By Sublessor. Subject to Sublessee's rights pursuant to this Agreement, Sublessor may at any time and without Sublessee's consent sell, assign or transfer its rights and interest hereunder and under the other Transaction Documents to a third party, (Sublessor's Assignee). Sublessor will in good faith co-operate with Sublessee to ensure minimum practical disturbance or cost in connection with such assignment or transfer of rights and interest hereunder. Sublessee agrees to co-operate in good faith with Sublessor in such sale, assignment or transfer and provide Sublessor and Sublessor's Assignee with such reasonable assistance as Sublessor may require, including but not limited to assisting in any of Sublessor's and Sublessor's Assignee's efforts to minimise or eliminate any Taxes related to such assignment or transfer. For a period of two (2) years after any such sale or assignment and at Sublessee's cost, Sublessee will continue to name Owner Trustee, Sublessor, Lender and any Maintenance Facilities or parts or equipment vendors identified by Sublessor as additional insureds in accordance with the insurance requirements set out in Clause 21.
Appears in 2 contracts
Sources: Aircraft Sublease Agreement (Frontier Airlines Inc /Co/), Aircraft Sublease Agreement (Frontier Airlines Inc /Co/)
By Sublessor. Subject to Sublessee's rights pursuant to this Agreement, Sublessor may at any time and without Sublessee's consent sell, assign or transfer its rights and interest hereunder and under the other Transaction Documents to a third party, (Sublessor's Assignee). Sublessor will in good faith co-operate with Sublessee to ensure minimum practical disturbance or cost in connection with such assignment or transfer of rights and interest hereunder. Sublessee agrees to co-operate in good faith with Sublessor in such sale, assignment or transfer and provide Sublessor and Sublessor's Assignee with such reasonable assistance as Sublessor may require, including but not limited to assisting in any of Sublessor's and Sublessor's Assignee's efforts to minimise minimize or eliminate any Taxes related to such assignment or transfer. For a period of two (2) years after any such sale or assignment and at Sublessee's cost, Sublessee will continue to name Owner Trustee, Sublessor, Lender and any Maintenance Facilities or parts or equipment vendors identified by Sublessor as additional insureds in accordance with the insurance requirements set out in Clause 21.
Appears in 1 contract
Sources: Aircraft Sublease Agreement (Frontier Airlines Inc /Co/)