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An “Assignee” is any of the following: (i) any one or more parties involved in <br />financing or refinancing of any Commercial Aeronautical Facilities, including, without limitation, <br />any lender to or investor in LESSEE or in any Commercial Aeronautical Facilities; (ii) any <br />purchaser or lessee of any of the Commercial Aeronautical Facilities, or any purchaser of all of <br />substantially all of the membership interests in LESSEE or of all or any portion of LESSEE’s <br />interest in this Lease; (iii) a corporation, limited liability company, partnership or other entity <br />now existing or hereafter organized in which LESSEE, or any affiliate, owns (directly or <br />indirectly) at least fifty-one percent (51%) of all outstanding shares of voting stock or ownership <br />interests; (iv) a partnership now existing or hereafter organized, a general partner of which is such <br />a corporation or limited liability company; or (v) a corporation, limited liability company, <br />partnership or other entity that acquires all or substantially all of LESSEE’s or LESSEE’s <br />business, assets or capital stock, directly or indirectly, by purchase, merger, consolidation or other <br />means. <br /> <br />12.2.2 Assignment and Sublease. <br /> <br />Any assignment or sublease of LESSEE’s interest in the premises, or any portion <br />thereof, shall require prior approval by the LESSOR as required by the Federal Aviation <br />Administration. <br /> <br />12.2.3 Assignee/Tenant Obligations. <br /> <br />No Assignee or Tenant that does not directly hold an interest in this Lease, and no <br />Assignee or Tenant that holds an interest in or lien on or security interest in this Lease for security <br />purposes, shall have any obligation or liability under this Lease prior to the time that such <br />Assignee or Tenant directly holds an interest in this Lease or, in the case of an interest, lien or <br />security interest for security purposes, the holder thereof succeeds to absolute title to such interest, <br />in this Lease. Any such Assignee or Tenant shall be liable to perform obligations under this Lease <br />only for and during the period such Assignee or Tenant directly holds such interest or absolute <br />title. Any assignment permitted hereunder shall release the assignor from obligations accruing <br />after the date that liability is assumed by the Assignee or Tenant. However, such assignment shall <br />not release assignor from obligations that accrue prior to the date that liability is assumed, <br />including but not limited to its obligations related to Hazardous Substances under Section 13. <br /> <br /> <br />12.2.4 Preapproved Subleases. <br /> <br />As of the Effective Date of this Lease, LESSOR acknowledges that LESSEE <br />intends to enter into the subleases set forth on Exhibit C attached hereto and set forth herein. By <br />its signature below, LESSOR consents to and approves of the form of those subleases. <br /> <br />12.2.5 Right to Cure Defaults/Notice of Defaults/Right to New Lease. <br /> <br />To prevent termination of this Lease or any partial interest therein, LESSEE, or any <br />Assignee or Tenant, shall have the right, but not the obligation, at any time prior to the termination, <br />to pay any or all amounts due hereunder, and to do any other act or thing required of any Assignee,