Common use of Consent of Lessee to Assignment of Lease as Security Clause in Contracts

Consent of Lessee to Assignment of Lease as Security. The Lessee hereby acknowledges and consents to the Indenture Trustee's rights pursuant to the terms of the Indenture to receive payments (other than Excepted Payments not constituting Basic Rent) due under this Lease, to transfer or assign title to the Aircraft subject to this Lease, to make (jointly with the Lessor where provided in the Indenture) all waivers and agreements except as otherwise provided in the Indenture (including Section 8.01 thereof), to give all notices, consents and releases and to take all action upon the happening of a Default or Event of Default under this Lease (except as otherwise specifically provided in the Indenture, including Section 8.01 thereof), or to do any and all other things whatsoever which the Lessor is or may become entitled to do under this Lease (except as otherwise provided in the Indenture, including Section 8.01 thereof); all or any of which rights, obligations, benefits and interests may, pursuant to the terms of the Indenture, be reassigned or retransferred by the Indenture Trustee at any time and from time to time (except as otherwise provided in the Indenture); provided, however, that the Lessor, except to the extent, and for such time as, it is unable to do so by virtue of the Indenture, shall remain liable for the performance of all the terms, conditions, covenants and provisions for which it is obligated under this Lease notwithstanding such assignment.

Consent of Lessee to Assignment of Lease as Security. The Lessee hereby acknowledges and consents to the Indenture Trustee's rights pursuant to the terms of the Indenture to receive payments (other than Excepted Payments not constituting Basic RentPayments) due under this Lease, to transfer or assign title to the Aircraft subject to this Lease, to make (jointly with the Lessor where provided in the Indenture) all waivers and agreements except as otherwise provided in the Indenture (including Section ss. 8.01 thereof), to give all notices, consents consents, and releases and to take all action upon the happening of a Default or an Event of Default under this Lease (except as otherwise specifically provided in the Indenture, including Section ss. 8.01 thereof), or to do any and all other things whatsoever which the Lessor is or may become entitled to do under this Lease (except as otherwise provided in the Indenture, including Section ss. 8.01 thereof); all or any of which rights, obligations, benefits benefits, and interests may, pursuant to the terms of the Indenture, be reassigned or retransferred by the Indenture Trustee at any time and from time to time (except as otherwise provided in the Indenture); provided, however, that the Lessor, except to the extent, and for such time as, it is unable to do so by virtue of the Indenture, shall remain liable for the performance of all the terms, conditions, covenants and provisions for which it is obligated under this Lease notwithstanding such assignment.