Common use of Maximum Concentration of Non-Marine Cargo Users Clause in Contracts

Maximum Concentration of Non-Marine Cargo Users. The sum of the Net Book Values of all Eligible Containers subject to Lease Agreements under which the lessee is a Person that is not a marine cargo user shall not exceed seven percent (7%) of the Aggregate Net Book Value;

Appears in 3 contracts

Samples: Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.)

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Maximum Concentration of Non-Marine Cargo Users. The percentage by which (x) the sum of the Net Book Values of all Eligible Containers subject to Lease Agreements under which the lessee is a Person that is not a marine cargo user shall not exceed divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) seven percent (7%) of the Aggregate Net Book Value);

Appears in 2 contracts

Samples: Indenture (TAL International Group, Inc.), Indenture (TAL International Group, Inc.)

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