Common use of Maximum Concentration of Non-Monthly Rental Payments Clause in Contracts

Maximum Concentration of Non-Monthly Rental Payments. The sum of the Net Book Values of all Eligible Containers subject to Lease Agreements for which rentals are payable less frequently than monthly shall not exceed five percent (5%) 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.)

AutoNDA by SimpleDocs

Maximum Concentration of Non-Monthly Rental Payments. The percentage by which (x) the sum of the Net Book Values of all Eligible Containers subject to Lease Agreements for which rentals are payable less frequently than monthly shall not exceed divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) five percent (5%) of the Aggregate Net Book Value);

Appears in 2 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!