Railcar Assets definition
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.
CARCAT is entering into a Sale Agreement, dated as of February 12, 2004 (the "CARCAT Sale Agreement"), with Cap Acquire Canada ULC (the "CARCAT Seller") providing for, among other things, the sale by the CARCAT Seller of certain Railcars, Leases and other Railcar Assets which CARCAT is and will be pledging to the Indenture Trustee, and in which CARCAT is granting to the Indenture Trustee a security interest.
All payments will be made together with interest at 7% per annum compounded daily beginning on and including the Closing Date and ending on but excluding the date of payment.
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.
The framework for the Board’s water shortage response actions includes four stages of water shortage severity.
To the extent not already done, on the Closing Date, each Issuer shall deliver each Lease File for each Railcar Asset to the Servicer together will all maintenance records related to the Railcar Assets.
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.
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.
To the Knowledge of the Servicer, no release of any Hazardous Commodities has occurred on or from any of the Railcar Assets, which requires investigation, assessment, monitoring, remediation or cleanup under Environmental Laws.
No Issuer shall make any change in its instructions to Lessees regarding payments to be made in respect of the Railcar Assets, unless (i) such instructions are to deposit such payments to the relevant Collection Account (or to a post office box or a lock-box covered by a Lockbox Agreement) or (ii) each of the Indenture Trustee and the Controlling Party shall have provided their prior written consent to such addition, termination or change at least 15 days prior thereto.