Lessor's Inspection Rights. Lessor, Owner Participant and the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost and expense, unless a Lease Event of Default shall have occurred and be continuing, by their respective authorized representatives, to inspect the Units, all subleases thereof and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the Manager's premises or in areas that are not the premises of a Sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease Event of Default, no inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units or the ordinary course of Lessee's or any Sublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.
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Samples: Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc)
Lessor's Inspection Rights. Lessor, Owner Participant and the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost and expense, unless a Lease Event of Default shall have occurred and be continuing, by their respective authorized representatives, to inspect the Units, all subleases thereof and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the Manager's premises or in areas that are not the premises of a Sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful willful misconduct. Except following the occurrence and continuance of a Lease Event of Default, no inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units or the ordinary course of Lessee's or any Sublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.
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Samples: Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc)
Lessor's Inspection Rights. Lessor, Owner Participant and the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost and expense, unless a Lease Event of Default shall have occurred and be continuing, by their respective authorized representatives, to inspect the Units, all subleases thereof and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the Manager's premises or in areas that are not the premises of a Sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease Event of Default, no inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units or the ordinary course of Lessee's or any Sublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.. Lease Agreement (TRLI 2001-1B)
Appears in 2 contracts
Samples: Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc)
Lessor's Inspection Rights. Lessor, Owner Participant -------------------------- and the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost cost, expense and expenserisk (including, unless a Lease Event without limitation, the risk of Default shall have occurred and be continuingbodily injury or death), by their respective authorized representatives, to inspect (a) the UnitsEquipment and Lessee's records with respect thereto, all subleases thereof and (b) following the occurrence of a Lease Default and during the continuance thereof, or following notice by Lessee that it will be returning any Unit to Lessor pursuant to Section 10 or Section 22, any sublease of the Equipment and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the ManagerLessee's premises or in areas that are not the premises of a Sublessee sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, any Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease Event of Default, no No inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units Equipment or the ordinary course of Lessee's or any Sublesseesublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.
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Lessor's Inspection Rights. Lessor, Owner Participant and -------------------------- the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost and expense, unless a Lease an Event of Default shall have occurred and be continuing, by their respective authorized representatives, to inspect the UnitsEquipment, all subleases thereof and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the Manager's premises or in areas that are not the premises of a Sublessee sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, any Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease an Event of Default, no inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units Equipment or the ordinary course of Lessee's or any Sublesseesublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.
Appears in 1 contract
Samples: Equipment Lease Agreement (General American Railcar Corp Ii)
Lessor's Inspection Rights. Lessor, Owner Participant and -------------------------- the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost and expense, unless a Lease an Event of Default shall have occurred and be continuing, by their respective authorized representatives, to inspect the UnitsEquipment, all subleases thereof and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the Manager's premises or in areas that are not the premises of a Sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, any Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease an Event of Default, no inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units Equipment or the ordinary course of Lessee's or any Sublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.
Appears in 1 contract
Samples: Equipment Lease Agreement (General American Railcar Corp Ii)
Lessor's Inspection Rights. Lessor, Owner Participant and the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost cost, expense and expenserisk (including, unless a Lease Event without limitation, the risk of Default shall have occurred and be continuingbodily injury or death), by their respective authorized representatives, to inspect the Units, all subleases thereof Equipment and Lessee's maintenance records with respect theretoto the Equipment (consisting of maintenance logs and records, and sublessee identity and location). All inspections shall be conducted during Lessee's normal business hours, on the Manager's premises or in areas that are not the premises of a Sublessee to which Lessee has reasonable access, hours and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, any Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease Event of Default, no No inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units Equipment or the ordinary course normal conduct of Lessee's or any Sublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith. Upon request by Lessor, which request shall not be made more than once in any calendar year (unless an Event of Default shall have occurred and be continuing in which case at any reasonable time), Lessee, upon three Business Days' prior notice from Lessor, will provide Lessor with reasonable access at Lessee's office where such information is located to information regarding the Person in possession of any or all Units as specified in such request; provided that, prior to providing Lessor with access to such information, Lessee and Lessor shall have executed a confidentiality agreement in form and substance reasonably satisfactory to Lessee with respect to such information.
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Lessor's Inspection Rights. Lessor, Owner Participant and the Indenture Trustee each shall have the right, but not the obligation, at their respective sole cost cost, expense and expenserisk (including, unless a Lease Event without limitation, the risk of Default shall have occurred and be continuingbodily injury or death), by their respective authorized representatives, to inspect (a) the UnitsEquipment and Lessee's records with respect thereto, all subleases thereof and (b) following the occurrence of a Lease Default and during the continuance thereof, or following notice by Lessee that it will be returning any Unit to Lessor pursuant to Section 10 or Section 22, any sublease of the Equipment and Lessee's records with respect thereto. All inspections shall be conducted during Lessee's normal business hours, on the ManagerLessee's premises or in areas that are not the premises of a Sublessee sublessee to which Lessee has reasonable access, and upon reasonable prior notice to Lessee. Lessee shall not be liable for any injury to, or the death of, any Person exercising, either on behalf of Lessor, any Owner Participant, the Indenture Trustee or any prospective user, the rights of inspection granted under this Section 13.2 unless caused by Lessee's gross negligence or wilful misconduct. Except following the occurrence and continuance of a Lease Event of Default, no No inspection pursuant to this Section 13.2 shall interfere with the use, operation or maintenance of the Units Equipment or the ordinary course of Lessee's or any Sublesseesublessee's business, and except as provided herein, Lessee shall not be required to undertake or incur any additional liabilities in connection therewith.
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