Common use of Consent to Assignment or Replacement Clause in Contracts

Consent to Assignment or Replacement. At the request of a Lessee, the Servicer may in its sole discretion consent to the assignment of the related Included Lease or the sublease of a unit of the Equipment relating to an Included Lease, so long as such Lessee remains liable for all of its obligations under such Included Lease. Upon the request of any Lessee, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of equipment.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement and Indenture of Trust (American Finance Group Inc /De/), Pooling and Servicing Agreement (PLM International Inc)

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Consent to Assignment or Replacement. At the request of a Lessee, the Servicer may in its sole discretion consent to the assignment of the related Included Lease or the sublease of a unit of the Equipment relating to an Included a Lease, so long as such Lessee remains liable for all of its obligations under such Included Lease. Upon the request of any Lessee, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of equipment.

Appears in 1 contract

Samples: Servicing Agreement (Trans Leasing International Inc)

Consent to Assignment or Replacement. At the request of a Lessee, the Servicer may in its sole discretion consent to the assignment of the related Included Lease or the sublease of a unit of the Equipment relating to an Included a Lease, so long as such Lessee remains liable for all of its obligations under such Included Lease. Upon the request of any Lessee, subject to the limitations in Section 10.4(e) of the Credit Agreement, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of equipment.

Appears in 1 contract

Samples: Servicing Agreement (Trans Leasing International Inc)

Consent to Assignment or Replacement. At the request of a Lessee, the Servicer may in its sole discretion consent to the assignment of the related Included Lease or the sublease of a unit of the Equipment relating to an Included Leaserelated Equipment, so long as such Lessee remains liable for all of its obligations under such Included Lease. Upon the request of any Lessee, the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of equipment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Trans Leasing International Inc)

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Consent to Assignment or Replacement. At the request of a Lessee, the Servicer may in its sole discretion consent to the assignment of the related Included Lease or the sublease of a unit of the Equipment relating to an Included Leaserelated Equipment, so long as such Lessee remains liable for all of its obligations under such Included Lease. Upon the request of any Lessee, subject to the limitations in Section 5.1(e), the Servicer may, in its sole discretion, provide for the substitution or replacement of any unit of Equipment for a substantially similar unit of equipment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Tl Lease Funding Corp Iv)

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