Common use of Assignment by the Lessor Clause in Contracts

Assignment by the Lessor. The Lessor's interest in this Lease has been assigned as security to the Indenture Trustee pursuant to the Indenture for the benefit of the holders from time to time of the Equipment Notes, and the Lessee acknowledges due notice of, and consents to, such security assignment. The Lessor may not, without the prior consent of the Lessee, otherwise assign any of its rights under or interest in this Lease except to a successor Owner Trustee or additional trustee referred to in Section 9.01 of the Participation Agreement and Section 9.01 of the Trust Agreement or as otherwise expressly provided herein.

Appears in 3 contracts

Samples: Lease Agreement (Midway Airlines Corp), Lease Agreement (Midway Airlines Corp), Note Purchase Agreement (Midway Airlines Corp)

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Assignment by the Lessor. The Lessor's interest in this Lease has been assigned as security to the Indenture Trustee pursuant to the Indenture for the benefit of the holders from time to time of the Equipment NotesCertificates, and the Lessee acknowledges due notice of, and consents to, such security assignment. The Lessor may not, without the prior consent of the Lessee, otherwise assign any of its rights under or interest in this Lease except to a successor Owner Trustee or additional trustee referred to in Section 9.01 of the Participation Agreement and Section 9.01 of the Trust Agreement 22(a) hereof or as otherwise expressly provided herein.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

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