Common use of ACOLT’s Consideration for the Sold Assets Clause in Contracts

ACOLT’s Consideration for the Sold Assets. In consideration of the Seller’s conveyance of the Sold Assets pursuant to Section 2.01(a) on the Closing Date, ACOLT shall deliver or cause the ACOLT Indenture Trustee to deliver Secured Notes, in accordance with Section 2.2(d) of the ACOLT Indenture, in an initial aggregate principal amount equal to the Secured Note Percentage of the Aggregate Initial ABS Value of the Lease Assets. If the aggregate fair market value of the Lease Assets sold to ACOLT on the Closing Date exceeds the aggregate initial principal balance of the Secured Notes, then simultaneously with such sale to ACOLT by the Seller of the Sold Assets, ACOLT shall be deemed to have made a new issuance of equity to the Seller in the amount of such excess and the Seller shall be deemed to have made a simultaneous capital contribution of such equity interest in ACOLT to ACOL LLC (which shall be evidenced by the ACOLT Certificate issued to ACOL LLC on the Closing Date).