ASSIGNMENT AND SUBORDINATION. All rights of the Landlord in this lease agreement and in the leased property may be assigned, pledged, mortgaged, transferred or otherwise disposed of, either in whole or in part, without notice to the Tenant. The assignee shall be free from any and all defenses, set-off or counterclaims which the Tenant may be entitled to assert against the Landlord.
ASSIGNMENT AND SUBORDINATION. Any Inter-company Indebtedness shall be unsecured and shall be (i) assigned to the Security Agent pursuant to an Inter-company Indebtedness Assignment and (ii) subordinated to the Loan on terms acceptable to the Agent.
ASSIGNMENT AND SUBORDINATION. (a) Lessor and Lessee reserve the right to assign, transfer, and sublet the property upon which the Site is located and/or its interests in this agreement.
ASSIGNMENT AND SUBORDINATION. (a) Subject to the provisions of this section, Lessor and Lessee reserve the right to assign, transfer, and sublet the property, or any portion thereof, upon which the Site is located and/or its interests in this Agreement. Any such assignment, transfer, or sublet must be approved in writing by the non-assigning, non-transferring, or non-subletting party, such consent not to be unreasonably withheld. Notwithstanding the foregoing, it is understood by both parties that Lessor shall be entitled to approve any sublease to a third party in its sole discretion and shall also be entitled to any sublease consideration rendered for use of the property upon which the Site is located, including rents or other types of payment. Any assignee, transferee, or sublessee shall be subject to the terms of this Agreement.
ASSIGNMENT AND SUBORDINATION. Xxxxxx agrees that Lessor may assign this Rental Agreement and all right, title and interest of Xxxxxx in and to the Equipment, and all sums due or to become due to Lessor hereunder (of which assignment Xxxxxx hereby waives notice), and Xxxxxx agrees to recognize such assignment. Lessee’s obligations to pay rent under this Rental Agreement will not as to any such assignee be subject to any diminution arising out of any breach of any obligation hereunder or other liability of Lessor to Lessee. Lessee may not assign this Rental Agreement. This lease is subordinate and subject to any lease with a manufacturer or financial institution, and their interest therein, providing the Equipment to Lessor.
ASSIGNMENT AND SUBORDINATION of Property Management Agreement dated on or about the date hereof, executed by Borrower and Manager in favor of Lender.
ASSIGNMENT AND SUBORDINATION
