Examples of Railcar Assets in a sentence
NARCAT is entering into a Sale Agreement, dated as of February 12, 2004 (the "NARCAT Sale Agreement"), with Cap Acquire, LLC (the "NARCAT Seller") providing for, among other things, the sale by the NARCAT Seller to NARCAT of certain Railcars, Leases and the other Railcar Assets which NARCAT is and will be pledging to the Indenture Trustee, and in which NARCAT is granting to the Indenture Trustee a security interest.
Client understands and agrees that the Service Provider has verified the title and ownership of the Data Center Facility.
To the Knowledge of the Manager, no release of any Hazardous Commodities has occurred on or from any of the Railcars, Leases or other Railcar Assets, which requires investigation, assessment, monitoring, remediation or cleanup under Environmental Laws.
The Servicer agrees not to file any Lien, exercise any right of setoff against, or attach or assert any claim in, any of the Leases, Railcars or other Railcar Assets, unless authorized pursuant to a judicial or administrative proceeding or a court order or on behalf of the Companies or the Indenture Trustee in accordance with this Agreement or the Indenture.
Except as expressly permitted hereunder, the Servicer will not acquire any title to, security interest in, or other rights of any kind in or to the Railcars, Leases other Railcar Assets.
Any such redemption shall be made solely out of the proceeds of the sale by the Issuers of Railcars, Leases and other Railcar Assets, or a refinancing by the Issuers of Railcars, Leases and other Railcar Assets (in either case, "Source Payments").
Except as expressly permitted hereunder, the Manager will not acquire any title to, security interest in, or other rights of any kind in or to the Railcars, the Leases or any other Railcar Assets.
The Manager agrees not to file any Lien, exercise any right of setoff against, or attach or assert any claim in, any of the Railcars, the Leases or any other Railcar Assets, unless authorized pursuant to a judicial or administrative proceeding or a court order or on behalf of any Company or the Indenture Trustee in accordance with this Agreement or the Indenture.
All funds collected in connection with this Section 4.04(f) by the Manager shall be, to the extent not used to reimburse the Initial Manager for any related Purchase of a Railcar (and related Lease and other Railcar Assets), deposited into the Collection Accounts and distributed in accordance with the Indenture.
Upon such Purchase or substitution, the Indenture Trustee shall release the Railcar so purchased or replaced (and any related Lease and other Railcar Assets relating solely to such Railcar) from the Lien of this Indenture pursuant to Section 8.02.