Eligible Chassis definition

Eligible Chassis means, as of any date of determination, any Pledged Chassis which complies with the covenants set forth in this Agreement and each of the following requirements:
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Eligible Chassis means, on any date of determination of the eligibility thereof, a Chassis which:
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Eligible Chassis the words "(exclusive of Permitted Liens of the type set forth in clauses (xi)(B) and (xv) of Section 9.3)" after the words "except for Permitted Liens";
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Examples of Eligible Chassis in a sentence

  • At the relevant time of reference thereto, the Net Book Value of an Eligible Container, Eligible Generator, Eligible Refrigeration Unit or Eligible Chassis, as the case may be, determined in accordance with GAAP.

  • All leases or contracts for use or hire of an Eligible Container or Eligible Chassis by a Lessee and a Borrower, as lessor, but only to the extent such lease or contract relates to an Eligible Container or Eligible Chassis.

  • Any titling trust established by, or on behalf of, any Borrower in order to serve as the registered owner of an Eligible Chassis.

  • All insurance maintained by the Borrower for loss or damage of the Eligible Containers and Eligible Chassis shall provide that losses, if any, shall be payable to the Loan Servicer or its designee as loss payee and the Borrower shall utilize its reasonable efforts to have all checks relating to any such losses delivered promptly to Loan Servicer or such other person designated by the Loan Servicer.

  • In the event that ---------------------------------------- an Event of Bankruptcy with respect to an Eligible Chassis Manufacturer shall have occurred and be continuing, ▇▇▇▇▇ shall cause Leasco, pursuant to Section 12.03(b) and in accordance with Section 10.14 of the Loan Agreement, to refrain from placing any Vehicle Order with such Manufacturer.

  • All insurance maintained by the Borrowers for loss or damage of the Eligible Containers and Eligible Chassis shall provide that losses, if any, shall be payable to the Administrative Agent or its designee as sole loss payee and the Borrower shall utilize its reasonable efforts to have all checks relating to any such losses delivered promptly to Administrative Agent or such other person designated by the Administrative Agent.

  • With respect to Eligible Motor Vehicle Equipment, Eligible Containers and Eligible Chassis, the Original Cost to the Borrower or any of its Subsidiaries of such Motor Vehicle Equipment, Container or Chassis, as the case may be, adjusted to reflect depreciation in accordance with the applicable depreciation method set forth on Schedule 1.2 attached hereto.

  • Any titling trust established by, or on behalf of, the Borrower in order to serve as the registered owner of an Eligible Chassis.

  • With respect to Eligible Containers and Eligible Chassis as of the date of determination an amount equal to the aggregate amount of depreciation expense recorded with respect to such Eligible Container or Eligible Chassis since the date of original acquisition by the applicable Borrower, according to CAI’s depreciation policy as determined in accordance with GAAP.

  • As of any date of determination, an amount equal to the sum of the Net Book Values (such Net Book Values to be measured as of the last day of the prior month) of all Eligible Containers and all Eligible Chassis.