Common use of Assignment of Lease Clause in Contracts

Assignment of Lease. Seller hereby sells, assigns, transfers and conveys to Purchaser all of Seller's right, title, interest, duties and obligations (whether direct or indirect, known or unknown, contingent or otherwise) in and to each Lease as set forth on Schedule A hereto between Seller, as lessor and each lessee described ---------- therein (in each case a "Lessee"), with respect to the leasing by each Lessee of certain equipment (as further described in each Lease, individually and collectively, the "Equipment"), except that Seller hereby reserves and does not transfer its right, title and interest in and to the Reserved Rights.

Appears in 15 contracts

Samples: Purchase and Sale Agreement (American Income Partners Iii-C Limited Partnership), Purchase and Sale Agreement (American Income Partners Iv D Lp), Purchase and Sale Agreement (American Income 5 LTD Partnership)

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