Common use of Funding of Accounts on Termination Clause in Contracts

Funding of Accounts on Termination. Lessee will not exercise a termination option under this Section 10 with respect to all of the Units unless either (a) the full amount required to fund the Post Lease Term Reserve Lease Agreement (TRLI 2001-1B) Account is (upon consummation of such purchase and distribution of all amounts required to be distributed by the Collateral Agent under the Collateral Agency Agreement) and will be then available to the Collateral Agent to fund such Post Lease Term Reserve Account or (b) an indemnity pursuant to Section 3.13 of the Collateral Agency Agreement has been provided.

Appears in 3 contracts

Samples: Equipment Lease Agreement (Trinity Industries Inc), Lease Agreement (Trinity Industries Inc), Lease Agreement (Trinity Industries Inc)

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Funding of Accounts on Termination. Lessee will not exercise a termination option under this Section 10 with respect to all of the Units unless either (a) the full amount required to fund the Post Lease Term Reserve Lease Agreement (TRLI 2001-1B) Account is (upon consummation of such purchase and distribution of all amounts required to be distributed by the Collateral Agent under the Collateral Agency Agreement) and will be then available to the Collateral Agent to fund such Post Lease Agreement (TRLI 2001-1C) Lease Term Reserve Account or (b) an indemnity pursuant to Section 3.13 of the Collateral Agency Agreement has been provided.

Appears in 3 contracts

Samples: Equipment Lease Agreement (Trinity Industries Inc), Lease Agreement (Trinity Industries Inc), Lease Agreement (Trinity Industries Inc)

Funding of Accounts on Termination. Lessee will not exercise a termination option under this Section 10 with respect to all of the Units unless either (a) the full amount required to fund the Post Lease Term Reserve Lease Agreement (TRLI 2001-1B) Account is (upon consummation of such purchase and distribution of all amounts required to be distributed by the Collateral Agent under the Collateral Agency Agreement) and will be then available to the Collateral Agent to fund such Post Lease Term Reserve Account or (b) an indemnity pursuant to Section 3.13 of the Collateral Agency Agreement has been provided.

Appears in 3 contracts

Samples: Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc)

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Funding of Accounts on Termination. Lessee will not ---------------------------------- exercise a termination option under this Section 10 with respect to all of the Units unless either (a) the full amount required to fund the Post Lease Term Reserve Lease Agreement (TRLI 2001-1B) Account is (upon consummation of such purchase and distribution of all amounts required to be distributed by the Collateral Agent under the Collateral Agency Intercreditor Agreement) and will be then available to the Collateral Agent to fund such Post Lease Term Reserve Account Account, or (b) an indemnity pursuant to Section 3.13 of the Collateral Agency Intercreditor Agreement has been provided.

Appears in 1 contract

Samples: Equipment Lease Agreement (General American Railcar Corp Ii)

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