Common use of Lessor Assignment Clause in Contracts

Lessor Assignment. The Lessor may sell, assign (for purposes of this Clause 14.2, not including an assignment for security purposes) or transfer all or any of its rights under this Agreement and in the Leased Property provided that the provisions of this Clause 14.2 are satisfied (a "Transfer") and the Lessor will have no further obligations under this Agreement following a Transfer (other than obligations that are outstanding as of the date of such Transfer) but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Vanguard Airlines Inc \De\), Lease Agreement (Vanguard Airlines Inc \De\)

AutoNDA by SimpleDocs

Lessor Assignment. The Lessor may sell, assign (for purposes of this Clause Section 14.2, not including an assignment for security purposes) or transfer all or any of its rights under this Agreement and in the Leased Property provided that the provisions of this Clause 14.2 are satisfied (a "Transfer") and the Lessor will have no further obligations obligation under this Agreement following a Transfer (other than obligations that are outstanding as of the date of such Transfer) but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.

Appears in 1 contract

Samples: Lease Agreement (Airfund International Limited Partnership)

AutoNDA by SimpleDocs

Lessor Assignment. The Lessor may sell, assign (for purposes of this Clause 14.2, not including an assignment for security purposes) or transfer all or any of its rights under this Agreement and in the Leased Property provided that the provisions of this Clause 14.2 are satisfied (a "TransferTRANSFER") and the Lessor will have no further obligations under this Agreement following a Transfer (other than obligations that are outstanding as of the date of such Transfer) but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.

Appears in 1 contract

Samples: Lease Agreement (Vanguard Airlines Inc \De\)

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