ASSIGNMENT TO OR BY LENDER Clause Samples

ASSIGNMENT TO OR BY LENDER. Notwithstanding other provisions of the Lease Agreement to the contrary, upon an uncured default by Lessee and with Lessee’s consent, at the lenders’ sole discretion and option, the lenders shall be permitted to cure all defaults and deficiencies of Lessee and assume the Lease Agreement or assign (with notice to Lessor) the Lease Agreement to another person or entity at any time up through and including the entry of judgment for eviction and any redemption period.