Assignment, Sale, etc Sample Clauses
The ASSIGNMENT, SALE, ETC clause governs whether and how a party may transfer its rights or obligations under the agreement to another party. Typically, this clause specifies if prior written consent is required before any assignment or sale, and may outline exceptions or conditions under which transfers are permitted, such as in the case of a merger or sale of substantially all assets. Its core function is to maintain control over who is involved in the contract, preventing unwanted or unapproved third parties from assuming contractual roles, thereby protecting the interests of the original parties.
Assignment, Sale, etc of Aircraft. Any assignment, sale, transfer or other conveyance of its interest in the Aircraft by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.
Assignment, Sale, etc. OF TRUST ESTATE. Any assignment, sale, transfer or other conveyance of any portion of the Trust Estate by the Business Trustee pursuant to the terms hereof shall bind the Owner and shall be effective to transfer or convey all right, title and interest of the Trust and the Owner in and to such property. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Business Trustee.
Assignment, Sale, etc. OF AIRCRAFT. Any assignment, sale, transfer or other conveyance of the Aircraft, any Engine, any Part or any interest therein by the Owner Trustee made pursuant to the terms hereof or of the Lease or the Participation Agreement shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to the Aircraft, such Engine, such Part or interest therein. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.
Assignment, Sale, etc of Aircraft and Airframe ----------------------------------------------- N608FF. Any assignment, sale, transfer or other conveyance of either Aircraft or Airframe N608FF or any part thereof by the Owner Trustee made pursuant to the terms hereof or of the Lease shall bind the Owner Participant and shall be effective to transfer or convey all right, title and interest of the Owner Trustee and the Owner Participant in and to either Aircraft, Airframe N608FF or such part so assigned, sold, transferred or conveyed. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such assignment, sale, transfer or conveyance or as to the application of any sale or other proceeds with respect thereto by the Owner Trustee.