Common use of Revenue Equipment Clause in Contracts

Revenue Equipment. All Revenue Equipment which, under applicable law, is required to be registered, is properly registered in the name of the Grantor or, in the case of newly acquired Revenue Equipment, the Grantor is diligently pursuing the process of causing such Revenue Equipment to be registered in the Grantor's name. All Revenue Equipment, the ownership of which, under applicable law, is evidenced by a certificate of title, is properly titled in the name of the Grantor. All certificates of title with respect to the Revenue Equipment owned by the Grantor will be maintained by the Custodians (as defined in Section 4.9 of this Security Agreement) at the address of the Grantor referenced on Schedule 2.17 in the Credit Agreement.

Revenue Equipment. All Revenue Equipment which, under applicable law, is required to be registered, is properly registered in the name of the such Grantor or, in the case of newly acquired Revenue Equipment, the such Grantor is diligently pursuing the process of causing such Revenue Equipment to be registered in the such Grantor's name. All Revenue Equipment, the ownership of which, under applicable law, is evidenced by a certificate of title, is properly titled in the name of the such Grantor. All certificates of title with respect to the Revenue Equipment owned by the such Grantor will be maintained by the Custodians (as defined in Section 4.9 of this Security Agreement) at the address of the referenced for such Grantor referenced on Schedule 2.17 in to the Credit Agreement.