of General Electric Company MASTER MASTERLINE AGREEMENT ------------------------------------------------------------------------------- LIMITATIONS OF REMEDIES AND DAMAGES THE TOTAL LIABILITY OF US AND OUR REPRESENTATIVES TO YOU AND YOUR EXCLUSIVE REMEDY RELATING TO A SCHEDULE IS LIMITED TO THE MONTHLY RENTAL FOR THE SERVICE WHICH IS THE BASIS FOR THE CLAIM. You agree that we and our representatives have no liability to you for (1) any penal, punitive, special, incidental, or consequential damages such as lost profit or revenue, (2) any assistance not required under the Schedule, or (3) anything occurring after the end of a Schedule. You will be barred from any remedy unless you give us prompt written notice of the problem. This is a commercial lease transaction. Any claim related to this contract will be covered solely by commercial legal principles, WE, OUR REPRESENTATIVES AND YOU WILL NOT HAVE ANY NEGLIGENCE OR OTHER TORT LIABILITY TO THE OTHER ARISING FROM A SCHEDULE. This limitation does not affect claims by third parties for personal injury due to our, our representative's, or your negligence or product liability.