Common use of All Necessary Action Taken Clause in Contracts

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

All Necessary Action Taken. Immediately after each of the sales and conveyances to the Buyer Borrower as contemplated in this Purchase Agreement, all necessary action will have been taken by the Seller to validly transfer and convey to the Buyer Borrower (a) all right, title and interest of the Seller in and to payments then due under the 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.;