Common use of Transfer of the Owner Lessor's Interest Clause in Contracts

Transfer of the Owner Lessor's Interest. Other than as contemplated by the Operative Documents, each of the Owner Lessor and the Owner Manager covenants severally and as to itself only that it will not assign, pledge, sell, lease, convey or otherwise transfer any of its then existing right, title or interest in and to the Owner Lessor's Interest, the Lessor Estate or the other Operative Documents without the consent of Xxxxx City and, so long as the Lessor Notes are outstanding, the Lease Indenture Trustee and the Security Agent, which consent may not be unreasonably withheld. Nothing in this SECTION 7.4 shall limit the ability of the Owner Manager or the Owner Participant to appoint a successor Owner Manager pursuant to SECTION 12 of the Lessor LLC Agreement.

Transfer of the Owner Lessor's Interest. Other than as contemplated by the Operative Documents, each of the Owner Lessor and the Owner Manager covenants severally and as to itself only that it will not assign, pledge, sell, lease, convey or otherwise transfer any of its then existing right, title or interest in and to the Owner Lessor's Interest, the Lessor Estate or the other Operative Documents without the consent of Xxxxx City and, so long as the Lessor Notes are outstanding, the Lease Indenture Trustee and the Security Agent, which consent may not be unreasonably withheld. Nothing in this SECTION Section 7.4 shall limit the ability of the Owner Manager or the Owner Participant to appoint a successor Owner Manager pursuant to SECTION Section 12 of the Lessor LLC Agreement.