Examples of Railcar Disposition in a sentence
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A Railcar Disposition pursuant to receipt of insurance or other third party proceeds in connection with the Total Loss of a Portfolio Railcar (and any consequent later sale of such affected Railcar for scrap or salvage value) (an “Involuntary Railcar Disposition”); or iii.
With respect to a Permitted Railcar Disposition constituting a Redemption Disposition or a Scrap Value Disposition, the Issuer may not deposit the related Net Disposition Proceeds into the Optional Reinvestment Account for application to a purchase of a Qualifying Replacement Railcar but shall deposit such proceeds directly into the Collections Account.
The Issuer (or the Servicer on its behalf) prior to such Railcar Disposition, as evidenced by an Officer’s Certificate to be delivered to the Indenture Trustee, shall have identified replacement Railcars for the Issuer to purchase meeting the criteria set forth in clauses “1” through “3” of clause (C) below (Railcars meeting such criteria, “Qualifying Replacement Railcars”), with such purchase expected to be made within 30 days of the date of the discretionary sale.
With respect to a Permitted Railcar Disposition constituting a Purchase Option Disposition or Involuntary Railcar Disposition, the Issuer will, if not electing to deposit such proceeds directly into the Collections Account, deposit the related Net Disposition Proceeds into the Optional Reinvestment Account for application, within the Replacement Period, to a purchase of Qualifying Replacement Railcars in a Replacement Exchange (as contemplated and provided in Section 3.05).
All or any portion of any Net Disposition Proceeds from an Involuntary Railcar Disposition received in the Collections Account may be transferred to the Optional Reinvestment Account, to the extent that the Issuer elects to reinvest all or a portion of such Net Disposition Proceeds in a Replacement Exchange in accordance with Section 3.09 hereof.
Trustee, at the written direction of the Manager or the Administrator, shall withdraw the Net Disposition Proceeds related to such Permitted Railcar Disposition and apply such amounts as follows: (i) first, to any Make-Whole Amount due in connection with such Permitted Railcar Disposition and (ii) second, to the related Collateral Disposition Principal Payment.
Switching audiences, starting in 8:34 Jesus directs his teachings not merely to the disciples but to the characteristic Markan όχλον.
The Issuer may elect to apply the Net Disposition Proceeds from an Involuntary Railcar Disposition or Purchase Option Disposition deposited in the Optional Reinvestment Account pursuant to Section 3.05(a) in a Permitted Railcar Acquisition any time during the related Replacement Period.
The Accountant in Bankruptcy, referred to throughout these Notes simply as ‘the Accountant’, is a statutory officer appointed by the Scottish Ministers in terms of section 1(1) of the Act.