Common use of Restrictions on Transfer of Beneficial Interest Clause in Contracts

Restrictions on Transfer of Beneficial Interest. The Owner Participant agrees that it shall not, directly or indirectly, sell, convey, assign, pledge, mortgage or otherwise transfer all or any part of the Beneficial Interest (collectively, for purposes of this Section 6.1, a "transfer") prior to the expiration or earlier termination of the Lease Term without the Lessee's and, so long as any Equipment Notes are outstanding, the Indenture Trustee's prior written consent; provided that no such consent shall be required if the following conditions are satisfied (it being understood that the Indenture Trustee's consent shall not be required for any waiver of the conditions set forth in clauses (b) or (k) below):

Appears in 9 contracts

Samples: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)

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Restrictions on Transfer of Beneficial Interest. (a) The Owner Participant agrees that it shall not, directly or indirectly, sell, convey, assign, pledge, mortgage or otherwise transfer all or any part of the Beneficial Interest (collectively, for purposes of this Section 6.1, a "transfer") prior to the expiration or earlier termination of the Lease Term without the Lessee's and, so long as any Equipment Notes are outstanding, the Indenture Trustee's prior written consent; provided that no such consent shall be required if the following conditions are satisfied (it being understood that the Indenture Trustee's consent shall not be required for any waiver of the conditions set forth in clauses (bii) or (kxi) below):

Appears in 3 contracts

Samples: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)

Restrictions on Transfer of Beneficial Interest. The Owner ----------------------------------------------- Participant agrees that it shall not, directly or indirectly, not sell, convey, assign, pledge, mortgage or otherwise transfer all or any part of the its Beneficial Interest (collectively, for purposes of this Section 6.1, a "transfer") prior to the expiration or earlier termination of the Lease Term without the Lessee's andconsent (which consent shall not be unreasonably withheld); provided, so long as any Equipment Notes are outstandinghowever, the Indenture Trustee's prior written consent; provided that no such consent shall be -------- ------- required if the following conditions are satisfied (it being understood that the Indenture Trustee's consent shall not be required for any waiver of the conditions set forth in clauses (b) or (k) below):satisfied:

Appears in 1 contract

Samples: Participation Agreement (Gatx Rail Corp)

Restrictions on Transfer of Beneficial Interest. The ----------------------------------------------- Owner Participant agrees that it shall not, directly or indirectly, not sell, convey, assign, pledge, mortgage or otherwise transfer all or any part of the Beneficial Interest (collectively, for purposes of this Section 6.1, a "transfer") prior to the expiration or earlier termination of the Lease Term without the Lessee's and, so long as any Equipment Notes are outstanding, the Indenture Trustee's prior written consentconsent (which consent shall not be unreasonably withheld); provided provided, however, that no such consent shall be required if the following conditions are satisfied (it being understood that the Indenture Trustee's consent shall not be required for any waiver of the conditions set forth in clauses (b) or (k) below):satisfied:

Appears in 1 contract

Samples: Participation Agreement (General American Railcar Corp Ii)

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Restrictions on Transfer of Beneficial Interest. The Owner ----------------------------------------------- Participant agrees that it shall not, directly or indirectly, not sell, convey, assign, pledge, mortgage or otherwise transfer all or any part of the Beneficial Interest (collectively, for purposes of this Section 6.1, a "transfer") prior to the expiration or earlier termination of the Lease Term without the Lessee's and, so long as any Equipment Notes are outstanding, the Indenture Trustee's prior written consentconsent (which consent shall not be unreasonably withheld); provided provided, however, that no such consent shall be required if the following conditions are satisfied (it being understood that the Indenture Trustee's consent shall not be required for any waiver of the conditions set forth in clauses (b) or (k) below):satisfied:

Appears in 1 contract

Samples: Participation Agreement (General American Railcar Corp Ii)

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