ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE [ILLEGIBLE] OR ANY OF ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF [ILLEGIBLE]. ANY PURPORTED ASSIGNMENT, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION, SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF DUPLICATE LESSEE (WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the following conditions shall apply:
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ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE [ILLEGIBLE] ORDER OR ANY OF ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF [ILLEGIBLE]. LESSOR ANY PURPORTED ASSIGNMENT, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION, SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF DUPLICATE LESSEE (WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the following conditions shall apply:. (a) Lessee shall remain fully liable for all payments due under each Lease Order and remain the primary obligor for all remaining obligations under this Lease Agreement and any Lease Order hereunder. (b) Lessee shall give Lessor at least thirty (30) days written notice of the location of the Equipment and the identity of the assignee or sublessee prior to the installation at assignee's or sublessee's premises. Lessee shall be responsible for obtaining any and all financing statements and other documentation reasonably requested by Lessor. (c) Any sublessee's interest in any permitted sublease hereunder shall be subordinate to the interests of Lessor or any Assignee of Lessor.
Appears in 1 contract
Samples: Master Lease Agreement (Rhythms Net Connections Inc)
ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE [ILLEGIBLE] ORDER OR ANY OF ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF [ILLEGIBLE]LESSOR. ANY PURPORTED ASSIGNMENT, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION, SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF DUPLICATE LESSEE (WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the following conditions shall apply:: (a) Lessee shall remain fully liable for all payments due under each Lease Order and remain the primary obligor for all remaining obligations under this Lease Agreement and any Lease Orders hereunder. (b) Lessee shall give Lessor at least thirty (30) days written notice of the location of the Equipment and the identity of the assignee or sublessee prior to the installation at assignee's or sublessee's premises. Lessee shall be responsible for obtaining any and all financing statements and other documentation reasonably requested by Lessor.
Appears in 1 contract
Samples: Master Lease Agreement (Rhythms Net Connections Inc)
ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE [ILLEGIBLE] ORDER OR ANY OF ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF [ILLEGIBLE]LESSOR. ANY PURPORTED ASSIGNMENT, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION, SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF DUPLICATE LESSEE (WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the following conditions shall apply:
Appears in 1 contract
Samples: Master Lease Agreement (Rhythms Net Connections Inc)
ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE [ILLEGIBLE] ORDER OR ANY OF ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF [ILLEGIBLE]LESSOR. ANY PURPORTED ASSIGNMENT, TRANSFER, PLEDGE, PLEDGE OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION, SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF DUPLICATE LESSEE (WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the following conditions shall apply:
Appears in 1 contract
ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE [ILLEGIBLE] ORDER OR ANY OF ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF [ILLEGIBLE]LESSOR. ANY PURPORTED ASSIGNMENT, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION, SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF DUPLICATE LESSEE (WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the following conditions shall apply:: (a) Lessee shall remain fully liable for all payments due under each Lease Order and remain the primary obligor for all remaining obligations under this Lease Agreement and any Lease Orders hereunder. (b) Lessee shall give Lessor at least thirty (30) days written notice of the location of the Equipment and the identity of the assignee or sublessee prior to the installation at assignee's or sublessee's premises. Lessee shall be responsible for obtaining any and all financing statements and other documentation reasonably requested by Lessor. (c) Any sublessee's interest in any permitted sublease hereunder shall be subordinate to the interests of Lessor or any Assignee of Lessor.
Appears in 1 contract