Common use of All Necessary Action Taken Clause in Contracts

All Necessary Action Taken. Immediately after each of the transfers and conveyances to the Issuer as contemplated in this Agreement, all necessary action will have been taken by the Seller to validly transfer and convey to the Issuer all right, title and interest of the Seller in and to the Transferred Containers and the Related Assets;

All Necessary Action Taken. Immediately after each of the transfers sales and conveyances to the Issuer as contemplated in this Agreement, all necessary action will have been taken by the Seller to validly transfer and convey to the Issuer (a) all right, title and interest of the Seller in and to payments then due under each Lease to the extent related to a Transferred Container and all scheduled lease payments to become due thereunder which relate to a Transferred Container and (b) all right, title and interest of the Seller in and to the related Transferred Containers and the Related AssetsContainers;