Common use of Taxes; Maintenance; Insurance Clause in Contracts

Taxes; Maintenance; Insurance. Such Finance Lease contains provisions requiring the related Lessee to pay all sales, use, excise, rental, property or similar taxes imposed on or with respect to the Container and to assume all risk of loss or malfunction of the related Container and such Lease requires the related Lessee, at its own expense, to maintain the Container in good and workable order and to obtain and maintain liability insurance and physical damage insurance on the Container subject thereto;

Appears in 3 contracts

Samples: Credit Agreement (Interpool Inc), Credit Agreement (Interpool Inc), Credit Agreement (Interpool Inc)

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Taxes; Maintenance; Insurance. Such Finance Lease contains provisions requiring the related Lessee to pay all sales, use, excise, rental, property or similar taxes imposed on or with respect to the Container and to assume all risk of loss or malfunction of the related Container and such Finance Lease requires the related Lessee, at its own expense, to maintain the Container in good and workable order and to obtain and maintain liability insurance and physical damage insurance on the Container subject theretothereto (subject to Lessee's right to self-insure in accordance with the Credit and Collection Policy);

Appears in 1 contract

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

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