Specialized Containers. Each of the following: (A) When considered with all other Eligible Containers owned by the Borrower, (i) the sum of the Net Book Values of all Specialized Containers (including refrigerated Containers) will not exceed an amount equal to seventy-five percent (75%) of the then Aggregate Net Book Value and (ii) the sum of the Net Book Values of all Specialized Containers (other than refrigerated Containers) will not exceed an amount equal to forty percent (40%) of the then Aggregate Net Book Value, and (B) all Specialized Containers (other than rolltrailers) acquired by the Borrower after the Restatement Date shall be twenty feet (20’) long, forty feet (40’) long, or forty-five feet (45’) long;
Appears in 1 contract
Sources: Loan Agreement (Cronos Group)
Specialized Containers. Each of the following: (A) When considered with all other Eligible Containers owned by the Borrower, (i) the sum of the Net Book Values of all Specialized Containers (including refrigerated Containers) will not exceed an amount equal to seventy-five percent (75%) of the then Aggregate Net Book Value and (ii) the sum of the Net Book Values of all Specialized Containers (other than refrigerated Containers) will not exceed an amount equal to forty percent (40%) of the then Aggregate Net Book Value, and (B) all Specialized Containers (other than rolltrailers) acquired by the Borrower after the Restatement Date shall be twenty feet (20’) long, forty feet (40’) long, or forty-five feet (45’) long;; Exhibit 10.9
Appears in 1 contract
Sources: Loan Agreement (Cronos Group)