Lessor Assignment Sample Clauses

Lessor Assignment. Except pursuant to the Existing Financing Documents and the Novation Agreement, it has not assigned or transferred any of its rights or obligations under the Lease Documents.

Lessor Assignment. The Lessor may sell, assign (for purposes of this Clause 14.2, not including an assignment for security purposes) or transfer all or any of its rights under this Agreement and in the Leased Property provided that the provisions of this Clause 14.2 are satisfied (a "Transfer") and the Lessor will have no further obligations under this Agreement following a Transfer (other than obligations that are outstanding as of the date of such Transfer) but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement. (a) In connection with any Transfer, the following conditions shall apply: (i) Lessor shall give Lessee written notice of such Transfer at least 10 Business Days before the date of such Transfer, specifying the name and address of the proposed purchaser, assignee or transferee (the "Transferee"); (ii) the Transferee will be either (1) a Person reasonably experienced in aircraft leasing (or the Transferee's rights and powers under this Agreement shall be exercised or serviced on its behalf pursuant to an appropriate management or servicing agreement by a Person having such experience) with a net worth in excess of $15,000,000, or (2) a Person with at least 10 years of experience (or whose principals have at least 10 years of experience) in aircraft leasing (or the Transferee's rights and powers under this Agreement shall be exercised or serviced on its behalf pursuant to an appropriate management or servicing agreement by a Person having such experience) with a net worth in excess of $7,500,000 and which causes a United States bank, trust company or other financial institution to agree to hold all Additional Rent paid to Lessor in a segregated, interest-bearing account of such institution to be applied to the obligations of Lessor pursuant to Clause 7.2 of this Agreement; (iii) the Transferee will be a "citizen of the United States" within the meaning of Section 40102(a)(15) of the Federal Aviation Law and have full corporate power and authority to enter into and perform the transactions contemplated by this Agreement on the part of "Lessor"; (iv) on the Transfer date the Lessor and the Transferee shall enter into an agreement or agreements acceptable to Lessee in its reasonable discretion in which the Transferee confirms that it shall be deemed a party to this Agreement and agrees to be bound by all the terms of, and to undertake all of the obligations of, the Lessor contained in this Agreement; (v) such Transf...

Lessor Assignment. Lessor may assign this Lease at any time in its sole discretion, including without limitation, as collateral to secure indebtedness, and in such event Lessee agrees to promptly execute and deliver such estoppel letters and/or subordination, non-disturbance and attornment agreements covering this Lease as reasonably required by Lessor or any successor in interest.

Lessor Assignment. The CLT may concurrently assign and transfer all, but not less than all, of the fee simple interest in the Home and the lessor’s interest in this Lease to another entity that shares the Goal (that transfer and assignment, an “Assignment”; the assignee under an Assignment, the “Assignee”; the assignor under an Assignment, the “Assignor”). An Assignee may make an Assignment in same way this Lease permits an Assignor to make an Assignment. Under an Assignment: (1) the Assignee becomes the CLT under this Lease, and the Homeowner shall attorn to the Assignee under this Lease; (2) the Assignor is relieved of its obligations and liabilities under this Lease; and (3) the Assignee assumes the Assignor’s obligations and liabilities under this Lease. The Assignee or the Assignor shall notify the Homeowner about the Assignment before or promptly after completing the Assignment.

Lessor Assignment. Lessor may sell, assign or transfer all or any of its rights under the Operative Documents and in the Leased Property (a “Transfer”) and Lessor will, other than in the case of an assignment for security purposes, have no further obligation under the Operative Documents following a Transfer but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement. (a) In connection with any Transfer, the following conditions shall apply: (i) Lessor shall give Lessee written notice of such Transfer at least 10 Business Days before the date of such Transfer, specifying the name and address of the proposed purchaser, assignee or transferee (the “Transferee”); (ii) the Transferee will either (1) be an Affiliate of Lessor or (2) be a Person reasonably experienced in aircraft leasing (or the Transferee’s rights and powers under this Agreement shall be exercised or serviced on its behalf pursuant to an appropriate management or servicing agreement by a Person having such experience); (iii) the Transferee will have full corporate power and authority to enter into and perform the transactions contemplated by this Agreement on the part of “Lessor”; (iv) such Transfer shall not result in a change of State of Registration (unless otherwise agreed with ▇▇▇▇▇▇);

Lessor Assignment. Lessor may assign, at its cost and expense (unless an Event of Default shall have occurred and be continuing, in which case such assignment shall be at Lessee’s cost and expense), all or any of its rights under this Agreement and in the Aircraft.

Lessor Assignment. Lessor may from time to time without notice to Lessee sell, mortgage, pledge, grant a security interest in, assign or otherwise transfer (each, a "Transfer"), in whole or in part, this Lease, the Plunger Mold, or any of its interests, rights or obligations with respect hereto or thereto, including, without limitation, all Rent and other sums due or to become due under this Lease, to one or more persons or entities (each an "Assignee"). Each Assignee shall have, to the extent provided in any document effecting such Transfer, Lessor's rights, powers, privileges and remedies with respect thereto but shall not be obligated to Lessee, except to the extent expressly provided in any document, instrument or agreement executed by such Assignee in connection with a Transfer (each, a "Transfer Document"), to observe or perform any duty, covenant or condition required to be observed or performed by Lessor. Except to the extent expressly assumed by an Assignee in any Transfer Document, no Transfer shall relieve Lessor from any of its obligations to Lessee. Lessee shall, upon receipt of notice of a Transfer from Lessor, be bound by such Transfer. The rights of any such Assignee in and to any sums payable to Lessor under provisions of this Lease shall not be subject to any abatement whatsoever and shall not be subject to any claim, defense, counterclaim, setoff or recoupment whatsoever that Lessee may at any time have against Lessor. Lessee agrees that any such transfer or assignment will not impair the prospect of obtaining return performance by, materially change the duty of, or materially increase the burden or risk imposed on, Lessee under this Lease, and Lessee waives any rights or remedies it may otherwise have, under Article 2A of the Uniform Commercial Code (the "UCC") in effect in the State of New York or in any other jurisdiction, or otherwise, to oppose, prohibit, claim damages with respect to or otherwise affect any such transfer or assignment. Any Assignee shall be considered a third party beneficiary of all of Lessee's representations, warranties and obligations hereunder to Lessor. Lessee agrees (a) in connection with any such transfer or assignment, to provide such instruments, documents, acknowledgments and further assurances as Lessor or any Assignee may deem necessary or advisable to effectuate the intents of this Lease or any such Transfer, with respect to such matters as this Lease, the Plunger Mold, Lessee's obligations to such Assignee and such oth...

Lessor Assignment. Without notice to Lessee, Lessor may assign or sell its interest in, grant a security interest in, or otherwise transfer, in whole or in part to any person or entity (each such person or entity an "Assignee"), this Agreement, one or more Schedules, any or all of the Vehicles or any of its rights, interests or obligations with respect thereto, including, without limitation, all Rent and other sums due or to become due under any Schedule to one or more persons or entities. Upon notice thereof from Lessor (as provided in Section 27(e) below), Lessee shall pay Rent to an Assignee. Lessee acknowledges that any such assignment or transfer by Lessor will not materially impair ▇▇▇▇▇▇'s prospect of obtaining return performance by Lessor, materially change Lessee's duties or obligations under this Agreement or any affected Schedule, nor materially increase the burdens or risks imposed on Lessee, and ▇▇▇▇▇▇ further agrees that any such assignment or transfer shall be permitted even if the same could be deemed to materially affect the interests of Lessee. ▇▇▇▇▇▇ SHALL NOT ASSERT AGAINST ANY ASSIGNEE ANY CLAIM, DEFENSE, COUNTERCLAIM OR SET-OFF THAT LESSEE MAY AT ANY TIME HAVE AGAINST ▇▇▇▇▇▇.

Lessor Assignment. It is understood and agreed that the Lessor may assign all or any part of its interest in the Lease to any person whatsoever at any time and from time to time during the term of the Lease without consent of or notice to the Lessee; provided that the Lessor agrees to provide reasonable notice to the Lessee following any such assignment.