New Jersey Statutes Title 12A. Commercial Transactions 12A § 9-407

 (a) Term restricting assignment generally ineffective.  Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that it:

 (b) Effectiveness of certain terms.  Except as otherwise provided in 12A:2A-303 (7), a term described in subsection (a) (2) is effective to the extent that there is:

 (c) Security interest not material impairment.  The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of 12A:2A-303 (4) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.