Common use of Possession and Use Clause in Contracts

Possession and Use. Lessee shall be entitled to the possession of the Units and to the use of the Units by it or any Affiliate in the United States and, subject to the remaining provisions of this Section 8.2 and Section 8.3, Canada and Mexico, only in the manner for which it was designed and intended and so as to subject it only to ordinary wear and tear. In no event shall Lessee use, store or permit the use or storage of any Unit in any jurisdiction not included in the insurance coverage required by Section 12. The Units shall be used primarily on domestic routes in the United States, and in no event shall more than forty percent (40%) of the Units and the Other Units (as determined by mileage records and measured annually on a calendar year basis) be used outside the Contiguous United States at the same time. Nothing in this Section 8.2 shall be deemed to constitute permission by Lessor to any Person that acquires possession of any Unit to take any action inconsistent with the terms and provisions of this Lease or any of the other Operative Agreements.

Appears in 8 contracts

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

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Possession and Use. Lessee shall be entitled to the ------------------ possession of the Units Equipment and to the use of the Units Equipment by it or any Affiliate in the United States and, subject to the remaining provisions of this Section 8.2 and Section 8.3, Canada and Mexico, only in the manner for which it was designed and intended and so as to subject it only to ordinary wear and tear. In no event shall Lessee use, store or permit the use or storage of any Unit Equipment in any jurisdiction not included in the insurance coverage required by Section 12. The Units Equipment shall be used primarily on domestic routes in the United States, and in no event shall more than forty forty-nine percent (4049%) of the Units and the Other Units (as determined by mileage records and measured annually on a calendar year basisrecords) be used outside the Contiguous United States at the same time. Nothing in this Section 8.2 shall be deemed to constitute permission by Lessor to any Person that acquires possession of any Unit to take any action inconsistent with the terms and provisions of this Lease or any of the other Operative Agreements.

Appears in 1 contract

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

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Possession and Use. Lessee shall be entitled to the ------------------ possession of the Units Equipment and to the use of the Units Equipment by it or any Affiliate in the United States and, subject to the remaining provisions of this Section 8.2 and Section 8.3, Canada and Mexico, only in the manner for which it was designed and intended and so as to subject it only to ordinary wear and tear. In no event shall Lessee use, store or permit the use or storage of any Unit Equipment in any jurisdiction not included in the insurance coverage required by Section 12. The Units Equipment shall be used primarily on domestic routes in the United States, and in no event shall more than forty forty-nine percent (4049%) of the Units and the Other Units (as determined by mileage records and measured annually on a calendar year basisrecords) shall be used outside the Contiguous United States at the same time. Nothing in this Section 8.2 shall be deemed to constitute permission by Lessor to any Person that acquires possession of any Unit to take any action inconsistent with the terms and provisions of this Lease or any of the other Operative Agreements.

Appears in 1 contract

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

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