Common use of Capital Contributions to Indenture Accounts and/or Portfolio Clause in Contracts

Capital Contributions to Indenture Accounts and/or Portfolio. Nothing contained herein shall restrict the Member at any time from making capital contributions to the Issuer from time to time in the form of funds, Portfolio Railcars or other assets (each such contribution, a “Capital Contribution”). The Member may make such a Capital Contribution by depositing funds into the Indenture Accounts on behalf of the Issuer. For the avoidance of doubt, all Capital Contributions made by the Member after the Initial Closing Date shall be made on a voluntary basis and under no circumstances shall the Member be obligated to, or shall any Issuer or Holder compel the Member to, make any Capital Contribution to the Issuer. Any such Capital Contribution shall increase the Outstanding Stated Amount of the Class E Certificates in the manner set forth in the Certificate Purchase Agreement. On the first Determination Date after the completion of any Required Modification, if any Capital Contribution was made in connection with such Required Modification, the Administrator will allocate all amounts then remaining on deposit in the Expense Account in respect of such Required Modification to the Member.

Appears in 3 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

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Capital Contributions to Indenture Accounts and/or Portfolio. Nothing contained herein shall restrict the Member at any time from making capital contributions to the Issuer from time to time in the form of funds, Portfolio Railcars or other assets (each such contribution, a “Capital Contribution”). The Member may make such a Capital Contribution by depositing funds into the Indenture Accounts on behalf of the Issuer. For the avoidance of doubt, all Capital Contributions made by the Member after the Initial Closing Date shall be made on a voluntary basis and under no circumstances shall the Member be obligated to, or shall any Issuer or Holder Noteholder compel the Member to, make any Capital Contribution to the Issuer. Any such Capital Contribution shall increase the Outstanding Stated Amount of the Class E Certificates in the manner set forth in the Certificate Purchase Agreement. On the first Determination Date after the completion of any Required Modification, if any Capital Contribution was made in connection with such Required Modification, the Administrator will allocate all amounts then remaining on deposit in the Expense Account in respect of such Required Modification to the Member.

Appears in 2 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

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