Common use of Subletting Assignment Clause in Contracts

Subletting Assignment. Lessee shall not re-rent any Equipment nor shall Lessee assign or transfer any interest in this agreement without the prior written consent of Lessor. If the Equipment is re-rent, Lessee shall require its customer, the end user and any third party in contractual privity in between to be bound by the terms and conditions hereof. Any person or entity to which this Contract is assigned pursuant to the provisions of the U.S. Bankruptcy Code, 11 U.S.C. Section 101 et. seq., shall be deemed without further act or deed to have assumed all of the obligations arising under the rental agreement to which these terms and conditions apply on and after the date of such assignment. Any such assignee shall upon demand execute and deliver to Lessor an instrument confirming such assumption, however a party’s failure to deliver such documentation shall not relieve that party or its successor of the obligations created herein.

Subletting Assignment. Lessee shall not re-rent any Equipment nor shall Lessee lessee assign or transfer any interest in this agreement without the prior written consent of Lessorlessor. If the Equipment is re-rent, Lessee Customer shall require its customer, the end user and any third party in contractual privity in between to be bound by the terms and conditions hereof. Any person or entity to which this Contract is assigned pursuant to the provisions of the U.S. Bankruptcy Code, 11 U.S.C. Section 101 et. seq., shall be deemed without further act or deed to have assumed all of the obligations arising under the rental agreement to which these terms and conditions apply on and after the date of such assignment. Any such assignee shall upon demand execute and deliver to Lessor lessor an instrument confirming such assumption, however a party’s failure to deliver such documentation shall not relieve that party or its successor of the obligations created herein.