Container definition
Examples of Container in a sentence
The rights of the lessor under a Lease Agreement to which such Managed Container is subject (including the right to receive payments from end users) are assignable; and (vii) Marketable Title.
Such Container is not then on lease to a Sanctioned Person or, to the best knowledge of such Borrower or the Manager, is not subleased to a Sanctioned Person or located, operated or used in a Sanctioned Country in violation of Sanctions applicable to such Borrower or the Manager.
The security interest hereby granted by each Borrower to the Collateral Agent, on behalf of the Secured Parties, is subject to the right of any lessee to the quiet enjoyment of the related Managed Container so long as such lessee is not in default under the Lease therefor.
The parties agree that any sale of Container Equipment from a Loan Party or any Restricted Subsidiary of such Loan Party to any Unrestricted Subsidiary of such Borrower at the original equipment cost or Net Book Value thereof shall be deemed to be an arm’s- length transaction.
As of the related Transfer Date, the Managed Container is not then under lease to a lessee which, to the best knowledge of the Manager, is the subject of an insolvency proceeding; and (xiv) No Sanctioned Person or Sanctioned Country.