Common use of Amendments to Operative Agreements Clause in Contracts

Amendments to Operative Agreements. The Trustees and Participants will not terminate the Operative Agreements to which the Lessee is not or will not be a party, or amend, supplement, waive or modify such Operative Agreements in any manner that increases the obligations or liabilities, or decreases the rights, of the Lessee under such Operative Agreements, except in accordance with such Operative Agreements in effect on the date hereof (as amended, modified or supplemented from time to time in accordance with the terms hereof and of such Operative Agreements). The Owner Participant and the Trustees (as applicable) agree that, in any event, they will not amend Section 2.10 or Article IX of the Indenture or Article IX of the Trust Agreement without the prior written consent of the Lessee.

Appears in 3 contracts

Samples: Participation Agreement (Union Tank Car Co), Participation Agreement (Gatx Rail Corp), Participation Agreement (Union Tank Car Co)

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Amendments to Operative Agreements. The Trustees and ---------------------------------- Participants will not terminate the Operative Agreements to which the Lessee is not or will not be a party, or amend, supplement, waive or modify such Operative Agreements in any manner that increases the obligations or liabilities, or decreases the rights, of the Lessee under such Operative Agreements, except in accordance with such Operative Agreements in effect on the date hereof (as amended, modified or supplemented from time to time in accordance with the terms hereof and of such Operative Agreements). The Owner Participant and the Trustees (as applicable) agree that, in any event, they will not amend Section 2.10 or Article IX of the Indenture or Article IX of the Trust Agreement without the prior written consent of the Lessee.

Appears in 1 contract

Samples: Participation Agreement (Gatx Rail Corp)

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