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

Limitations on the Right of the Lessees to Assign this Agreement. No Lessee shall assign this Agreement or any of its rights hereunder to any other party; provided, however, that (i) each Lessee may rent the Lease Vehicles leased by such Lessee hereunder in connection with its business and may use and sublease Lease Vehicles pursuant to Section 5.2 and (ii) each Lessee may delegate to one or more of its Affiliates the performance of any of such Lessee’s obligations as Lessee hereunder (but such Lessee shall remain fully liable for its obligations hereunder). Any purported assignment in violation of this Section 13.3 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 9 contracts

Samples: Master Motor Vehicle Operating Lease and Servicing Agreement (Hertz Corp), Second Amended and Restated Series 2013 B Supplement (Hertz Corp), Master Motor Vehicle Lease and Servicing Agreement (Hertz Corp)

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Limitations on the Right of the Lessees to Assign this Agreement. No Each Lessee agrees that it shall not, without prior written consent of the Lessor, CRCF and the Trustee and without having satisfied the Rating Agency Consent Condition, assign this Agreement or any of its rights hereunder to any other party; provided, however, that (i) each Lessee may rent the Lease Vehicles leased by such Lessee hereunder in connection with under the terms of its business and may use and normal daily rental programs and/or sublease Lease such Vehicles to Permitted Sublessees pursuant to Section 5.2 and (ii) each Lessee may delegate to one or more of its Affiliates the performance of any of such Lessee’s obligations as Lessee hereunder (but such Lessee shall remain fully liable for its obligations hereunder)a Sublease. Any purported assignment in violation of this Section 13.3 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 1 contract

Samples: Master Motor Vehicle Finance Lease Agreement (Avis Budget Group, Inc.)

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