Common use of Optional Reinvestment Account Clause in Contracts

Optional Reinvestment Account. (a) The Issuer may elect, by notice to the Indenture Trustee in writing, no later than the end of the Business Day immediately preceding the later of (i) the date of any Permitted Railcar Disposition and (ii) the date on which the relevant Net Disposition Proceeds are received from such Permitted Railcar Disposition, to deposit all or a portion of the Net Disposition Proceeds realized from such Permitted Railcar Disposition (as specified in such notice), whether or not initially deposited in the Collections Account, into the Optional Reinvestment Account. Such notice from the Issuer will include, among other things, the date on which the relevant Replacement Period will conclude. The Indenture Trustee shall deposit in the Collections Account all or any portion of the Net Disposition Proceeds realized from any Permitted Railcar Disposition as to which the direction described in the preceding sentence is not received (and for which such amounts have been identified to the Indenture Trustee in writing to be Net Disposition Proceeds) by the end of the last Business Day preceding the later of (x) the date of any such Permitted Railcar Disposition and (y) the date on which such Net Disposition Proceeds are received in connection with such Permitted Railcar Disposition.

Optional Reinvestment Account. (a) The Issuer may electelect (except in case of a Scrap Value Disposition, in which case the relevant Net Disposition Proceeds will be deposited in the Collections Account pursuant to Section 5.03(a)(iv)), by notice to the Indenture Trustee in writing, no later than the end of the Business Day immediately preceding the later of (i) the date of any Permitted Railcar Disposition and (ii) the date on which the relevant Net Disposition Proceeds are received from such Permitted Railcar Disposition, to deposit all or a portion of the Net Disposition Proceeds realized from such Permitted Railcar Disposition (as specified in such notice), whether or not initially deposited in the Collections Account, [Master Indenture] into the Optional Reinvestment Account. Such notice from the Issuer will include, among other things, the date on which the relevant Replacement Period will conclude. The Indenture Trustee shall deposit in the Collections Account all or any portion of the Net Disposition Proceeds realized from any Permitted Railcar Disposition as to which the direction described in the preceding sentence is not received (and for which such amounts have been identified to the Indenture Trustee in writing to be Net Disposition Proceeds) by the end of the last Business Day preceding the later of (x) the date of any such Permitted Railcar Disposition and (y) the date on which such Net Disposition Proceeds are received in connection with such Permitted Railcar Disposition.

Optional Reinvestment Account. (a) The Issuer may electelect (except in case of a Scrap Value Disposition, in which case the relevant Net Disposition Proceeds will be deposited in the Collections Account pursuant to Section 5.03(a)(iv)), by notice to the Indenture Trustee in writing, no later than the end of the Business Day immediately preceding the later of (i) the date of any Permitted Railcar Disposition and (ii) the date on which the relevant Net Disposition Proceeds are received from such Permitted Railcar Disposition, to deposit all or a portion of the Net Disposition Proceeds realized from such Permitted Railcar Disposition (as specified in such notice), whether or not initially deposited in the Collections Account, into the Optional Reinvestment Account. Such notice from the Issuer will include, among other things, the date on which the relevant Replacement Period will conclude. The Indenture Trustee shall deposit in the Collections Account all or any portion of the Net Disposition Proceeds realized from any Permitted Railcar Disposition as to which the direction described in the preceding sentence is not received (and for which such amounts have been identified to the Indenture Trustee in writing to be Net Disposition Proceeds) by the end of the last Business Day preceding the later of (x) the date of any such Permitted Railcar Disposition and (y) the date on which such Net Disposition Proceeds are received in connection with such Permitted Railcar Disposition.

Optional Reinvestment Account. (a) The Issuer may electelect (except in case of a Scrap Value Disposition, in which case the relevant Net Disposition Proceeds will be deposited in the Collections Account pursuant to Section 5.03(a)(iv)), by notice to the Indenture Trustee in writing, no later than the end of the Business Day immediately preceding the later of (i) the date of any Permitted Railcar Disposition and (ii) the date on which the relevant Net Disposition Proceeds are received from such Permitted Railcar Disposition, to deposit all or a portion of the Net Disposition Proceeds realized from such Permitted Railcar Disposition (as specified in such notice), whether or not initially deposited in the Collections Account, into the Optional Reinvestment Account. Such notice from the Issuer will include, among other things, the date on which the relevant Replacement Period will conclude. The Indenture Trustee shall deposit in the Collections Account all or any portion of the Net Disposition Proceeds realized from any Permitted Railcar Disposition (other than Scrap Value Dispositions) as to which the direction described in the preceding sentence is not received (and for which such amounts have been identified to the Indenture Trustee in writing to be Net Disposition Proceeds) by the end of the last Business Day preceding the later of (x) the date of any such Permitted Railcar Disposition and (y) the date on which such Net Disposition Proceeds are received in connection with such Permitted Railcar Disposition.. [Master Indenture]