Common use of Specialized Containers Clause in Contracts

Specialized Containers. Both of the following: (A) When considered with all other Eligible Containers owned by the Borrower, the sum of the Net Book Values of all Specialized Containers (other than refrigerated Containers) will not exceed an amount equal to thirty percent (30%) 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;

Specialized Containers. Both of the following: (A) When considered with all other Eligible Containers owned by the Borrower, the sum of the Net Book Values of all Specialized Containers (other than refrigerated Containers) will not exceed an amount equal to thirty the lesser of (x) thirty-five percent (3035%) of the then Aggregate Net Book ValueValue and (y) Fifteen Million Dollars ($15,000,000), and (B) all Specialized Containers (other than rolltrailers) acquired by the Borrower on or after the Restatement Date shall be twenty feet (20’) long, long or forty feet (40’) long, or forty-five feet (45’) long;