Common use of SALE OR ASSIGNMENT BY LESSOR Clause in Contracts

SALE OR ASSIGNMENT BY LESSOR. 22.2.1 Subject to Lessee’s rights pursuant to and in conformity with the provisions of this Lease including without limitation this Article 22, Lessor may at any time and without Lessee’s consent sell, assign or transfer its rights, interest and obligations hereunder or with respect to the Aircraft to a third party (“Lessor’s Assignee”). For a period of two (2) years after Lessor’s sale or assignment and at Lessee’s cost, Lessee will continue to name the prior Lessor and the other Indemnitees as additional insureds under the Aviation and Airline General Third Party Liability Insurance specified in Exhibit C. 22.2.2 In the event of the sale of the Aircraft and transfer of Lessor’s rights and obligations under and in conformity with the provisions of this Lease including without limitation this Article 22, Lessor’s Assignee will become “Lessor” of the Aircraft under this Lease and the transferring party (the prior “Lessor”) will be relieved of all liability to Lessee under this Lease for obligations arising on and after the date the Aircraft is sold in conformity with the provisions of this Lease. Lessee will acknowledge and accept Lessor’s Assignee as the new “Lessor” under this Lease and will look solely to Lessor’s Assignee for the performance of all Lessor obligations and covenants under this Lease arising on and after such sale date of the Aircraft, provided Lessor’s Assignee and such sale or other transfer comply with the provisions of this Article 22.

SALE OR ASSIGNMENT BY LESSOR. 22.2.1 25.2.1 Subject to Lessee’s LESSEE's rights pursuant to and in conformity with the provisions of this Lease including without limitation this Article 22Lease, Lessor LESSOR may at any time and without Lessee’s LESSEE's consent sell, assign or transfer its rights, interest and obligations hereunder hereunder, under any other Operative Document, or with respect to the Aircraft to a third party Permitted Transferee; provided, however, that no such transfer shall (“Lessor’s Assignee”a) cause any added expenses, costs or liabilities to LESSEE, (b) materially increase LESSEE's obligations hereunder (including but not limited to LESSEE's liabilities or obligations pursuant to Articles 16 or 17), or (c) materially adversely affect LESSEE's rights under this Lease. For a period of two (2) years after Lessor’s such sale or assignment and at Lessee’s LESSEE's cost, Lessee LESSEE will continue to name the prior Lessor and the other Indemnitees LESSOR as an additional insureds insured under the Aviation and Airline General Third Party Liability Insurance specified in Exhibit C.E. 22.2.2 25.2.2 The term "LESSOR" as used in this Lease means the lessor of the Aircraft at the time in question. In the event of the sale of the Aircraft and transfer of Lessor’s LESSOR's rights and obligations under and in conformity with the provisions of this Lease including without limitation this Article 22to a Permitted Transferee, Lessor’s Assignee such Permitted Transferee will become “Lessor” "LESSOR" of the Aircraft under this Lease and the transferring party (the prior “Lessor”"LESSOR") will be relieved of all liability to Lessee LESSEE under this Lease for obligations arising on and after the date the Aircraft is sold in conformity with the provisions of this Leasesold. Lessee LESSEE will acknowledge and accept Lessor’s Assignee the Permitted Transferee as the new “Lessor” "LESSOR" under this Lease and will look solely to Lessor’s Assignee the Permitted Transferee for the performance of all Lessor LESSOR obligations and covenants under this Lease arising on and after such the Aircraft sale date of the Aircraft, provided Lessor’s Assignee and such sale or other transfer comply with the provisions of this Article 22date.

SALE OR ASSIGNMENT BY LESSOR. 22.2.1 24.2.1 Subject to LesseeLESSEE’s rights pursuant to and in conformity with the provisions of this Lease including without limitation this Article 22Lease, Lessor LESSOR may at any time and without LesseeLESSEE’s consent sell, assign or transfer its rights, interest and obligations hereunder hereunder, under any other Operative Document, or with respect to the Aircraft to a third party Permitted Transferee; provided, however, that no such transfer shall (“Lessora) cause any added expenses, costs or liabilities to LESSEE, (b) materially increase LESSEE’s Assignee”obligations hereunder (including but not limited to LESSEE’s liabilities or obligations pursuant to Articles 16 or 17), or (c) materially adversely affect LESSEE’s rights under this Lease. For a period of two (2) years after Lessor’s such sale or assignment and at LesseeLESSEE’s cost, Lessee LESSEE will continue to name the prior Lessor and the other Indemnitees LESSOR as an additional insureds insured under the Aviation and Airline General Third Party Liability Insurance specified in Exhibit C.E. 22.2.2 24.2.2 The term “LESSOR” as used in this Lease means the lessor of the Aircraft at the time in question. In the event of the sale of the Aircraft and transfer of LessorLESSOR’s rights and obligations under and in conformity with the provisions of this Lease including without limitation this Article 22to a Permitted Transferee, Lessor’s Assignee such Permitted Transferee will become “LessorLESSOR” of the Aircraft under this Lease and the transferring party (the prior “LessorLESSOR”) will be relieved of all liability to Lessee LESSEE under this Lease for obligations arising on and after the date the Aircraft is sold in conformity with the provisions of this Leasesold. Lessee LESSEE will acknowledge and accept Lessor’s Assignee the Permitted Transferee as the new “LessorLESSOR” under this Lease and will look solely to Lessor’s Assignee the Permitted Transferee for the performance of all Lessor LESSOR obligations and covenants under this Lease arising on and after such the Aircraft sale date of the Aircraft, provided Lessor’s Assignee and such sale or other transfer comply with the provisions of this Article 22date.