Common use of Assignment by Lessor; Assignment or Sublease by Xxxxxx Clause in Contracts

Assignment by Lessor; Assignment or Sublease by Xxxxxx. (a) Lessor may (i) assign all or a portion of Lessor’s right, title and interest in this MLA and/or any Schedule; (ii) grant a security interest in the right, title and interest of Lessor in the MLA, any Schedule and/or any Equipment; and/or (iii) sell or transfer its title and interest as owner of the Equipment and/or as Lessor under any Schedule; and DIR and each Lessee leasing Equipment under the MLA understand and agree that Xxxxxx’s assigns may each do the same (hereunder collectively “Assignment”). All such Assignments shall be subject to each Lessee’s rights under the Schedule(s) executed between it and Lessor and to DIR’s rights under the MLA. Each Lessee leasing Equipment through Schedules under this MLA and DIR hereby consent to such Assignments and agree to execute and deliver promptly such acknowledgements, Opinions of Counsel and other instruments reasonably requested to effect such Assignment. Each Lessee leasing Equipment through Schedules under this MLA and DIR acknowledge that the assigns do not assume Xxxxxx’s obligations hereunder and agree to make all payments owed to the assigns without abatement and not to assert against the assigns any claim, defense, setoff or counterclaim which DIR or the Lessee(s) may possess against the Lessor or any other party for any other reason. Lessor shall remain liable for performance under the MLA and any Schedule(s) executed hereunder to the extent Xxxxxx’s assigns do not perform Lessor’s obligations under the MLA and Schedule(s) executed hereunder. Upon any such Assignment, all references to Lessor shall also include all such assigns, whether specific reference thereto is otherwise made herein.

Assignment by Lessor; Assignment or Sublease by Xxxxxx. (a) Upon thirty (30) days advance written notice to Lessee and provided that any such assignee expressly assumes Lessor’s obligations under this MOLA and each Schedule, Lessor may (i) assign all or a portion of Lessor’s right, title and interest in this MLA MOLA and/or any Schedule; (ii) grant a security interest in the right, title and interest of Lessor in the MLAMOLA, any Schedule and/or any EquipmentAsset; and/or (iii) sell or transfer its title and interest as owner or licensor of the Equipment Hardware and Software and/or as Lessor under any Schedule; and DIR and each Lessee leasing Equipment Hardware under the MLA MOLA understand and agree that Xxxxxx’s assigns may each do the same (hereunder collectively “Assignment”). All such Assignments shall be subject to each Lessee’s rights under the Schedule(s) executed between it and Lessor and to DIR’s rights under the MLAMOLA. Each Lessee leasing Equipment Assets through Schedules under this MLA MOLA and DIR hereby consent to such Assignments and agree to execute and deliver promptly such acknowledgements, Opinions of Counsel and other instruments reasonably requested to effect such Assignment. Each Lessee leasing Equipment through Schedules under this MLA and DIR acknowledge that the assigns do not assume Xxxxxx’s obligations hereunder and agree to make all payments owed to the assigns without abatement and not to assert against the assigns any claim, defense, setoff or counterclaim which DIR or the Lessee(s) may possess against the Lessor or any other party for any other reason. Lessor shall remain liable for performance under the MLA MOLA and any Schedule(s) executed hereunder to the extent Xxxxxx’s assigns do not perform Lessor’s obligations under the MLA MOLA and Schedule(sXxxxxxxx(s) executed hereunder. Upon any such Assignment, all references to Lessor shall also include all such assigns, whether specific reference thereto is otherwise made herein.

Assignment by Lessor; Assignment or Sublease by Xxxxxx. Upon thirty (a30) days advance written notice to Lessee and provided that any such assignee expressly assumes Lessor’s obligations under this MOLA and each Schedule, Lessor may (i) assign all or a portion of Lessor’s right, title and interest in this MLA MOLA and/or any Schedule; (ii) grant a security interest in the right, title and interest of Lessor in the MLAMOLA, any Schedule and/or any EquipmentAsset; and/or (iii) sell or transfer its title and interest as owner or licensor of the Equipment Hardware and Software and/or as Lessor under any Schedule; and DIR and each Lessee leasing Equipment Hardware under the MLA MOLA understand and agree that Xxxxxx’s assigns may each do the same (hereunder collectively “Assignment”). All such Assignments shall be subject to each Lessee’s rights under the Schedule(s) executed between it and Lessor and to DIR’s rights under the MLAMOLA. Each Lessee leasing Equipment Assets through Schedules under this MLA MOLA and DIR hereby consent to such Assignments and agree to execute and deliver promptly such acknowledgements, Opinions of Counsel and other instruments reasonably requested to effect such Assignment. Each Lessee leasing Equipment through Schedules under this MLA and DIR acknowledge that the assigns do not assume Xxxxxx’s obligations hereunder and agree to make all payments owed to the assigns without abatement and not to assert against the assigns any claim, defense, setoff or counterclaim which DIR or the Lessee(s) may possess against the Lessor or any other party for any other reason. Lessor shall remain liable for performance under the MLA MOLA and any Schedule(s) executed hereunder to the extent Xxxxxx’s assigns do not perform Lessor’s obligations under the MLA MOLA and Schedule(sXxxxxxxx(s) executed hereunder. Upon any such Assignment, all references to Lessor shall also include all such assigns, whether specific reference thereto is otherwise made herein. Lessee will not sell, assign, sublet, pledge or otherwise encumber, or permit a lien to exist on or against any interest in this MOLA or the Assets without Lessor’s prior written consent except otherwise permitted under this MOLA; provided, however, that no such prior written consent from Lessor is necessary in the event of a legislative mandate to transfer the MOLA to another state agency.