Common use of Administrative Functions Clause in Contracts

Administrative Functions. (a) Subject to Section 20.2, Manager shall perform the following tasks in connection with the Business (collectively, the “Administrative Functions”): (i) (A) cause the income and other tax returns for the Owner to be prepared and timely filed with the appropriate authorities, and (B) provide to Owner all information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and file all tax returns required to be filed by Owner; (ii) assist Owner in structuring, negotiating, procuring and administering sources of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets (provided however that fees and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager); (iii) maintain Owner’s financial books and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangements; (iv) perform administrative and procedural services necessary to reserve and purchase Containers under the Container Purchase Agreement, including coordination and collection of funds among the shareholders of the Owner; (v) assist the Owner in entering into and monitoring interest rate hedge agreements; and (vi) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting and legal services (other than legal services which would be an Operating Expense) as the Owner may require from time to time. Nothing contained in this Section 3.2(a) shall be construed as an obligation of the Manager to pay any overhead or other costs, expenses or liabilities of Owner from its own funds. (b) In consideration of the performance of the Administrative Functions under this Section 3.2, Manager shall be entitled to receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basis.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (aincluding certain of its officers and employees) Subject to Section 20.2for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fund, Manager shall perform the Adviser will bear all of the following tasks in connection with the Business (collectively, the “Administrative Functions”):expenses: (i) (A) cause the income salaries and other tax returns for expenses of all personnel, except the Owner to be prepared fees and timely filed with expenses of directors who are not "interested persons" of the appropriate authoritiesFund, and (B) provide to Owner all information available to Manager as that term is reasonably necessary for Owner or its equityholders to prepare and file all tax returns required to be filed by Ownerdefined in the 1940 Act; (ii) assist Owner all expenses incurred by the Adviser in structuringconnection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, negotiating, procuring except to the extent incurred in connection with the organization of the Fund: (a) the fee of the Adviser; (b) the compensation and administering sources expenses of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging directors who are not "interested persons" of the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for Fund; (c) the financing of Owner’s assets (provided however that fees and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager)the custodian of the Fund's assets; (iiid) maintain Owner’s financial books the fees and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangementsexpenses of independent accountants for the Fund; (ive) perform administrative brokerage commissions and procedural services necessary to reserve and purchase Containers under securities transaction costs incurred by the Container Purchase AgreementFund, including coordination any portion of such commissions attributable to research and collection of funds among the shareholders brokerage services as defined by Section 28(e) of the OwnerSecurities Exchange Act of 1934, as amended; (vf) assist all taxes and corporate fees payable by the Owner Fund to federal, state or other governmental agencies; (g) the fees of any trade association of which the Fund may be a member; (h) the cost of stock certificates representing shares of the Fund; (i) the fees and expenses involved in entering into registering and monitoring interest rate hedge agreementsmaintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (vil) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting expenses of any extraordinary nature (including litigation and legal services (other than legal services indemnification expenses) which would be an Operating Expense) as are not incurred in the Owner may require from time to time. Nothing contained in this Section 3.2(a) shall be construed as an obligation ordinary course of the Manager to pay any overhead or other costs, expenses or liabilities of Owner from its own fundsFund's business. (b) In consideration of the performance of the Administrative Functions under this Section 3.2, Manager shall be entitled to receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basis.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (aincluding certain of its officers and employees) Subject for managing the investments and affairs of the Fund. The Fund delegates to Section 20.2the Adviser the authority to vote proxies of the companies whose securities are held in the Fund's portfolio. In connection with its administration of the affairs of the Fund, Manager shall perform the Adviser will bear all of the following tasks in connection with the Business (collectively, the “Administrative Functions”):expenses: (i) (A) cause The salaries and expenses of all personnel, except the income fees and other tax returns for expenses of directors who are not "interested persons" of the Owner to be prepared and timely filed with Fund, as that term is defined in the appropriate authorities, and (B) provide to Owner all information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and file all tax returns required to be filed by Owner1940 Act; (ii) assist Owner All expenses incurred by the Adviser in structuringconnection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, negotiating, procuring except to the extent incurred in connection with the organization of the Fund: (a) The fee of the Adviser; (b) The compensation and administering sources expenses of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging directors who are not "interested persons" of the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets Fund; (provided however that c) The fees and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager)the custodian of the Fund's assets; (iiid) maintain Owner’s financial books The fees and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangementsexpenses of independent accountants for the Fund; (ive) perform administrative Brokerage commissions and procedural services necessary to reserve and purchase Containers under securities transaction costs incurred by the Container Purchase AgreementFund, including coordination any portion of such commissions attributable to research and collection of funds among the shareholders brokerage services as defined by Section 28(e) of the OwnerSecurities Exchange Act of 1934, as amended; (vf) assist All taxes and corporate fees payable by the Owner Fund to federal, state or other governmental agencies; (g) The fees of any trade association of which the Fund may be a member; (h) The cost of stock certificates representing shares of the Fund; (i) The fees and expenses involved in entering into registering and monitoring interest rate hedge agreementsmaintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) Expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) The charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (vil) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting Expenses of any extraordinary nature (including litigation and legal services (other than legal services indemnification expenses) which would be an Operating Expense) as are not incurred in the Owner may require from time to time. Nothing contained in this Section 3.2(a) shall be construed as an obligation ordinary course of the Manager to pay any overhead or other costs, expenses or liabilities of Owner from its own fundsFund's business. (b) In consideration of the performance of the Administrative Functions under this Section 3.2, Manager shall be entitled to receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basis.

Administrative Functions. In connection with its Services hereunder, the Administrative Agent shall be responsible for, and agrees to perform punctually on behalf of and for the account of the Trust in accordance with this Agreement and the Programme Agreements, the continuous management and administration of the day-to-day business of the Trust including the following matters: (a) Subject to Section 20.2, Manager shall perform performing the following tasks in connection duties of keeping accounts of the Trust and such books and records as are required or are consistent with good practice for the Business (collectively, proper conduct of the “Administrative Functions”):Trust Activities and the computation of the net income and capital of the Trust; (ib) (A) cause the income preparing and other tax filing all annual returns for the Owner and filings required to be prepared and timely filed with made in respect of the appropriate authoritiesoperations of the Trust Activities, and (B) provide to Owner all information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and file including all tax returns and securities laws reports required to be filed by Ownerthe Trust; (iic) assist Owner defending any claims made against the Trust on such terms and conditions as it may in structuring, negotiating, procuring and administering sources of financing, including debt financing on a secured, unsecured its sole discretion deem satisfactory or structured basis and including identifying and arranging as it may be directed by the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets (provided however that fees and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager)Issuer Trustee; (iiid) to the extent permitted by law, taking all such action as may reasonably be required to maintain Owner’s financial books and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangementsthe existence of the Trust; (ive) perform administrative arranging for the retention of the Trust’s auditors and procedural services the preparation of financial statements; (f) preparing or arranging for the preparation of all forms and materials required under applicable law, including all tax and securities laws reports, to be delivered by the Trust to holders of Notes, and arranging for the delivery thereof; (g) taking all steps necessary to reserve and perfect, reperfect or maintain the validity of all security interests, charges or hypothecs relating to the purchase Containers by the Trust of a Series Ownership Interest or the pledge of the Trust’s assets under the Container Trust Indenture; (h) upon receipt of notice of or otherwise becoming aware of an Event of Default (as defined in the Trust Indenture), an Amortization Event (as defined in a Series Purchase Agreement) or a Servicer Termination Event, notifying the Issuer Trustee, the Indenture Trustee, the Custodian and the Rating Agencies of the occurrence of such Event of Default, Amortization Event or Servicer Termination Event; (i) providing such other advice and services as the Issuer Trustee may from time to time reasonably request or require in connection with the Trust Activities or this Agreement, including coordination and collection of funds among the shareholders without limitation any activities of the OwnerTrust in connection with the use of its trademark; (vj) assist promptly notifying the Owner Issuer Trustee, the Indenture Trustee, the Custodian and the Rating Agencies if it is unable to perform any of its duties under this Agreement or the performance by the Administrative Agent of its duties hereunder is no longer permissible under applicable law or one of the events referred to in entering into Section 5.03 has occurred; (k) paying from the Distribution Accounts the expenses of the Trust and monitoring interest rate hedge agreementsthe Annual Distribution Amount in accordance with the terms of the Declaration of Trust, the Trust Indenture and the Programme Agreements; (l) taking such other actions as may be reasonably necessary to the accomplishment of the duties of the Administrative Agent set forth in this Article Two; and (vim) arrange providing the clerical, administrative and operational services necessary for such secretarial, accounting, administrative, financial, technical, research, consulting the proper management and legal services (other than legal services which would be an Operating Expense) as the Owner may require from time to time. Nothing contained in this Section 3.2(a) shall be construed as an obligation administration of the Manager to pay Trust, including providing any overhead office accommodation, equipment, facilities and personnel as may be required or other costs, expenses or liabilities desirable for the purpose of Owner from its own funds. (b) In consideration of fulfilling the performance duties of the Administrative Functions under this Section 3.2, Manager shall be entitled to receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basisAgent.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (aincluding certain of its officers and employees) Subject for managing the investments and affairs of the Fund. The Fund delegates to Section 20.2the Adviser the authority to vote proxies of the companies whose securities are held in the Fund's portfolio. In connection with its administration of the affairs of the Fund, Manager shall perform the Adviser will bear all of the following tasks in connection with the Business (collectively, the “Administrative Functions”):expenses: (i) (A) cause The salaries and expenses of all personnel, except the income fees and other tax returns for expenses of directors who are not "interested persons" of the Owner to be prepared and timely filed with Fund, as that term is defined in the appropriate authorities, and (B) provide to Owner all information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and file all tax returns required to be filed by Owner1940 Act; (ii) assist Owner All expenses incurred by the Adviser in structuringconnection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, negotiating, procuring except to the extent incurred in connection with the organization of the Fund: (a) The fee of the Adviser; (b) The compensation and administering sources expenses of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging directors who are not "interested persons" of the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets Fund; (provided however that c) The fees and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager)the custodian of the Fund's assets; (iiid) maintain Owner’s financial books The fees and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangementsexpenses of independent accountants for the Fund; (ive) perform administrative Brokerage commissions and procedural services necessary to reserve and purchase Containers under securities transaction costs incurred by the Container Purchase AgreementFund, including coordination any portion of such commissions attributable to research and collection of funds among the shareholders brokerage services as defined by Section 28(e) of the OwnerSecurities Exchange Act of 1934, as amended; (vf) assist All taxes and corporate fees payable by the Owner in entering into and monitoring interest rate hedge agreements; andFund to federal, state or other governmental agencies; (vig) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting and legal services The fees of any trade association of which the Fund may be a member; (other than legal services which would be an Operating Expenseh) as the Owner may require from time to time. Nothing contained in this Section 3.2(a) shall be construed as an obligation The cost of stock certificates representing shares of the Manager to pay any overhead or other costs, expenses or liabilities of Owner from its own funds.Fund; (bi) In consideration The fees and expenses involved in registering and maintaining registrations of the performance Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Administrative Functions under this Section 3.2, Manager shall be entitled Fund's registration statements and updated prospectuses provided to receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basis.current stockholders;

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (aincluding certain of its officers and employees) Subject to Section 20.2for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fund, Manager shall perform the Adviser will bear all of the following tasks in connection with the Business (collectively, the “Administrative Functions”):expenses: (i) (A) cause The salaries and expenses of all personnel, except the income fees and other tax returns for expenses of directors who are not "interested persons" of the Owner to be prepared and timely filed with Fund, as that term is defined in the appropriate authorities, and (B) provide to Owner all information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and file all tax returns required to be filed by Owner1940 Act; (ii) assist Owner All expenses incurred by the Adviser in structuringconnection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, negotiating, procuring except to the extent incurred in connection with the organization of the Fund: (a) The fee of the Adviser; (b) The compensation and administering sources expenses of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging directors who are not "interested persons" of the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets Fund; (provided however that c) The fees and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager)the custodian of the Fund's assets; (iiid) maintain Owner’s financial books The fees and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangementsexpenses of independent accountants for the Fund; (ive) perform administrative Brokerage commissions and procedural services necessary to reserve and purchase Containers under securities transaction costs incurred by the Container Purchase AgreementFund, including coordination any portion of such commissions attributable to research and collection of funds among the shareholders brokerage services as defined by Section 28(e) of the OwnerSecurities Exchange Act of 1934, as amended; (vf) assist All taxes and corporate fees payable by the Owner Fund to federal, state or other governmental agencies; (g) The fees of any trade association of which the Fund may be a member; (h) The cost of stock certificates representing shares of the Fund; (i) The fees and expenses involved in entering into registering and monitoring interest rate hedge agreementsmaintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) Expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) The charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (vil) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting Expenses of any extraordinary nature (including litigation and legal services (other than legal services indemnification expenses) which would be an Operating Expense) as are not incurred in the Owner may require from time to time. Nothing contained in this Section 3.2(a) shall be construed as an obligation ordinary course of the Manager to pay any overhead or other costs, expenses or liabilities of Owner from its own fundsFund's business. (b) In consideration of the performance of the Administrative Functions under this Section 3.2, Manager shall be entitled to receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basis.