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410 410 <br /> such assignments in form necessary to comply with Section 149 of the Code. Lessee shall <br /> retain all such notices as a register of all assignees and shall make all payments to the <br /> assignee or assignees designated in such register. Lessee shall not have the right to and <br /> shall not assert against any assignee any claim, counterclaim or other right Lessee may <br /> have against Lessor or the Vendor. Assignments in part may include without limitation <br /> assignment of all of Lessor's security interest in and to the Equipment listed in a particular <br /> Lease and all rights in, to and under the Lease related to such Equipment. The option <br /> granted in this Section may be separately exercised from time to time with respect to the <br /> Equipment listed in each Lease, but such option does not permit the assignment of less <br /> than all of Lessor's interests in the Equipment listed in a single Lease. <br /> (c) If Lessor notifies Lessee of its intent to assign the Lease, Lessee agrees that it <br /> shall execute and deliver to Lessor a Notice and Acknowledgement of Assignment <br /> substantially in the form of Exhibit G attached to this Lease within five (5) business days <br /> after its receipt of such request. <br /> Section 11.02. Assignment and Subleasing by Lessee. None of Lessee's right, title, <br /> and interest in, to and under any Lease or any portion of the Equipment may be assigned <br /> or encumbered by Lessee for any reason. <br /> ARTICLE XII <br /> Section 12.01. Events of Default Defined. Any of the following events shall <br /> constitute an 'Event of Default° under a Lease: <br /> (a) Failure by Lessee to pay any Rental Payment or other payment required to <br /> be paid under any Lease at the time specified herein; <br /> (b) Failure by Lessee to observe and perform any covenant, condition or <br /> agreement on its part to be observed or performed, other than as referred to in <br /> subparagraph (a) above, for a period of 30 days after written notice specifying such failure <br /> and requesting that it be remedied is given to Lessee by Lessor, unless Lessor shall agree in <br /> writing to an extension of such time prior to its expiration; provided that, if the failure <br /> stated in the notice cannot be corrected within the applicable period, Lessor will not <br /> unreasonably withhold its consent to an extension of such time if corrective action is <br /> instituted by Lessee within the applicable period and diligently pursued until the default is <br /> corrected; <br /> (c) Any statement, representation or warranty made by Lessee in or pursuant to <br /> any Lease or its execution, delivery or performance shall prove to have been false, <br /> incorrect, misleading, or breached in any material respect on the date when made; <br /> (d) Any default occurs under any other agreement for borrowing money or <br /> receiving credit under which Lessee may be obligated as borrower, if such default consists <br /> of (i) the failure to pay any indebtedness when due or (ii) the failure to perform any other <br /> #2.19845v12(Gov't Entity Master Lease) 16 <br />