Common use of LESSEE'S ASSIGNMENT Clause in Contracts

LESSEE'S ASSIGNMENT. Without the prior written consent of the Lessor, Lessee shall not bail, hypothecate, transfer or dispose of any Item of Equipment or any interest in this Lease nor impair the Lessor's title to the Equipment. Lessee shall not assign this Lease, nor shall this Lease or any rights under this Lease or in any Item of Equipment inure to the benefit of any trustee in bankruptcy, receiver, creditor, or other successor of Lessee whether by operation of law or otherwise, without prior written consent of the Lessor.

Appears in 4 contracts

Samples: Assignment and Security Agreement (SMT Health Services Inc), Assignment and Security Agreement (SMT Health Services Inc), Assignment and Security Agreement (SMT Health Services Inc)

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LESSEE'S ASSIGNMENT. Without the prior written consent of the Lessor, Lessee shall not assign, bail, sublease, hypothecate, transfer or dispose of any Item of the Equipment or any interest in this Lease nor impair the Lessor's title to the Equipment. Lessee shall not assign this Lease, nor shall this Lease or any rights under this Lease or in any Item of the Equipment inure to the benefit of any trustee in bankruptcy, receiver, creditor, or other successor of Lessee whether by operation of law or otherwise, without prior written consent of the Lessor.

Appears in 2 contracts

Samples: Master Lease Agreement (Whiteford Partners L P), Leasing Corp Pncbank Master Lease Agreement (Judge Group Inc)

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LESSEE'S ASSIGNMENT. Without the prior written consent of the Lessor, Lessee shall not bail, sublease, hypothecate, transfer transfer, or dispose of any Item of Equipment or any interest in this Lease nor impair the Lessor's title to the Equipment. Lessee shall not assign this Lease, nor shall this Lease or any rights under this Lease or in any Item of Equipment inure to the benefit of any trustee in bankruptcy, receiver, receiver creditor, or other successor of Lessee whether by operation of law or otherwise, without prior written consent of the Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (Obsidian Enterprises Inc)

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