Managed Containers definition

Managed Containers means all of the Containers managed by the Manager and sub-managed by the Submanager as of the relevant date of determination, including, but not limited, to the Owner Containers.

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Managed Containers means all of the Containers which are owned by Owner and subject to management by Manager under this Agreement, including without limitation Containers that are subject to Finance Leases or other Leases that are not true leases.

Managed Containers. As of any date of determination, all Containers then owned by the Issuer.

Examples of Managed Containers in a sentence

In accordance with the terms of this Agreement, the Administrative Agent (acting at the direction of the Majority Lenders) shall seek to appoint a replacement Manager acceptable to the Majority Lenders with respect to the Terminated Managed Containers as such terminations occur.
Such Borrower shall not in a manner which would violate any Sanction applicable to it (i) lease, or consent to any sublease of, any of the Managed Containers to any Person that is a Sanctioned Person or (ii) derive any of its assets or operating income from investments in or transactions with any such Sanctioned Person.
Such Borrower shall maintain (or cause to be maintained on its behalf), for the benefit of itself and the Collateral Agent, insurance with respect to the applicable Managed Containers with such coverage and in such manner as is consistent with the requirements set forth in Section 3.9 of the related Management Agreement.
The Manager shall continue to fulfill its duties and responsibilities as Manager with respect to those Managed Containers that are not Terminated Managed Containers in accordance with the terms of the Management Agreement and the Intercreditor Collateral Agreement.
A certificate from the Manager, dated the Closing Date, certifying that it is managing all of the Managed Containers in accordance with the TCIL Management Agreement in satisfactory form shall have been duly executed and delivered.

More Definitions of Managed Containers

Managed Containers. All Containers owned by the Issuer at any time.

Managed Containers means all of the containers owned by Borrower from time to time, including, without limitation, any Containers acquired by the Borrower in accordance with the provisions of Section 3.3 hereof.

Managed Containers means Containers, other than Owned Containers and Leased-In Containers, that are managed by a Purchased Entity on behalf of a third party pursuant to management agreements.

Managed Containers. All Containers owned by a Borrower at any time. “Management Agreement”: Each of the TIF Management Agreement and the TCIL Management Agreement. “Management Fee”: With respect to any Borrower and any Payment Date, an amount equal to the sum of (A) the product of (x) seven percent (7%) and (y) the Net Operating Income with respect to such Borrower’s Managed Containers, other than with respect to such Managed Containers with Finance Leases, received for the preceding Collection Period, (B) the product of (x) five percent (5%) and (y) the Net Operating Income with respect to such ▇▇▇▇▇▇▇▇’s Managed Containers with Finance Leases received for the preceding Collection Period and (C) the sum of

Managed Containers. This term shall have the meaning set forth in the Management Agreement.

Managed Containers. All Containers owned by the Borrower at any time. “Management Agreement”: The Management Agreement, dated as of the Closing Date, entered into by and among TCIL, TCNA and the Borrower, as such agreement may be amended, restated, supplemented, waived or otherwise modified from time to time in accordance with its terms. “Management Fee”: An amount equal to the sum of the Base Management Fee and the Supplemental Management Fee. “Management Fee Arrearage”: For any Payment Date, an amount equal to all unpaid Management Fees from all prior Collection Periods. “Manager”: The Person performing the duties of the Manager under the Management Agreement; initially, TCIL. “Manager Advance”: This term is defined in the Management Agreement. “Manager Default”: The occurrence of any of the events or conditions set forth in Section 10.1 of the Management Agreement. “Manager Report”: A written informational statement in the form attached as an Exhibit to the Management Agreement to be provided by the Manager in accordance with the Management Agreement and furnished to the Collateral Agent and the Administrative Agent. “Manager Termination Notice”: This term shall have the meaning set forth in Section 10.2 of the Management Agreement. “Managing Officer”: Any representative of the Manager involved in, or responsible for, the management of the day to day operations of the Borrower and the administration and servicing of the Containers and the other Collateral whose name appears on a list of managing officers furnished to the Borrower and the Collateral Agent by the Manager, as such list may from time to time be amended. “Manufacturer Debt”: A current account payable of the Borrower incurred in connection with the acquisition by the Borrower of a Container provided that such account payable has a due date that occurs prior to the Scheduled Commitment Expiration Date then in effect, does not exceed the purchase price of such Container and will be paid in full on or prior to the second Business Day following its Transfer Date. 29