Examples of Leased Rail Cars in a sentence
Leased Rail Cars shall be leased pursuant to the terms and conditions set forth in Appendix B attached hereto and incorporated herein.
TILC will provide RI written notice of any such Lease Rate increase or decrease, which increase or decrease shall take effect as to all Leased Rail Cars following six (6) months from the date of such notice.
RI, by and through its Manager PLM, shall lease the Leased Rail Cars described in the Amended Agreement pursuant to the terms and provisions of this Appendix B and the form of lease agreement set out in EXHIBIT B-1 attached hereto and incorporated herein (the "Lease").
Unless otherwise agreed to in writing at least ten (10) ----------- business days prior to the scheduled Delivery of Rail Cars, PLM and RI agree at all times that at least 30% of Rail Cars (including Rail Cars that are part of the original 1050 order hereunder and any additional Rail Cars ordered pursuant to the option in Paragraph 6 below) Delivered pursuant hereto shall be Purchased Rail Cars and the balance shall be Leased Rail Cars.
RI agrees to execute in favor of TILC an assignment and security agreement in the form of EXHIBIT B-2 attached hereto and incorporated herein, providing for the collateral assignment to TILC of RI's subleases in and to the Leased Rail Cars as security on the Lease(s).
Subject to Section 6 hereof and the terms and conditions set ---------- forth herein, PLM, for its own account or on behalf of one or more of its affiliated entities, including RI, agrees to either purchase from TTCI or lease from TILC a total of one thousand fifty (1,050) pressure tank rail cars [herein collectively the "Rail Cars", or as to a purchased Rail Car(s) the "Purchased Rail Car(s)" or as to a leased Rail Car(s) the "Leased Rail Car(s)"].
RI shall have an option to -------------------------------------------- acquire title to all or any portion of the Leased Rail Cars in accordance with the terms and conditions of the lease set forth in Appendix B.
TILC and RI, by and through PLM, as Manager of RI, agree to the following terms and conditions with respect to the leasing of the Leased Rail Cars: 1.
RI shall lease the Leased Rail Cars from TILC or a designated affiliate.
If the TILC notice advises RI of a Lease Rate increase, then RI shall have the option to cancel all or any portion of Leased Rail Cars scheduled for Delivery which are affected by an increase in the Lease Rate provided RI gives TILC written notice of cancellation within thirty (30) days of receipt of the TILC notice of a Lease Rate increase.