Examples of Railcar Assets in a sentence
NARCAT is entering into a Sale Agreement, dated as of February 12, 2004 (the "NARCAT Sale Agreement"), with Cap Acquire, LLC (the "NARCAT Seller") providing for, among other things, the sale by the NARCAT Seller to NARCAT of certain Railcars, Leases and the other Railcar Assets which NARCAT is and will be pledging to the Indenture Trustee, and in which NARCAT is granting to the Indenture Trustee a security interest.
CARCAT is entering into a Sale Agreement, dated as of February 12, 2004 (the "CARCAT Sale Agreement"), with Cap Acquire Canada ULC (the "CARCAT Seller") providing for, among other things, the sale by the CARCAT Seller of certain Railcars, Leases and other Railcar Assets which CARCAT is and will be pledging to the Indenture Trustee, and in which CARCAT is granting to the Indenture Trustee a security interest.
On the Closing Date, each Issuer shall cause its records to be marked to reflect the transfer of the Railcar Assets thereon.
No Issuer shall make any change in its instructions to Lessees regarding payments to be made in respect of the Railcar Assets, unless (i) such instructions are to deposit such payments to the relevant Collection Account (or to a post office box or a lock-box covered by a Lockbox Agreement) or (ii) each of the Indenture Trustee and the Controlling Party shall have provided their prior written consent to such addition, termination or change at least 15 days prior thereto.
Each Issuer will make, execute or endorse, acknowledge and file or deliver to the Indenture Trustee from time to time such schedules, confirmatory assignments, conveyances, reports and other reassurances or instruments and take such further steps relating to the Leases, Railcars and other Railcar Assets and the rights covered by this Indenture as are necessary to maintain the Indenture Trustee's interests in the Collateral, and as the Indenture Trustee or the Class A Note Insurer may reasonably request.
All payments will be made together with interest at 7% per annum compounded daily beginning on and including the Closing Date and ending on but excluding the date of payment.
Any such redemption shall be made solely out of the proceeds of the sale by the Issuers of Railcars, Leases and other Railcar Assets, or a refinancing by the Issuers of Railcars, Leases and other Railcar Assets (in either case, "Source Payments").
Upon such Purchase or substitution, the Indenture Trustee shall release the Railcar so purchased or replaced (and any related Lease and other Railcar Assets relating solely to such Railcar) from the Lien of this Indenture pursuant to Section 8.02.
To the extent not already done, on the Closing Date, each Issuer shall deliver each Lease File for each Railcar Asset to the Servicer together will all maintenance records related to the Railcar Assets.
The Railcar Assets shall not be used in any manner which is in violation of applicable Law or the insurance maintained under Section 11.14.