Common use of Rights to Leases Clause in Contracts

Rights to Leases. The rights with respect to each Lease included in the Related Assets for such Container either (x) are assignable without the consent of the related Lessee or any other Person other than consents that will have been obtained on or before the related transfer date, or (y) are subject to a one hundred percent (100%) participation interest in favor of the Administrative Agent, on behalf of the Lenders;

Appears in 2 contracts

Samples: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (Seacastle Inc.)

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Rights to Leases. The rights with respect to each Lease included in the Related Assets for such Container either (x) are assignable without the consent of the related Lessee or any other Person other than consents that will have been obtained on or before the related transfer date, or (y) are subject to a one hundred percent (100%) participation interest in favor of the Administrative Agent, on behalf of the LendersLender;

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

Rights to Leases. The rights with respect to each Lease included in the Related Assets for such Container either (xi) are assignable without the consent of the related Lessee or any other Person other than consents that will have been obtained on or before the related transfer datedate and remain in full force and effect, or (yii) are subject to a one hundred percent (100%) participation interest in favor of the Administrative Agent, on behalf of the Lenders;

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

Rights to Leases. The rights with respect to each Lease included in the Related Assets for such Eligible Container are either (xi) are assignable without the consent of the related Lessee or any other Person other than or subject to consents that will have been obtained on or before the related transfer date, Drawdown Date or any later date that any Eligible Container is added or substituted pursuant to the terms of the Loan Documents or (yii) are subject to a one hundred percent (100%) participation interest in favor of the Administrative Collateral Agent, on behalf of the Lenders;

Appears in 1 contract

Samples: Term Loan Agreement (TAL International Group, Inc.)

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Rights to Leases. The rights with respect to each Lease included in the Related Assets for such Eligible Container are either (xi) are assignable without the consent of the related Lessee or any other Person other than or subject to consents that will have been obtained on or before the related transfer date, Closing Date or any later date that any Eligible Container is added or substituted pursuant to the definition of “Eligible Container” or (yii) are subject to a one hundred percent (100%) participation interest in favor of the Administrative Agent or Collateral Agent, on behalf of the Lenders;

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

Rights to Leases. The rights with respect to each Lease included in the Related Assets for such Container either (x) are assignable without the consent of the related Lessee or any other Person other than consents that will have been obtained on or before the related transfer date, or (y) are subject to a one hundred percent (100%) participation interest in favor of the Administrative AgentLoan Servicer, on behalf of the LendersLender;

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

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