Australia Assignment of Equipment Lease Agreement

Assignment of Equipment Lease Agreement

Assignment of Equipment Lease Agreement, Comprehensive -- Long form

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Assignment of Equipment Lease Agreement. NOW THEREFORE, for a good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor does hereby assign to Assignee, its successors and assigns, all of its right, title, and interest in the "Equipment Lease" dated [date] and marked as Exhibit A (Lease)

1. Parties. This Assignment is made as of [date], between [name: Individual/Company/Lending Institution], a company having principal office at [address](Assignor), and [name], a company having principal office at [address] (Assignee).

2. Lease. Assignor is the present lessee under an Equipment lease dated [date] between Assignor and [name], as owner (Individual/ Company/Lending Institution) of said equipment. A true and complete copy of such "Equipment Lease" is attached as Exhibit A (Lease)

[omitted].

3. Assignment and Assumption.

a. Assignment by Assignor. Assignor assigns to Assignee all of Assignor's rights and interest in the aforementioned "Equipment Lease" and the leased Agreement, including the Security Deposit of ---------- dollars ($----------) held by Landlord. This Assignment is effective as of [date] (Effective Date).

b. Assumption by Assignee. Assignee assumes, as of the Effective Date, all of the terms and obligations of the original Equipment Lease that are imposed on Assignor. Assignee will indemnify and hold Assignor harmless against any claim or damage (including

a. Full Force. Assignor represents and warrants that the Equipment Lease is in full force

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