Assignment by the Lessor. The Lessor may, at any time and from time to time, assign all or any part of its interest in the Equipment or this Agreement, including without limitation, the Lessor's rights to receive the rental payments and any additional payments due and to become due hereunder. The Lessee agrees that this Agreement may become part of a pool of agreement obligations at the Lessor's or its assignee's option. The Lessor or its assignees may assign or reassign either the entire pool or any partial interest herein. Notwithstanding the foregoing, no assignment or reassignment in the Equipment or this Agreement shall be effective unless and until the Lessee shall receive a duplicate original counterpart of the document by which such assignment or reassignment is made disclosing the name and address of each such assignee. The Lessee agrees to execute any document reasonably required by the Lessor in connection with any assignment. After the giving of notice described above to the Lessee, the Lessee shall thereafter make all payments in accordance with the notice to the assignee named therein and shall, if so requested, acknowledge such assignment in writing, but such acknowledgment shall in no way be deemed necessary to make the assignment effective.
Appears in 4 contracts
Samples: Equipment Lease Purchase Agreement, Escrow Agreement, Equipment Lease Purchase Agreement
