Eligible Container. As of any date of determination any Container which, when considered with all other Eligible Containers owned by the Borrower, shall comply with all of the following requirements; provided, however, that the provisions of clause (10) shall be applied to a Container only on the date on which the Borrower acquired such Container:
Appears in 2 contracts
Sources: Credit Agreement (Interpool Inc), Credit Agreement (Interpool Inc)
Eligible Container. As of any date of determination any Container which, when considered with all other Eligible Containers owned by the Borrower, shall comply with all of the following requirements; provided, however, that the provisions of clause (10) shall shall, except to the extent set forth in such clause, be applied to a Container only on the date Transfer Date on which the Borrower acquired such Container:
Appears in 1 contract
Sources: Credit Agreement (Interpool Inc)