REPRESENTATIONS AND WARRANTIES OF THE SELLER-GENERAL. It is understood and agreed by Seller and Buyer that as a material inducement to Buyer to enter into this Agreement the Seller hereby represents and warrants to the Buyer as follows:
REPRESENTATIONS AND WARRANTIES OF THE SELLER-GENERAL. The Seller makes the following representations and warranties for the benefit of the Purchaser, the Indenture Trustee, each Noteholder and each other Secured Party, on which the Purchaser relies in acquiring the Railcars, related Leases and Related Assets Conveyed by the Seller hereunder. Such representations are made as of each Delivery Date and at such other times specified below.
REPRESENTATIONS AND WARRANTIES OF THE SELLER-GENERAL. 1. Seller is an entity duly organized, validly existing and in good standing under the laws of the state of its organization, is duly qualified as a foreign entity in all jurisdictions wherein the character of the property owned or leased or mortgaged or the nature of the business transacted by the Seller makes qualification as a foreign entity necessary, and is duly licensed in all jurisdictions by all required authorities relating to the business conducted therein by the Seller. To the extent required by applicable Laws, all of the Seller’s employees, agents or other representatives are duly licensed in all jurisdictions by all required authorities relating to the business conducted therein by them.
REPRESENTATIONS AND WARRANTIES OF THE SELLER-GENERAL. The Seller makes the following representations and warranties for the benefit of the Purchaser and the Administrative Agent, on which the Purchaser relies in acquiring the Equipment, the related Lease Agreements and Related Assets Conveyed by the Seller hereunder. Such representations are made as of each Delivery Date, but shall survive until the Obligations shall have been paid in full.
REPRESENTATIONS AND WARRANTIES OF THE SELLER-GENERAL. TILC makes the following representations and warranties for the benefit of the Purchaser, the Indenture Trustee, each Noteholder and each other Secured Party, on which the Purchaser relies in acquiring the Railcars, related Leases and Related Assets Conveyed by the Seller hereunder. Such representations are made as of each Delivery Date and at such other times specified below.
