Common use of No Guarantee of Residual Value or Debt Clause in Contracts

No Guarantee of Residual Value or Debt. Nothing contained herein or in the Lease, the Indenture, the Trust Agreement or the Tax Indemnity Agreement or in any certificate or other statement delivered by the Lessee in connection with the transactions contemplated hereby shall be deemed to be (i) a guarantee by the Lessee or TILC to the Owner Trustee, the Owner Participant, the Indenture Trustee, the Pass Through Trustee or the Loan Participant that the Equipment will have any residual value or useful life, or (ii) a guarantee by the Indenture Trustee, the Owner Trustee, the Owner Participant, the Lessee or TILC (A) of payment of the principal of, premium, if any, or interest on the Equipment Notes or (B) against losses due to the financial inability to pay of an obligor with respect to a Sublease or Pledged Equipment Sublease.

No Guarantee of Residual Value or Debt. Nothing contained herein or in the Lease, the Indenture, the Trust Agreement or the Tax Indemnity Agreement or in any certificate or other statement delivered by the Lessee in connection with the transactions contemplated hereby shall be deemed to be (i) a guarantee by the Lessee Lessee, TILC or TILC TRMI to the Owner Trustee, the Owner Participant, the Indenture Trustee, the Pass Through Trustee or the Loan Participant that the Equipment will have any residual value or useful life, or (ii) a guarantee by the Indenture Trustee, the Owner Trustee, the Owner Participant, the Lessee Lessee, TILC or TILC (A) TRMI of payment of the principal of, premium, if any, or interest on the Equipment Notes or (B) against losses due to the financial inability to pay of an obligor with respect to a Sublease or Pledged Equipment SubleaseNotes.

No Guarantee of Residual Value or Debt. Nothing contained herein or in the Lease, the Indenture, the Trust Agreement or the any Tax Indemnity Agreement or in any certificate or other statement delivered by the Lessee in connection with the transactions contemplated hereby shall be deemed to be (i) a guarantee by the Lessee or TILC to the Owner Trustee, the Owner Participant, the Indenture Trustee, the Pass Through Trustee or the Loan Participant that the Equipment will have any residual value or useful life, or (ii) a guarantee by the Indenture Trustee, the Owner Trustee, the Owner Participant, the Lessee or TILC (A) of payment of the principal of, premium, if any, or interest on the Equipment Notes or (B) against losses due to the financial inability to pay of an obligor with respect to a Sublease or Pledged Equipment Sublease.

No Guarantee of Residual Value or Debt. Nothing contained -------------------------------------- herein or in the Lease, the Trust Indenture, the Trust Agreement, the Pass Through Trust Agreement or the Tax Indemnity Agreement or in any certificate or other statement delivered by the Lessee in connection with the transactions contemplated hereby shall be deemed to be (i) a guarantee by the Lessee or TILC to the Owner Trustee, the Owner Participant, the Indenture Trustee, the Pass Through Trustee or the Loan Participant that the Equipment will have any residual value or useful life, or (ii) a guarantee by the Indenture Trustee, the Owner Trustee, the Owner Participant, Trustee or the Lessee or TILC (A) of payment of the principal of, premium, if any, or interest on the Equipment Notes or (B) against losses due to the financial inability to pay of an obligor with respect to a Sublease or Pledged Equipment SubleaseNotes.

No Guarantee of Residual Value or Debt. Nothing contained herein or in the Lease, the Indenture, the Trust Agreement or the any Tax Indemnity Agreement or in any certificate or other statement delivered by the Lessee in connection with the transactions contemplated hereby shall be deemed to be (i) a guarantee by the Lessee or TILC to the Owner Trustee, the Owner Participant, the Indenture Trustee, the Pass Through Trustee or the Loan Participant that the Equipment will have any residual value or useful life, or (ii) a guarantee by the Indenture Trustee, the Owner Trustee, the Owner Participant, the Lessee or TILC (A) of 82 payment of the principal of, premium, if any, or interest on the Equipment Notes or (B) against losses due to the financial inability to pay of an obligor with respect to a Sublease or Pledged Equipment Sublease.