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EM <br />ARTICLE XV <br />ASSIGNMENT <br />Section 1501. A. Lessee may assign this Lease or sublet the <br />leased premises or part thereof provided that no such assignment or sub- <br />letting and no dealings or transactions between the Lessor or the Trustee <br />and any sublessee or assignee shall relieve the Lessee of any of its <br />obligations under this Lease and Agreement and Lessee shall remain as <br />fully bound as though no assignment or subletting had been made, and <br />performance by any assignee or sublessee shall be considered as per- <br />formance pro tanto by Lessee; provided, however, that Lessee may assign <br />this Lease, and be thereby relieved of further obligation hereunder, in <br />connection with a transaction involving merger, consolidation or sale as <br />permitted under Section 2209 provided the requirements thereof are met. <br />B. It is understood and agreed that this Lease and Agreement <br />and/or the rents hereunder will be assigned to the Trustee as security for <br />the payment of the principal of and interest on the bonds, but otherwise <br />the Lessor shall not assign, encumber, sell or dispose of all or any part <br />of its rights, title and interest in and to the leased premises and this <br />Lease and Agreement, except to the Lessee in accordance with the pro- <br />visions of the Lease Agreement and to the Trustee under the Trust Indenture, <br />but subject to the provisions of Article XVI hereof, without the prior written <br />consent of the Lessee. <br />