Common use of Additional Leases Clause in Contracts

Additional Leases. The Company shall not enter into any Lease or ----------------- related documents other than the Initial Leases, the related Operative Agreements and the Subleases without the prior written consent of each Lessor which is then a Beneficiary under this Agreement and unless each of the Rating Agencies, after giving effect to such transaction, shall have confirmed (x) their initial ratings with respect to any Rated Security and (y) that the Company entering into such Lease and related documents will not result in the lowering of their rating on any Rated Security.

Appears in 1 contract

Sources: Collateral Agency and Intercreditor Agreement (General American Railcar Corp Ii)

Additional Leases. The Company shall not enter into any Lease lease or ----------------- related documents other than the Initial Leases, the related Operative Agreements Agreements, the Company Documents and the Subleases Car Service Contracts without the prior written consent of each Lessor which is then a Beneficiary under this Agreement and unless each of the Rating Agencies, after giving effect to such transaction, shall have confirmed (x) their initial ratings with respect to any Rated Security and (y) that the Company entering into such Lease lease and related documents will not result in the lowering of their rating on any Rated Security.

Appears in 1 contract

Sources: Collateral Agency and Intercreditor Agreement (General American Railcar Corp Ii)