Common use of Assignment and/or transfer by Lessor Clause in Contracts

Assignment and/or transfer by Lessor. The Lessor may assign all (but not part) of its rights and/or transfer all (but not part) of its obligations under this Agreement and the other Lease Documents together with a contemporaneous transfer of its rights, title and interests in the Ship: 21.1.1 without the prior consent of the Lessee where the assignment or transfer is to a Lessor Group Member which is resident in the United Kingdom for the purpose of the charge to corporation tax and which carries on the trade of leasing subject only to: (a) the Lessor giving the Lessee not less than thirty (30) days prior written notice of such assignments or transfer; (b) the Lessor Parent Support Letter being in full force and effect and, simultaneously with such assignment or transfer, extended or reissued to cover such assignee or transferee; and (c) the transferee for the time being remaining a Lessor Group Member; and 21.1.2 to the Replacement Purchaser in the circumstances contemplated by clause 18.3 of this Agreement and clause 7 of the Novation Agreement; and 21.1.3 to any other person after the occurrence of any Termination Event which is continuing; or 21.1.4 to any person other than those contemplated in clause 21.1.1 to 21.1.3 above with the prior written consent of the Lessee, Provided that: (a) any transferee under this clause 21.1 shall assume all of the Lessor’s obligations; (b) no costs, charges or expenses (including stamp duties payable in respect of any transfer) shall be payable by the Lessee; and (c) notwithstanding any other provision of this Agreement or any of the other Transaction Documents, all amounts payable or receivable by the Lessee under this Agreement and the other Transaction Documents to which the Lessor and Lessee are respectively party shall be calculated as if no such assignment or transfer had taken place.