Common use of Lessor Assignment Clause in Contracts

Lessor Assignment. Subject to the conditions set forth in Section 15.3 below, Lessor may assign (including assign by way of security), transfer or otherwise dispose of, at its cost and expense (unless an Event of Default shall have occurred and be continuing and such transfer or disposal is effected as part of Lessor’s exercise of its remedies for such Event of Default, in which case such assignment shall be at Lessee’s cost and expense), all or any of its rights or obligations under this Agreement and the other Transaction Documents and all or any of its right, title or interest in and to the Airframe to any person.