Common use of Good Title and First Lien Clause in Contracts

Good Title and First Lien. The Borrower has good and marketable title to such Finance Lease and the Collateral Agent shall have a first priority, perfected security interest in the Borrower’s rights in such Finance Lease;

Appears in 2 contracts

Samples: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (Seacastle Inc.)

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Good Title and First Lien. The Borrower has good and marketable title to such Finance Lease and the Collateral Owner Containers subject thereto and the Administrative Agent shall have a first prioritypriority (subject only to Permitted Liens), perfected security interest in the Borrower’s rights in such Finance LeaseLease and the Owner Containers subject thereto;

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

Good Title and First Lien. The Borrower has shall have good and marketable title to such Finance Lease and the Collateral Agent shall have a first priority, perfected security interest in the Borrower’s 's rights in such Finance Lease;; and

Appears in 1 contract

Samples: Credit Agreement (Interpool Inc)

Good Title and First Lien. The Borrower has shall have good and marketable title to such Finance Lease and the Collateral Agent Agent, for the benefit of the Lenders, shall have a first priority, perfected security interest in the Borrower’s 's rights in such Finance Lease;

Appears in 1 contract

Samples: Credit Agreement (Interpool Inc)

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Good Title and First Lien. The Borrower has shall have good and marketable title to such Finance Lease and the Collateral Agent Agent, for the benefit of the Lenders, shall have a first priority, perfected security interest in the Borrower’s rights in such Finance Lease;

Appears in 1 contract

Samples: Credit Agreement (Interpool Inc)

Good Title and First Lien. The Borrower has good and marketable title the right to assign to such Finance Lease and the Collateral Agent shall have a first priority, perfected security interest in the Borrower’s 's rights in such Finance Lease;; and

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

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