SALE OR ASSIGNMENT BY LESSOR. 24.2.1 Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent sell, assign or transfer its rights, interest and obligations hereunder or with respect to the Aircraft to a third party ("LESSOR'S ASSIGNEE"), but only if:
SALE OR ASSIGNMENT BY LESSOR. (a) The Lessor shall have the right to obtain equity and debt financing for the acquisition and ownership of the Property or Equipment by selling or assigning its right, title and interest in any or all amounts due from the Lessee or any third party under this Lease; provided, that any such sale or assignment shall be subject to the rights and interests of the Lessee under this Lease.
SALE OR ASSIGNMENT BY LESSOR. 24.2.1 Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent sell, assign or transfer its rights, interest and obligations hereunder, under any other Operative Document, or with respect to the Aircraft to a Permitted Transferee; provided, however, that no such transfer shall materially increase LESSEE's liabilities or obligations hereunder or materially adversely affect LESSEE's rights under this Lease. For a period of two (2) years after such sale or assignment and at LESSEE's cost, LESSEE will continue to name LESSOR as an additional insured under the Aviation and Airline General Third Party Liability Insurance specified in Exhibit C.
SALE OR ASSIGNMENT BY LESSOR. 24.8.1 Subject to LESSEE’s rights pursuant to this Lease, LESSOR may at any time and without LESSEE’s consent sell, assign or transfer its rights, interest and obligations hereunder or with respect to the Aircraft (a “Transfer”) to a third party (“LESSOR’s Assignee”). Notwithstanding the foregoing, no Transfer shall: (i) be made to an entity which is not solvent at the time of and immediately after giving effect to such Transfer; (ii) be made to an air carrier or subsidiary of an air carrier that conducts substantial business in Mexico and is in direct competition with LESSEE; (iii) result in any increase in or to or the imposition of additional obligations or liabilities on the part of LESSEE that are not de minimis, (iv) restrict or diminish LESSEE’s rights in and to the Aircraft pursuant to this Lease; (v) be made to a Person having a net worth of less than ***** at the time of such Transfer; (vi) be made unless and until the purchaser, assignee or transferee shall have (a) provided LESSEE with a covenant of quiet use and enjoyment equivalent to that required under this Lease and (b) agreed in writing, in favor of LESSEE that (1) in the case of a Transfer not constituting solely a Transfer by way of security, it shall be bound by and from and after the date of transfer perform all obligations of “LESSOR” under this Lease and (2) in the case of any Transfer, that, to the extent it holds any moneys under the Lease, it shall hold, apply, invest, disburse, reimburse and return such moneys in accordance with the applicable provisions of the LEASE.
SALE OR ASSIGNMENT BY LESSOR. (a) The Lessor shall have the right to obtain equity and debt financing for the acquisition and ownership of the Project by selling or assigning its right, title and interest in any THIS LEASE AGREEMENT IS CONFIDENTIAL AND PROPRIETARY or all amounts due from the Lessee or any third party under this Lease and granting a security interest in this Lease and the Project to the Collateral Trustee or any successor to the Collateral Trustee under a Financing Arrangement, notice of the identity of which shall be given to the Lessee; PROVIDED that, any sale or assignment by the Lessor shall be made consistent with the terms of this Lease and shall be subject to the rights and interests of the Lessee under this Lease and the Agreement for Lease.
SALE OR ASSIGNMENT BY LESSOR. 22.2.1 Subject to Lessee’s rights pursuant to and in conformity with the provisions of this Lease including without limitation this Article 22, Lessor may at any time and without Lessee’s consent sell, assign or transfer its rights, interest and obligations hereunder or with respect to the Aircraft to a third party (“Lessor’s Assignee”). For a period of two (2) years after Lessor’s sale or assignment and at Lessee’s cost, Lessee will continue to name the prior Lessor and the other Indemnitees as additional insureds under the Aviation and Airline General Third Party Liability Insurance specified in Exhibit C.
SALE OR ASSIGNMENT BY LESSOR. 24.2.1 Subject to LESSEE’s rights pursuant to this Lease, LESSOR may at any time and without LESSEE’s consent sell, assign or transfer its rights, interest and obligations hereunder, under any other Operative Document, or with respect to the Aircraft to a Permitted Transferee; provided, however, that no such transfer shall (a) cause any added expenses, costs or liabilities to LESSEE, (b) materially increase LESSEE’s obligations hereunder (including but not limited to LESSEE’s liabilities or obligations pursuant to Articles 16 or 17), or (c) materially adversely affect LESSEE’s rights under this Lease. For a period of two (2) years after such sale or assignment and at LESSEE’s cost, LESSEE will continue to name LESSOR as an additional insured under the Aviation and Airline General Third Party Liability Insurance specified in Exhibit E.
SALE OR ASSIGNMENT BY LESSOR. 15.1 Sale of Leased Premises or Assignment of Lease and Attornment to Successors in Interest. It is understood and agreed that Lessor may sell the Leased Premises or may assign this Lease, and in any of said events, the rights and obligations of Lessor, as the case may be, shall thereafter apply to such purchaser or assignee and such subsequent purchaser shall attorn to the terms of the Lease, and Lessor shall thereupon be divested from all rights and be released from all obligations hereunder. Upon the request of any such purchaser or assignee, Lessee shall execute and deliver an instrument or instruments in form and substance satisfactory to Lessor and such purchaser or assignee, confirming such release of Lessor and attornment by Lessee.
SALE OR ASSIGNMENT BY LESSOR. (a) The Lessor may assign any of its right, title or interest in the Property, this Lease or the Acquisition and Construction Agreement or in any or all amounts due from the Lessee or any third party under this Lease; provided that unless an Event of Default shall have occurred and be continuing, the Lessor has obtained the prior written consent of the Lessee to such sale or assignment.
SALE OR ASSIGNMENT BY LESSOR. 18.1 It is agreed that Lessor may at any time sell, assign or transfer by lease or otherwise its interest as Lessor in and to this Lease, or any part thereof, and may at any time sell, assign or transfer its interest in and to the whole or any portion of the Premises or the Office Building Project. In the event of any transfer of Lessor’s interest in the Premises or the Office Building Project, the transferor shall be automatically relieved of any and all of Lessor’s obligations and liabilities accruing from and after the date of such transfer provided that the transferee assumes all of Lessor’s obligations under this Lease.
