Common use of Lessor Assignment Clause in Contracts

Lessor Assignment. The Lessor may sell, assign or transfer all or any of its rights under this Agreement and in the Aircraft (a "TRANSFER") and the Lessor will, other than in the case of an assignment for security purposes, have no further obligation under this Agreement following a Transfer but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

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Lessor Assignment. The Lessor may sell, assign or transfer all or any of its rights under this Agreement and in the Aircraft (a "TRANSFERTransfer") and the Lessor will, other than in the case of an assignment for security purposes, have no further obligation under this Agreement following a Transfer but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc), Lease Agreement (Airfund International Limited Partnership)

Lessor Assignment. The Lessor may sell, assign or transfer all or any of its rights under this Agreement and in the Aircraft (a "TRANSFERTransfer") and the Lessor will, other than in the case of an assignment for security purposes, have no further obligation under this Agreement following a Transfer but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this AgreementAgreement and any rights not specifically included in such Transfer.

Appears in 1 contract

Samples: Lease Agreement (Afg Investment Trust D)

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Lessor Assignment. The Lessor may sell, assign or transfer all or any of its rights under this Agreement and in the Aircraft (a "TRANSFER"the “Transfer”) and the Lessor will, other than in the case of an assignment for security purposes, have no further obligation under this Agreement following a Transfer but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.

Appears in 1 contract

Samples: Lease Agreement (Global Crossing Airlines Group Inc.)

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