Common use of Assignment by Lessor Clause in Contracts

Assignment by Lessor. Lessor may assign its interest or grant a security interest in any Lease and the Equipment individually or together, in whole or in part. If Lessee is given written notice of any such assignment, it shall immediately make all payments of Rent and other amounts hereunder directly to such assignee. Each such assignee shall have all of the rights of Lessor under each Lease assigned to it. Lessee shall not assert against any such assignee any set-off, defense, or counterclaim that Lessee may have against Lessor or any other person.

Appears in 8 contracts

Samples: Master Lease Agreement (Dyax Corp), Sale and Leaseback Agreement (Lightspan Partnership Inc), Master Lease Agreement (Millennium Pharmaceuticals Inc)

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Assignment by Lessor. Lessor may assign its interest or grant a security interest in any Lease and the Equipment individually or together, in whole or in part. If Lessee is given written notice of any such assignment, it shall immediately make all payments of Rent and other amounts hereunder directly to such assignee. Each such assignee shall have all of the rights of Lessor under each Lease assigned to it. Lessee shall not assert against any such assignee any set-off, defense, defense or counterclaim that Lessee may have against Lessor or any other person.

Appears in 5 contracts

Samples: Master Lease Agreement (Closure Medical Corp), Master Lease Agreement (La Jolla Pharmaceutical Co), Master Lease Agreement (Cubist Pharmaceuticals Inc)

Assignment by Lessor. Lessor may assign its interest or grant a security interest in any Lease and the Equipment individually or together, in whole or in part. If Lessee is given written notice of any such assignment, it shall immediately after thirty days of its receipt of such notice make all payments of Rent and other amounts hereunder directly to such assignee. Each such assignee shall have all of the rights of Lessor under each Lease assigned to it. Lessee shall not assert against any such assignee any set-off, defense, or counterclaim that Lessee may have against Lessor or any other person.

Appears in 2 contracts

Samples: Master Lease Agreement (Acusphere Inc), Master Lease Agreement (Acusphere Inc)

Assignment by Lessor. Lessor may assign its interest or grant a -------------------- security interest in any Lease and the Equipment individually or together, in whole or in part. If Lessee is given written notice of any such assignment, it shall immediately make all payments of Rent and other amounts hereunder directly to such assignee. Each such assignee shall have all of the rights of Lessor under each Lease assigned to it. Lessee shall not assert against any such assignee any set-off, defense, or counterclaim that Lessee may have against Lessor or any other person.

Appears in 1 contract

Samples: Master Lease Agreement (Genomica Corp /De/)

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Assignment by Lessor. Lessor may may, at no cost to Lessee, assign its interest or grant a security interest in any Lease and the Equipment individually or together, in whole or in part. If Lessee is given written notice of any such assignment, it shall immediately make all payments of Rent and other amounts hereunder directly to such assignee. Each such assignee shall have all of the rights of Lessor under each Lease assigned to it. Lessee shall not assert against any such assignee any set-off, defense, or counterclaim that Lessee may have against Lessor or any other person.

Appears in 1 contract

Samples: Master Lease Agreement (Continuus Software Corp /Ca)

Assignment by Lessor. Lessor may assign its interest or grant -------------------- a security interest in any Lease and the Equipment individually or together, in whole or in part. If Lessee is given written notice of any such assignment, it shall immediately make all payments of Rent and other amounts hereunder directly to such assignee. Each such assignee shall have all of the rights of Lessor under each Lease assigned to it. Lessee shall not assert against any such assignee any set-off, defense, or counterclaim that Lessee may have against Lessor or any other person.

Appears in 1 contract

Samples: Sale and Leaseback Agreement (3 Dimensional Pharmaceuticals Inc)

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