{"component": "clause", "props": {"groups": [{"snippet": "Lessor shall have the right to sell, transfer or assign, in whole or in part, its rights and obligations under this Lease and in the building. Any such sale, transfer or assignment shall operate to release Lessor from any and all liabilities under this Lease arising after the date of such sale, assignment or transfer.", "size": 39, "snippet_links": [{"key": "right-to-sell", "type": "clause", "offset": [22, 35]}, {"key": "rights-and-obligations", "type": "definition", "offset": [82, 104]}, {"key": "under-this-lease", "type": "clause", "offset": [105, 121]}, {"key": "in-the-building", "type": "clause", "offset": [126, 141]}, {"key": "transfer-or-assignment", "type": "clause", "offset": [158, 180]}, {"key": "date-of", "type": "clause", "offset": [277, 284]}, {"key": "assignment-or-transfer", "type": "clause", "offset": [296, 318]}], "samples": [{"hash": "6OWWTN8Tajk", "uri": "/contracts/6OWWTN8Tajk#lessor-assignment", "label": "Commercial Lease (Mathstar Inc)", "score": 19.0, "published": true}, {"hash": "ivvifEWWNee", "uri": "/contracts/ivvifEWWNee#lessor-assignment", "label": "Standard Commercial Lease (Styrochem International 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transferee (the \u201cTransferee\u201d);\n(ii) the Transferee will either (1) be an Affiliate of Lessor or (2) be a Person reasonably experienced in aircraft leasing (or the Transferee\u2019s rights and powers under this Agreement shall be exercised or serviced on its behalf pursuant to an appropriate management or servicing agreement by a Person having such experience);\n(iii) the Transferee will have full corporate power and authority to enter into and perform the transactions contemplated by this Agreement on the part of \u201cLessor\u201d;\n(iv) such Transfer shall not result in a change of State of Registration (unless otherwise agreed with \u2587\u2587\u2587\u2587\u2587\u2587);", "size": 4, "snippet_links": [{"key": "the-operative-documents", "type": "clause", "offset": [67, 90]}, {"key": "the-leased-property", "type": "clause", "offset": [98, 117]}, {"key": "assignment-for-security-purposes", "type": "clause", "offset": [179, 211]}, {"key": "no-further-obligation", "type": 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{"snippet": "Lessor may assign this Lease at any time in its sole discretion, including without limitation, as collateral to secure indebtedness, and in such event Lessee agrees to promptly execute and deliver such estoppel letters and/or subordination, non-disturbance and attornment agreements covering this Lease as reasonably required by Lessor or any successor in interest.", "size": 11, "snippet_links": [{"key": "lessor-may-assign", "type": "clause", "offset": [0, 17]}, {"key": "at-any-time", "type": "clause", "offset": [29, 40]}, {"key": "sole-discretion", "type": "clause", "offset": [48, 63]}, {"key": "including-without-limitation", "type": "clause", "offset": [65, 93]}, {"key": "to-secure", "type": "clause", "offset": [109, 118]}, {"key": "agrees-to", "type": "clause", "offset": [158, 167]}, {"key": "execute-and-deliver", "type": "clause", "offset": [177, 196]}, {"key": "estoppel-letters", "type": "clause", "offset": [202, 218]}, {"key": "by-lessor", "type": "definition", "offset": [326, 335]}, {"key": "successor-in-interest", "type": "definition", "offset": [343, 364]}], "samples": [{"hash": "csF06aV7Q8B", "uri": "/contracts/csF06aV7Q8B#lessor-assignment", "label": "Residential Ground Lease", "score": 22.0937709808, "published": true}, {"hash": "3DCBL7J90YI", "uri": "/contracts/3DCBL7J90YI#lessor-assignment", "label": "Residential Ground Lease", "score": 21.0, "published": true}, {"hash": "14ba4tgRORR", "uri": "/contracts/14ba4tgRORR#lessor-assignment", "label": "Residential Ground Lease", "score": 21.0, "published": true}], "hash": "fc950cf4d026bd6f6a65dc73ff199270", "id": 2}, {"snippet": "The Lessor may sell, assign (for purposes of this Clause 14.2, not including an assignment for security purposes) or transfer all or any of its rights under this Agreement and in the Leased Property provided that the provisions of this Clause 14.2 are satisfied (a \"Transfer\") and the Lessor will have no further obligations under this Agreement following a Transfer (other than obligations that are outstanding as of the date of such Transfer) but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.\n(a) In connection with any Transfer, the following conditions shall apply:\n(i) Lessor shall give Lessee written notice of such Transfer at least 10 Business Days before the date of such Transfer, specifying the name and address of the proposed purchaser, assignee or transferee (the \"Transferee\");\n(ii) the Transferee will be either (1) a Person reasonably experienced in aircraft leasing (or the Transferee's rights and powers under this Agreement shall be exercised or serviced on its behalf pursuant to an appropriate management or servicing agreement by a Person having such experience) with a net worth in excess of $15,000,000, or (2) a Person with at least 10 years of experience (or whose principals have at least 10 years of experience) in aircraft leasing (or the Transferee's rights and powers under this Agreement shall be exercised or serviced on its behalf pursuant to an appropriate management or servicing agreement by a Person having such experience) with a net worth in excess of $7,500,000 and which causes a United States bank, trust company or other financial institution to agree to hold all Additional Rent paid to Lessor in a segregated, interest-bearing account of such institution to be applied to the obligations of Lessor pursuant to Clause 7.2 of this Agreement;\n(iii) the Transferee will be a \"citizen of the United States\" within the meaning of Section 40102(a)(15) of the Federal Aviation Law and have full corporate power and authority to enter into and perform the transactions contemplated by this Agreement on the part of \"Lessor\";\n(iv) on the Transfer date the Lessor and the Transferee shall enter into an agreement or agreements acceptable to Lessee in its reasonable discretion in which the Transferee confirms that it shall be deemed a party to this Agreement and agrees to be bound by all the terms of, and to undertake all of the obligations of, the Lessor contained in this Agreement;\n(v) such Transfer shall not violate any Applicable Law;\n(vi) the Transferee shall provide to Lessee an opinion of its regular independent counsel as to the matters set forth in sub-clause (iii) and as to the legality, validity, binding effect and enforceability of the agreement or agreements between Lessor and Transferee referred to in sub-clause (iv); and\n(vii) Lessee shall have no obligation to consent to any changes in this Agreement requested by the Lessor or Transferee.\n(b) Upon any Transfer, the Transferee shall be deemed Lessor for all purposes of this Agreement, each reference in this Agreement to the \"Lessor\" shall thereafter be deemed for all purposes to refer to the Transferee, and the transferor shall be relieved of all obligations of the \"Lessor\" under this Agreement arising after the time of such Transfer except to the extent attributable to acts or events occurring prior to the time of such Transfer.\n(c) Upon compliance by Lessor and a Transferee with the terms and conditions of Clause 14.2(a), Lessee shall at the time of Transfer, at the specific written request of Lessor and with Lessor paying all of Lessee's reasonable out-of-pocket costs and expenses and, if Lessee does not use outside counsel in connection with such Transfer, Lessee's reasonable internal legal costs:\n(i) execute and deliver to Lessor and to such Transferee an agreement, in form and substance satisfactory to Lessor, Lessee and such Transferee, dated the date of such transfer, consenting to such transfer, agreeing to pay all or such portion of the Basic Rent, Additional Rent and other payments under this Agreement to such Transferee or its designee as such Transferee shall direct, and agreeing that such Transferee shall be entitled to rely on all representations and warranties made by Lessee in the Operative Documents as though such Transferee was the original \"Lessor\"; provided, that such representations shall not be deemed to be re-made as of the date of any Transfer;\n(ii) execute and deliver to Lessor or such Transferee, as the case may be, precautionary Uniform Commercial Code financing statements or amendments reflecting the interests of such Transferee in the Aircraft and this Agreement;\n(iii) deliver to Lessor and to such Transferee a certificate, signed by a duly authorized officer of Lessee, dated the date of such transfer, to the effect that no Event of Default has occurred and is continuing or, if one is then continuing, describing such Event of Default;\n(iv) cause to be delivered to Lessor and such Transferee certificates of insurance and broker's letter of undertaking substantially in the form set out in Parts 2 and 3 of Schedule 5, detailing the coverage and confirming the insurers' agreement to the specified insurance requirements of this Agreement and listing the Lessor and Transferee as additional insureds and the Transferee as sole loss payee (subject to other direction by Mortgagee);\n(v) deliver to Lessor and to such Transferee an opinion of Lessee's counsel (which may be Lessee's General Counsel), addressed to Lessor and such Transferee to the effect that the agreement referred to in sub-clause (i) has been duly authorized and executed by Lessee and constitutes the legal, valid and binding obligation of Lessee, enforceable against Lessee in accordance with its terms (subject to customary exceptions), and (if such counsel delivered the opinion attached as Exhibit D on the Delivery Date) to the effect that such Transferee may rely on the opinion delivered by such counsel in connection with this Agreement on the Delivery Date with the same force and effect as if such Transferee was an original addressee of such opinion when given;\n(vi) deliver to Lessor and such Transferee information on the location of the Airframe and Engines at all times requested by Lessor in order to permit the Transfer to take place at a time and on a date so as to eliminate or minimize any Taxes applicable to the Transfer; and\n(vii) such other documents as Lessor or such Transferee may reasonably request.", "size": 9, "snippet_links": [{"key": "the-lessor", "type": "definition", "offset": [0, 10]}, {"key": "this-clause", "type": "clause", "offset": [45, 56]}, {"key": "assignment-for-security-purposes", "type": "clause", "offset": [80, 112]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [144, 171]}, {"key": "the-leased-property", "type": "clause", "offset": [179, 198]}, {"key": "provided-that", "type": "clause", "offset": [199, 212]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [213, 235]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [313, 345]}, {"key": "date-of", "type": "clause", "offset": [422, 429]}, {"key": "the-benefit", "type": "clause", "offset": [504, 515]}, {"key": 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{"key": "estoppel-certificates", "type": "definition", "offset": [127, 148]}], "samples": [{"hash": "1pCHYJ24Hxv", "uri": "/contracts/1pCHYJ24Hxv#lessor-assignment", "label": "Office Lease Agreement (Alliance Data Systems Corp)", "score": 18.0, "published": true}], "hash": "7406ffc940a54c1f37d596dc36b394ce", "id": 10}, {"snippet": "The Lessor may sell, assign or transfer all or any of its rights under this Agreement and in the Aircraft (a \"TRANSFER\") and the Lessor will, other than in the case of an assignment for security purposes, have no further obligation under this Agreement following a Transfer but, notwithstanding any Transfer, will remain entitled to the benefit of each indemnity under this Agreement.\n(a) In connection with any Transfer, the following conditions shall apply:\n(i) Lessor shall give Lessee written notice of such Transfer at least 10 Business Days before the date of such Transfer, specifying the name and address of the proposed purchaser, assignee or transferee (the \"Transferee\");\n(ii) the Transferee will be a person reasonably experienced in aircraft leasing (or the Transferee's rights and powers under this Agreement shall be exercised on its behalf pursuant to an appropriate management agreement by a person having such experience);\n(iii) the Transfer will not adversely affect the Lessee's rights and interests in the Aircraft and/or this Agreement, nor subject the Lessee to any Tax or Claim or any other obligation or liability to which it would not have been subject had such assignment or transfer not taken place.\n(iv) the Transferee will be a \"citizen of the United States\" within the meaning of Section 40102(a)(15) of the Federal Aviation Law and have full corporate power and authority to enter into and perform the transactions contemplated by this Agreement on the part of \"Lessor\";\n(v) on the Transfer date the Lessor and the Transferee shall enter into an agreement or agreements in which the Transferee confirms that it shall be deemed a party to this Agreement and agrees to be bound by all the terms of, and to undertake all of the obligations of, the Lessor contained in this Agreement;\n(vi) such Transfer shall not violate any applicable law including the Federal Aviation Law, the Federal Aviation Regulations and the Securities Act of 1933, as amended; and\n(vii) the Transferee shall provide to Lessee an opinion of its regular independent counsel as to the matters set forth in sub-clause (iv), as to the legality, validity, binding effect and enforceability of the agreement or agreements between Lessor and Transferee referred to in sub-clause (v) and as to such other matters as were contained in the opinion of Lessor's counsel delivered on the Delivery Date.\n(b) Upon any Transfer, the Transferee shall be deemed Lessor for all purposes of this Agreement, each reference in this Agreement to the \"Lessor\" shall thereafter be deemed for all purposes to refer to the Transferee, and the transferor shall be relieved of all obligations of the \"Lessor\" under this Agreement arising after the time of such Transfer except to the extent attributable to acts or events occurring prior to the time of such Transfer.\n(c) Upon compliance by Lessor and a Transferee with the terms and conditions of Clause 14.2(a), Lessee shall at the time of Transfer, at the specific written request of Lessor and with Lessor paying all of Lessee's out-of-pocket costs and expenses:\n(i) execute and deliver to Lessor and to such Transferee an agreement, in form and substance satisfactory to Lessor, Lessee and such Transferee, dated the date of such transfer, consenting to such transfer, agreeing to pay all or such portion of the Basic Rent and other payments under this Agreement to such Transferee or its designee as such Transferee shall direct, and agreeing that such Transferee shall be entitled to rely on all representations and warranties made by Lessee in this Agreement or in any certificate or document furnished by Lessee in connection with this Agreement as though such Transferee was the original \"Lessor\";\n(ii) execute and deliver to Lessor or such Transferee, as the case may be, precautionary Uniform Commercial Code financing statements or amendments reflecting the interests of such Transferee in the Aircraft and this Agreement;\n(iii) deliver to Lessor and to such Transferee a certificate, signed by a duly authorized officer or Lessee, dated the date of such transfer, to the effect that no Event of Default has occurred and is continuing or, if one is then continuing, describing such Event of Default;\n(iv) cause to be delivered to Lessor and such Transferee certificates of insurance and broker's letter of undertaking substantially in the form set out in Parts 2 and 3 of Schedule 4, detailing the coverage and confirming the insurers' agreement to the specified insurance requirements of this Agreement and listing the Lessor and Transferee as additional insureds and the Transferee as sole loss payee (subject to other direction by the Lender);\n(v) deliver to Lessor and to such Transferee an opinion of Lessee's counsel (which may be Lessee's General Counsel), addressed to Lessor and such Transferee to the effect that the agreement referred to in sub-clause (i) has been duly authorized and executed by Lessee and constitutes the legal, valid and binding obligation of Lessee, enforceable against Lessee in accordance with its terms (subject to customary exceptions), and to the effect that such Transferee may rely on the opinion delivered by such counsel or its predecessor counsel in connection with this Agreement on the Delivery Date with the same force and effect as if such Transferee was an original addressee of such opinion when given;\n(vi) deliver to Lessor and such Transferee information on the location of the Airframe and Engines at all times requested by Lessor in order to permit the Transfer to take place at a time and on a date so as to eliminate or minimize any 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{"snippet": "Lessor may assign, at its cost and expense (unless an Event of Default shall have occurred and be continuing, in which case such assignment shall be at Lessee\u2019s cost and expense), all or any of its rights under this Agreement and in the Aircraft.", "size": 2, "snippet_links": [{"key": "lessor-may-assign", "type": "clause", "offset": [0, 17]}, {"key": "cost-and-expense", "type": "clause", "offset": [26, 42]}, {"key": "default-shall", "type": "definition", "offset": [63, 76]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [198, 225]}, {"key": "the-aircraft", "type": "clause", "offset": [233, 245]}], "samples": [{"hash": "kIQZPyfb7o1", "uri": "/contracts/kIQZPyfb7o1#lessor-assignment", "label": "Aircraft Lease Agreement (Global Crossing Airlines Group Inc.)", "score": 32.9479789734, "published": true}, {"hash": "10RU2T9Cfgs", "uri": "/contracts/10RU2T9Cfgs#lessor-assignment", "label": "Aircraft Lease Agreement (Global Crossing Airlines Group Inc.)", "score": 32.9479789734, "published": true}], "hash": "d363ab450bacea8e3483f734f9b15c5f", "id": 7}, {"snippet": "Without notice to Lessee, Lessor may assign or sell its interest in, grant a security interest in, or otherwise transfer, in whole or in part to any person or entity (each such person or entity an \"Assignee\"), this Agreement, one or more Schedules, any or all of the Vehicles or any of its rights, interests or obligations with respect thereto, including, without limitation, all Rent and other sums due or to become due under any Schedule to one or more persons or entities. Upon notice thereof from Lessor (as provided in Section 27(e) below), Lessee shall pay Rent to an Assignee. Lessee acknowledges that any such assignment or transfer by Lessor will not materially impair Lessee's prospect of obtaining return performance by Lessor, materially change Lessee's duties or obligations under this Agreement or any affected Schedule, nor materially increase the burdens or risks imposed on Lessee, and Lessee further agrees that any such assignment or transfer shall be permitted even if the same could be deemed to materially affect the interests of Lessee. LESSEE SHALL NOT ASSERT AGAINST ANY ASSIGNEE ANY CLAIM, DEFENSE, COUNTERCLAIM OR SET-OFF THAT LESSEE MAY AT ANY TIME HAVE AGAINST LESSOR.", "size": 2, "snippet_links": [{"key": "notice-to-lessee", "type": "clause", "offset": [8, 24]}, {"key": "lessor-may-assign", "type": "clause", "offset": [26, 43]}, {"key": "security-interest", "type": "definition", "offset": [77, 94]}, {"key": "person-or-entity", "type": "clause", "offset": [149, 165]}, {"key": "the-vehicles", "type": "clause", "offset": [263, 275]}, {"key": "without-limitation", "type": "clause", "offset": [356, 374]}, {"key": "sums-due", "type": "definition", "offset": [395, 403]}, {"key": "schedule-to", "type": "clause", "offset": [431, 442]}, {"key": "notice-thereof", "type": "clause", "offset": [481, 495]}, {"key": "lessee-shall", "type": "clause", "offset": [546, 558]}, {"key": "pay-rent", "type": "clause", "offset": [559, 567]}, {"key": "transfer-by-lessor", "type": "clause", "offset": [632, 650]}, {"key": "materially-impair", "type": "definition", "offset": [660, 677]}, {"key": "performance-by-lessor", "type": "clause", "offset": [716, 737]}, {"key": "agreement-or", "type": "definition", "offset": [799, 811]}, {"key": "the-interests", "type": "clause", "offset": [1035, 1048]}, {"key": "of-lessee", "type": "clause", "offset": [1049, 1058]}, {"key": "at-any-time", "type": "clause", "offset": [1165, 1176]}], "samples": [{"hash": "8pcpFIzsDkK", "uri": "/contracts/8pcpFIzsDkK#lessor-assignment", "label": "Master Lease Agreement", "score": 27.4858398438, "published": true}], "hash": "879a6b548b7a892c549cb337bd9c6a6c", "id": 8}, {"snippet": "The Lessor shall be entitled to assign its rights under this Lease.", "size": 1, "snippet_links": [{"key": "the-lessor", "type": "definition", "offset": [0, 10]}, {"key": "under-this-lease", "type": "clause", "offset": [50, 66]}], "samples": [{"hash": "jlmolgRzxtO", "uri": "/contracts/jlmolgRzxtO#lessor-assignment", "label": "Parking Lease   Option to Purchase (Century Casinos Inc)", "score": 16.0, "published": true}], "hash": "871650f495ed511cdaf978d7bde3ebcc", "id": 9}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpsZXNzb3ItYXNzaWdubWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["assignment", "Assignment"], ["jurisdiction", "Jurisdiction"], ["", ""], ["deliver-to-lessor-and-to-such-transferee", "deliver  to Lessor and to such Transferee"]], "size": 90, "title": "Lessor Assignment", "parents": [["partial-taking", "Partial Taking"], ["hold-harmless", "Hold Harmless"], ["holding-over", "Holding Over"], ["assignment-and-subletting", "Assignment and Subletting"], ["maintenance-contract", "Maintenance Contract"]], "id": "lessor-assignment", "related": [["room-assignment", "Room Assignment", "Room Assignment"], ["lease-assignment", "Lease Assignment", "Lease Assignment"], ["teacher-assignment", "TEACHER ASSIGNMENT", "TEACHER ASSIGNMENT"], ["other-assignments", "Other Assignments", "Other Assignments"], ["work-assignment", "Work Assignment", "Work Assignment"]], "related_snippets": [], "updated": "2025-11-08T04:50:29+00:00", "also_ask": ["What restrictions or consents should be negotiated to limit the lessor\u2019s assignment rights?", "Which assignment scenarios must be expressly excluded to protect the lessee\u2019s interests?", "How do assignment provisions in this lease compare to market standards or statutory defaults?", "What are the key risks if the clause allows assignment without tenant consent or notice?", "How have courts interpreted and enforced lessor assignment clauses in similar leases?"], "drafting_tip": "Specify assignment conditions, require prior written consent, and clarify permitted transferees to prevent unauthorized transfers and ensure clarity of parties' rights.", "explanation": "The Lessor Assignment clause defines the landlord's right to transfer their interest in the lease to another party. Typically, this means the lessor can sell, assign, or otherwise convey their rights and obligations under the lease without needing the tenant's consent. For example, if the property is sold to a new owner, the new owner would assume the role of lessor under the existing lease terms. This clause ensures the landlord has flexibility in managing or disposing of their property interests, while also clarifying for tenants that their lease obligations continue regardless of changes in ownership."}, "json": true, "cursor": ""}}