Container Management System. The tracking and billing system used by the Manager and its Affiliates and any upgrade of, successor to, or replacement for, such system.
Container Management System. Create, incur, assume or grant or suffer to exist, directly or indirectly, in favor of any Person, any Lien on the container management system (or similar software package and/or computer system designed to manage and track the Containers under management by the Manager) used by the Manager in the ordinary course of its business. Each Loan Party shall promptly take, or cause to be taken, such actions as may be necessary to discharge any such Lien.
Container Management System. Without the prior written consent of the Collateral Agent, the Debtor agrees that it will not grant to any Person, or permit any Person to obtain a Lien, over the Container Management System.
Container Management System. Without the prior written consent of the Indenture Trustee, acting at the direction of the Requisite Global Majority, the Manager agrees that it will not grant to any Person, or permit any Person to obtain, a Lien (other than items listed in clauses (i), (ii), (iii), (iv) or (v) of the definition of “Permitted Encumbrances” (as determined as though the Container Management System were deemed “Collateral” for the purposes of the definition of “Permitted Encumbrance”)) over the Container Management System.
Container Management System. (a) The Borrower agrees that (to the extent of its ownership or other interest therein) neither it nor any of its Affiliates shall create, incur, assume or grant or suffer to exist, directly or indirectly, in favor of any Person, any Lien (other than Permitted Liens) on the Container Management System. The Borrower shall promptly take or cause to be taken such actions as may be necessary to discharge any such Lien (other than Permitted Liens).
(b) In the event that the Borrower fails to maintain the Manager Transition Threshold (as defined in the Indenture) or an Early Amortization Event (as defined in the Indenture) or a Manager Default (as defined in the Indenture) or an Event of Default occurs, the Borrower shall, to the extent required under the Indenture, cause the Transition Agent (as defined in the Indenture) to obtain the necessary licenses for essential servicing software necessary in order to service the assets included in the Borrowing Base.
Container Management System. An officer of the Servicer shall have delivered to the Agent a certificate setting forth the various software systems used by the Servicer in the operation of its container management system.
Container Management System. With respect to the Container Management System, the Borrower shall at all times comply with the provisions of Section 3.5 of the Security Agreement.
Container Management System. The Debtor agrees that (to the extent of its ownership or other interest therein) neither it nor any of its Affiliates shall create, incur, assume or grant or suffer to exist, directly or indirectly, in favor of any Person, any Lien (other than Permitted Liens) on the Container Management System. The Debtor shall promptly take or cause to be taken such actions as may be necessary to discharge any such Lien (other than Permitted Liens) on the Container Management System.
Container Management System. (a) The Borrower agrees that (to the extent of its ownership or other interest therein) neither it nor any of its Affiliates shall create, incur, assume or grant or suffer to exist, directly or indirectly, in favor of any Person, any Lien (other than Permitted Liens) on the Container Management System. The Borrower shall promptly take or cause to be taken such actions as may be necessary to discharge any such Lien (other than Permitted Liens).
(b) In the event that the Borrower fails to maintain the Manager Transition Threshold (as defined in the Indenture) or an Early Amortization Event (as defined in the Indenture) or a Manager Default (as defined in the Indenture) or an Event of Default occurs, the Borrower shall cause the Transition Agent (as defined in the Indenture) to obtain the necessary licenses for essential servicing software necessary in order to service the assets included in the Borrowing Base.
Container Management System. With respect to the Container Management System, the Company shall at all times comply with the provisions of Section 4.8 of the Security Agreement.
