Common use of Limitations on the Right of the Lessee to Assign this Agreement Clause in Contracts

Limitations on the Right of the Lessee to Assign this Agreement. Each Lessee shall not, except as provided in the Indenture, without prior written consent of the Lessor and the Trustee, assign this Agreement or any of its rights hereunder to any other party; provided, however, the relevant Lessee may rent such vehicles under the terms of such Lessee's normal daily rental programs. Any purported assignment in violation of this Section 17.2 shall be void and of no force or effect. Nothing contained herein shall be deemed to restrict the right of any Lessee to acquire or dispose of, by purchase, lease, financing, or otherwise, motor vehicles that are not subject to the provisions of this Agreement.

Appears in 2 contracts

Samples: Vehicle Lease Agreement (Team Rental Group Inc), Master Motor Vehicle Lease Agreement (Team Rental Group Inc)

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Limitations on the Right of the Lessee to Assign this Agreement. Each The Lessee shall not, except as provided in the Indenture, without prior written consent of the Lessor and the Trustee, not assign this Agreement or any of its rights hereunder to any other party; provided, however, that the relevant Lessee may rent such vehicles the Vehicles leased hereunder under the terms of such Lessee's its normal daily rental programs, and may sublease Vehicles pursuant to Section 7. Any purported assignment in violation of this Section 17.2 16.2 shall be void and of no force or effect. Nothing contained herein shall be deemed to restrict the right of any the Lessee to acquire or dispose of, by purchase, lease, financing, or otherwise, motor vehicles that are not subject to the provisions of this Agreement.

Appears in 2 contracts

Samples: Vehicle Operating Lease and Servicing Agreement (Hertz Global Holdings Inc), Master Motor Vehicle Operating Lease and Servicing Agreement (Hertz Corp)

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Limitations on the Right of the Lessee to Assign this Agreement. Each No Lessee shall notshall, except as provided in the Indenture, without prior written consent of the Lessor and the Trustee, assign this Agreement or any of its rights hereunder to any other party; provided, however, the relevant Lessee may rent such vehicles under the terms of such Lessee's normal daily rental programs. Any purported assignment in violation of this Section 17.2 16.2 shall be void and of no force or effect. Nothing contained herein shall be deemed to restrict the right of any Lessee to acquire or dispose of, by purchase, lease, financing, or otherwise, motor vehicles that are not subject to the provisions of this Agreement.

Appears in 1 contract

Samples: Vehicle Lease Agreement (Budget Group Inc)

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