Common use of Owner Participant an Affiliate of Lessee Clause in Contracts

Owner Participant an Affiliate of Lessee. If at any time the original or any successor Owner Participant shall be an Affiliate of Lessee, such Owner Participant and Lessee agree that, notwithstanding any provision of the Indenture to the contrary, they will not modify, amend or supplement any provision of the Lease or this Agreement or give, or permit Owner Trustee to give, any consent, waiver, authorization or approval thereunder if any such action would adversely affect in a material manner Indenture Trustee or any holder of an Equipment Note unless such action shall have been consented to by a Majority In Interest.

Appears in 3 contracts

Samples: Participation Agreement (Kansas City Southern), Participation Agreement (Kansas City Southern), Participation Agreement (Kansas City Southern)

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Owner Participant an Affiliate of Lessee. If at any time the ---------------------------------------- original or any successor Owner Participant shall be an Affiliate of the Lessee, such Owner Participant and the Lessee agree that, that notwithstanding any provision Section 9.05 of the Indenture to the contrary, they will not vote its Beneficial Interest to modify, amend or supplement any provision of the Lease or this Agreement or give, or permit the Owner Trustee to give, any consent, waiver, authorization or approval thereunder if any such action would adversely affect in a material manner the Indenture Trustee or any holder of an Equipment Note unless such action shall have been consented to by a Majority In in Interest.

Appears in 1 contract

Samples: Participation Agreement (Gatx Rail Corp)

Owner Participant an Affiliate of Lessee. If at any time the original or any successor Owner Participant shall be an Affiliate of the Lessee, such Owner Participant and the Lessee agree that, that notwithstanding any provision Section 9.05 of the Indenture to the contrary, they such Owner Participant will not vote its Beneficial Interest to modify, amend or supplement any provision of the Lease or this Agreement or give, or permit the Owner Trustee to give, any consent, waiver, authorization or approval thereunder if any such action would adversely affect in a material manner the Indenture Trustee or any holder of an Equipment Note unless such action shall have been consented to by a Majority In in Interest.

Appears in 1 contract

Samples: Participation Agreement (Union Tank Car Co)

Owner Participant an Affiliate of Lessee. If at any time the original or any successor Owner Participant shall be an Affiliate affiliate of Lessee, such Owner Participant and Lessee agree that, notwithstanding any provision of the Indenture to the contrary, they will not modify, amend or supplement any provision of the Lease or this Agreement or give, or permit Owner Trustee to give, any consent, waiver, authorization or approval thereunder if any such action would adversely affect in a material manner Indenture Trustee or any holder of an Equipment Note unless such action shall have been consented to by a Majority In in Interest.

Appears in 1 contract

Samples: Participation Agreement (Kansas City Southern)

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Owner Participant an Affiliate of Lessee. If at any time the original or any successor Owner Participant shall be an Affiliate of the Lessee, such Owner Participant and the Lessee agree that, that notwithstanding any provision Section 10.05 of the Indenture to the contrary, they such Owner Participant will not vote its Beneficial Interest to modify, amend or supplement any provision of the Lease or this Agreement or give, or permit the Owner Trustee to give, any consent, waiver, authorization or approval thereunder if any such action would adversely affect in a material manner the Indenture Trustee or any holder of an Equipment Note unless such action shall have been consented to by a Majority In in Interest.

Appears in 1 contract

Samples: Participation Agreement (Union Tank Car Co)

Owner Participant an Affiliate of Lessee. If at any time the original or any successor Owner Participant shall be an Affiliate of the Lessee, such Owner Participant and the Lessee agree that, that notwithstanding any provision Section 9.05 of the Indenture to the contrary, they will not vote its Beneficial Interest to modify, amend or supplement any provision of the Lease or this Agreement or give, or permit the Owner Trustee to give, any consent, waiver, authorization or approval thereunder if any such action would adversely affect in a material manner the Indenture Trustee or any holder of an Equipment Note unless such action shall have been consented to by a Majority In in Interest.

Appears in 1 contract

Samples: Participation Agreement (Gatx Rail Corp)

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