Examples of Transferred Leases in a sentence
The Company shall have obtained and have delivered reasonable evidence of (i) each of the consents to assignment of the Seller Contracts and Transferred Leases set forth in Schedule 2.3(h)(1), in accordance with Schedule 2.3(h)(1), (ii) at least 70% of the consents to assignments of the Seller Contracts set forth on Schedule 2.3(h)(2) (each of (i) and (ii), a “Required Consent”) and each Required Consent shall be in full force and effect.
TILC hereby assigns and conveys to the Buyer all of its beneficial interests in any letters of credit and all of its Letter-of-Credit Rights relating to the Transferred Leases, whether now existing or created in the future and whether possessed by TILC on the applicable Transfer Date or acquired by TILC at any time thereafter.
The Seller has conveyed to the Buyer good and marketable title to the Transferred Railcars and the Transferred Leases, free and clear of all Liens (other than Permitted Liens), and such conveyance is not void or voidable under any Applicable Law.
As a result, the Board places significant emphasis on ensuring that the Group’s soft and hard infrastructure is designed in a manner, and adequate, to deal with a potential breach.
All rent accrued on any of the Transferred Leases and any utility, real estate taxes or similar charge under the Transferred Leases relating to the period prior to the Closing Date will be the Liability of the Company.