Common use of Right of the Lessor to Assign this Agreement Clause in Contracts

Right of the Lessor to Assign this Agreement. The Lessor shall have the right to finance the acquisition and ownership of Group III Vehicles by selling or assigning its right, title and interest in moneys due from each Lessee and any third party under this Agreement; provided, however, that any such sale or assignment shall be subject to the rights and interest of the relevant Lessee in such Vehicles, including but not limited to such Lessee's right of quiet and peaceful possession of the Lessor-Owned Vehicles as set forth in Section 12 of Annex A to this Agreement, and under this Agreement.

Appears in 1 contract

Sources: Master Motor Vehicle Lease Agreement (Budget Group Inc)

Right of the Lessor to Assign this Agreement. The Lessor shall have the right to finance the acquisition and ownership of Group III II Vehicles by selling or assigning its right, title and interest in moneys due from each Lessee and any third party under this Agreement; provided, however, that any such sale or assignment shall be subject to the rights and interest of the relevant Lessee in such Vehicles, including but not limited to such Lessee's right of quiet and peaceful possession of the Lessor-Owned Vehicles as set forth in Section 12 of Annex A to this Agreement, and under this Agreement.

Appears in 1 contract

Sources: Master Motor Vehicle Lease Agreement (Budget Group Inc)