Examples of Fleet Owner Agreement in a sentence
Each of the Collateral Agreements to which such Issuer is a party is in full force and effect and there are no (x) outstanding Enforcement Events, Termination Events, Potential Enforcement Events or Potential Termination Events under the SPV Fleet Owner Agreement, (y) outstanding Administrator Defaults under the Administration Agreement or (z) defaults by the Nominee Titleholder of any of its obligations or covenants under the Nominee Titleholder Agreement.
Each Box Truck owned by such Issuer is, and since the later of (x) the Effective Date and (y) the date of the acquisition of such Box Truck by such Issuer has been, subject to the SPV Fleet Owner Agreement.
In the event that all of the Box Trucks owned by a Box Truck SPV are sold or otherwise disposed of in accordance with Section IV of the SPV Fleet Owner Agreement and the Disposition Proceeds thereof are distributed in accordance with the terms of the Indenture, such Box Truck SPV shall be released and discharged from its obligations under the Indenture and shall be deemed to no longer be an Issuer hereunder.
Each Box Truck SPV agrees that each Box Truck owned by it shall at all times after the Effective Date be subject to the SPV Fleet Owner Agreement.
The undersigned, on behalf of the Fleet Owner, represents and warrants that, as of the Effective Date: (i) he or she is authorized by an applicable governing document or other corporate or formation authority to enter into all transactions contemplated by this Fleet Owner Agreement; and (ii) the signatures appearing on all supporting documents of authority are authentic.
Each Cargo Van/Pick-Up Truck SPV agrees that each Cargo Van or Pick-Up Truck, as applicable, owned by it shall at all times after the Effective Date be subject to the SPV Fleet Owner Agreement.
This Fleet Owner Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts.
From and after the date of this Agreement, being the date upon which all parties have executed the contract, the obligations, rights and duties of the parties shall be as set forth in this Agreement, the newly executed Fleet Owner Agreement, Trailer Lease Agreement, and Terminal Agreement.
Each Cargo Van or Pick-Up Truck, as applicable, owned by such Issuer is, and since the later of (x) the Effective Date and (y) the date of the acquisition of such Cargo Van or Pick-Up Truck by such Issuer has been, subject to the SPV Fleet Owner Agreement.
At the effective date of this Agreement, XRG Logistics and or XRG will pay to Sxxxxxxxx all previous lease payments due under the previous Fleet Owner Agreement for the use of the Trucks previously belonging to Sxxxxxxxx and will furnish documentation regarding the amount due.