Common use of Assignment and Subleasing by Xxxxxx Clause in Contracts

Assignment and Subleasing by Xxxxxx. Neither this Lease nor Xxxxxx's interest in the Equipment may be assigned by Xxxxxx without the written consent of Xxxxxx. However, the Equipment may be subleased by Lessee, in whole or in part, without the consent of Lessor, subject, however, to each of the following conditions: (i) This Lease and the obligation of Lessee to make Rental Payments hereunder, shall remain obligations of Xxxxxx. (ii) The sublessee shall assume the obligations of Lessee hereunder to the extent of the interest subleased. (iii) Lessee shall, within thirty (30) days after the delivery thereof, furnish or cause to be furnished to Lessor a true and complete copy of such sublease. (iv) No sublease by Lessee shall cause the Equipment to be used for a purpose other than a governmental function authorized under the provisions of the Constitution and laws of the State. (v) No sublease shall cause the Interest component of the Rental Payments due with respect to the Equipment to become includible in gross income of the recipient for federal income tax purposes.

Assignment and Subleasing by Xxxxxx. Neither this Lease nor Xxxxxx's ’s interest in the Equipment may be assigned by Xxxxxx without the written consent of Xxxxxx. However, the Equipment may be subleased by Lessee, in whole or in part, without the consent of Lessor, subject, however, to each of the following conditions: (ia) This Lease and the obligation of Lessee to make Rental Lease-Purchase Payments hereunder, shall remain obligations of Xxxxxx. (iib) The sublessee sublease shall assume the obligations obligation of Lessee hereunder to the extent of the interest subleased. (iiic) Lessee shall, within thirty (30) 30 days after the delivery thereof, furnish or cause to be furnished to Lessor a true and complete copy of such sublease. (ivd) No sublease by Lessee shall cause the Equipment to be used for a purpose other than a an essential governmental function authorized under the provisions of the Constitution and the laws of the State. (ve) No sublease shall cause the Interest component of the Rental Lease-Purchase Payments due with respect to the Equipment to become includible includable in gross income of the recipient for federal income tax purposes.