Common use of Ownership of Equity Interests Clause in Contracts

Ownership of Equity Interests. The occurrence of any of the following: (i) the Guarantor shall cease, directly, to own and control legally and beneficially all of the Equity Interests in the Borrower, (ii) the Guarantor shall cease, directly, to own and control legally and beneficially all of the Equity Interests in TEML, or (iii) the Borrower shall cease, directly, to own and control legally and beneficially all of the Equity Interests in each Receivables Subsidiary (other than TAP Funding and TWC); or

Appears in 3 contracts

Samples: Credit Agreement (Textainer Group Holdings LTD), Revolving Credit Agreement (Textainer Group Holdings LTD), Term Loan Agreement (Textainer Group Holdings LTD)

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Ownership of Equity Interests. The occurrence of any of the following: (i) the Guarantor shall cease, directly, to own and control legally and beneficially all of the Equity Interests in the Borrower, (ii) the Guarantor shall cease, directly, to own and control legally and beneficially all of the Equity Interests in TEML, or (iii) the Borrower shall cease, directly, to own and control legally and beneficially all of the Equity Interests in each Receivables Subsidiary (other than TAP Funding and TWC); or

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

Ownership of Equity Interests. The occurrence of any of the following: (i) the Guarantor shall cease, directlydirectly or indirectly, to own and control legally and beneficially all of the Equity Interests in the Borrower, (ii) the Guarantor shall cease, directlydirectly or indirectly, to own and control legally and beneficially all of the Equity Interests in TEML, TEM or (iii) the Borrower shall cease, directlydirectly or indirectly, to (x) own and control legally and beneficially all at least fifty percent (50%) of the Equity Interests Interest in each Receivables Subsidiary TMCL or (other than TAP Funding and TWC)y) Control TMCL; or

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

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Ownership of Equity Interests. The occurrence of any of the following: (i) the Guarantor shall cease, directly, to own and control legally and beneficially all of the Equity Interests in the Borrower, (ii) the Guarantor shall cease, directly, to own and control legally and beneficially all of the Equity Interests in TEML, or (iii) the Borrower shall cease, directly, to own and control legally and beneficially all of the Equity Interests in each Receivables Subsidiary (other than TAP Funding and TWC)Subsidiary; or

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

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