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

Restrictions on Transfer of Beneficial Interest. Owner Participant agrees that it shall not sell, convey, assign, pledge, mortgage or otherwise transfer any of its Beneficial Interest, except to Lessee in accordance with Section 23(c) of the Lease (to which transfer Indenture Trustee hereby consents), unless:

Appears in 4 contracts

Samples: Participation Agreement (Kansas City Southern), Participation Agreement (Kansas City Southern), Participation Agreement (Kansas City Southern)

AutoNDA by SimpleDocs

Restrictions on Transfer of Beneficial Interest. The Owner Participant agrees that it shall not sell, convey, assign, pledge, mortgage or otherwise transfer any of its Beneficial Interest, except Interest prior to Lessee in accordance with Section 23(c) 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 consent (which consent shall not be unreasonably withheld) and absent indemnifying the Lessee to which transfer Indenture Trustee hereby consents), its reasonable satisfaction unless:

Appears in 2 contracts

Samples: Participation Agreement (Union Tank Car Co), Participation Agreement (Union Tank Car Co)

AutoNDA by SimpleDocs

Restrictions on Transfer of Beneficial Interest. The Owner Participant agrees that it shall not sell, convey, assign, pledge, mortgage or otherwise transfer any of its Beneficial InterestInterest (collectively, except for purposes of this Section 6.1, a "transfer") prior to Lessee in accordance with Section 23(c) the expiration or earlier termination of the Lease Term without the Lessee's consent (to which transfer Indenture Trustee hereby consentsconsent shall not be unreasonably withheld); provided, unlesshowever, that no such consent shall be required if the following conditions are satisfied:

Appears in 1 contract

Samples: Participation Agreement (Gatx Rail Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.