Common use of Consent to Assignment or Replacement Clause in Contracts

Consent to Assignment or Replacement. At the request of an Obligor, the Servicer may in its sole discretion consent to the assignment of the related Contract or the sublease of a unit of the Equipment relating to a Contract, so long as such Obligor remains liable for all of its obligations under such Contract. Upon the request of any Obligor, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of Equipment, so long as such Obligor remains liable for all of its obligations under such Contract.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Newcourt Receivables Corp Ii), Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2002-1 LLC), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000 B)

AutoNDA by SimpleDocs

Consent to Assignment or Replacement. At the request of an Obligor, the Servicer may in its sole discretion consent to the assignment of the related Contract or the sublease of a unit of the Equipment relating to a Contract, so long as such Obligor remains liable for all of its obligations under such Contract. Upon the request of any Obligor, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of Equipmentequipment, so long as such Obligor remains liable for all of its obligations under such Contract.

Appears in 1 contract

Samples: Agency and Servicing Agreement (Newcourt Receivables Corp)

Consent to Assignment or Replacement. At the request of an Obligor, the Servicer may in its sole discretion consent to the assignment of the related Contract or the sublease of a unit of the Equipment relating to a Contract, so long as such Obligor remains liable for all of its obligations under such Contract. Upon the request of any Obligor, the Servicer may, in its sole discretion, provide for the 51 57 substitution or replacement of any unit of Equipment for a substantially similar unit of Equipment, so long as such Obligor remains liable for all of its obligations under such Contract.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2000-1 LLC)

AutoNDA by SimpleDocs

Consent to Assignment or Replacement. At the request of an Obligor, the Servicer may in its sole discretion consent to the assignment of the related Contract or the sublease of a unit of the Equipment any Financed Item relating to a Contract, so long as such Obligor remains liable for all of its obligations under such Contract. Upon the request of any Obligor, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment any Financed Item for a substantially similar unit of Equipmentany Financed Item, so long as such Obligor remains liable for all of its obligations under such Contract.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Fidelity Leasing Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.