Assignment by the Trustee; Replacement of the Trustee. Except as otherwise provided in this Lease and the Indenture, this Lease may not be assigned by the Trustee for any reason other than to a successor by operation of law or to a successor trustee under the Indenture or with the prior written consent of the City which consent shall not be unreasonably withheld. The Trustee will notify the City of any assignment to a successor by operation of law. If an Event of Lease Default or Event of NonappropriationNon-appropriation has occurred and is continuing, the Trustee may act as herein provided, including exercising the remedies set forth in Section 15.2, without the prior written direction of the City.
Appears in 1 contract
Samples: Lease Purchase Agreement
Assignment by the Trustee; Replacement of the Trustee. Except as otherwise provided in this Lease and the Indenture, this Lease may not be assigned by the Trustee for any reason other than to a successor by operation of law or to a successor trustee under the Indenture or with the prior written consent of the City Town which consent shall not be unreasonably withheld. The Trustee will notify the City Town of any assignment to a successor by operation of law. If an Event of Lease Default or Event of NonappropriationNon-appropriation Nonappropriation has occurred and is continuing, the Trustee may act as herein provided, including exercising the remedies set forth in Section 15.213.2, without the prior written direction of the CityTown.
Appears in 1 contract
Samples: Lease Purchase Agreement
Assignment by the Trustee; Replacement of the Trustee. Except as otherwise provided in this Lease and the Indenture, this Lease may not be assigned by the Trustee for any reason other than to a successor by operation of law or to a successor trustee under the Indenture or with the prior written consent of the City which consent shall not be unreasonably withheld. The Trustee will notify the City of any assignment to a successor by operation of law. If an Event of Lease Default or Event of NonappropriationNonNon-appropriation has occurred and is continuing, the Trustee may act as herein provided, including exercising the remedies set forth in Section 15.2, without the prior written direction of the City.
Appears in 1 contract
Samples: Lease Purchase Agreement
Assignment by the Trustee; Replacement of the Trustee. Except as otherwise provided in this Lease and the Indenture, this Lease may not be assigned by the Trustee for any reason other than to a successor by operation of law or to a successor trustee under the Indenture or with the prior written consent of the City District which consent shall not be unreasonably withheld. The Trustee will notify the City District of any assignment to a successor by operation of law. If an Event of Lease Default or Event of NonappropriationNon-appropriation Nonappropriation has occurred and is continuing, the Trustee may act as herein provided, including exercising the remedies set forth in Section 15.214.2, without the prior written direction of the CityDistrict.
Appears in 1 contract
Samples: Lease Purchase Agreement