Examples of Transferee Lessee in a sentence
Each Intra-Lease Lessee Transfer Schedule may be delivered electronically and may be delivered directly by either the applicable Transferor Lessee or the applicable Transferee Lessee or on behalf of either such party by any agent or designee of such party.
Upon delivery by such Lessees to the Lessor of written notice identifying by VIN each Lease Vehicle to be so transferred from such Transferor Lessee to such Transferee Lessee (such notice, an “Intra-Lease Lessee Transfer Schedule”), each Lease Vehicle identified in such Intra-Lease Lessee Transfer Schedule shall cease to be leased by the Transferor Lessee and shall contemporaneously commence being leased to the Transferee Lessee.
In accordance with article 1216 of the French Code civil, the Lessor hereby agrees in advance to any transfer of lease agreement between a Transferor Lessee and a Transferee Lessee.
Each Intra-Lease Lessee Transfer Schedule may be delivered electronically and may be delivered directly by either the applicable Transferor Lessee or the applicable Transferee Lessee or on behalf of either such party by any agent or designee of such party, provided the Transferor Lessee and the Transferee Lessee shall have separately agreed to such Intra-Lease Lessee Transfer Schedule and, with respect to such agreement, may not be represented by the same agent.
For purposes hereof, the term “Permitted Sublease” means a Sublease which is either (i) a Sublease with a Permitted Lessee Transferee so long as within ten (10) Business Days after Lessee’s entering into any such Sublease with a Permitted Lessee Transferee, Lessee shall provide Lessor with a copy of the executed sublease agreement, or (ii) any other Sublease approved in writing by Lessor.
If Lessee shall elect to Transfer (other than to a Permitted Transferee), Lessee shall use reasonable and good faith efforts to secure consideration from any such Transferee which would be generally equivalent to then-current market rent, but in no event shall Lessee's monetary obligations to Lessor, as set forth in this Lease, be reduced.
To the extent that the obligations of Lessee under the Operating Agreement have been assumed by Lessor, or a Transferee, Lessee shall be released from the obligations under the Operating Agreement so assumed and agreed to by Lessor or the Transferee.
From and after Lessee’s assignment of this Lease and assumption of this Lease by the Transferee, Lessee shall be relieved, released and discharged from any obligation or liability under this Lease accruing after the date of such transfer.
Should Lessee sublease the Premises or any portion of the Premises to a Permitted Transferee, Lessee shall notify Lessor, or its governmental body if applicable, in writing within thirty (30) days after the date such sublease or assignment is completed, and shall provide Lessor with a copy of the sublease or assignment agreement.