Transferred Container definition

Transferred Container. A Container transferred by the Seller to the Issuer.

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Transferred Container. This term shall have the meaning set forth in the Contribution and Sale Agreement.

Transferred Container. Any Container transferred by the Seller to the Borrower pursuant to this Purchase Agreement.

Examples of Transferred Container in a sentence

The Seller will, at its own cost and expense, ▇▇▇▇ its books and records (which may include computerized records) to the effect that each Transferred Container and Related Assets have been transferred to the Issuer.
The Seller shall deposit the Warranty Purchase Amount for each Transferred Container to be repurchased in the Trust Account prior to 10:00 a.m. on the second Business Day prior to the Payment Date following the expiration of such 30-day period.
Each date on which the Seller transfers to the Company a Transferred Container and any related Transferred Assets.
The respective obligations and responsibilities of the Seller and the Company created by this Agreement shall not terminate until such time as each Transferred Container owned by the Company has been sold or is the subject of a Casualty Loss.
The Seller will, at its own cost and expense, m▇▇▇ its books and records (which may include computerized records) to the effect that each Transferred Container and Related Assets have been transferred to the Issuer.
With respect to each Transferred Container, the representations and warranties of the Seller as set forth in paragraphs (e) and (q) through (uu) inclusive of Section 3.01 of this Agreement.
Except for self-insurance that is permitted pursuant to the Manager’s credit policy, each Lease requires the Lessee thereunder to maintain physical damage insurance on each Transferred Container that complies with the terms of the Management Agreement.
With respect to any Transferred Container to be repurchased by the Seller pursuant to the terms of the Contribution and Sale Agreement, an amount equal to the excess of (x) the Net Book Value of such Transferred Container on the related Transfer Date over (y) all rental and other payments received by the Indenture Trustee, on behalf of the Noteholders, with respect to such Transferred Container and the Transferred Assets since the related Transfer Date.
With respect to each Transferred Container and the Related Transferred Assets, the representations and warranties of the Seller as set forth in paragraphs (r), (s), (v), (w), (x), (aa) and (cc) of Section 3.1 of this Purchase Agreement.
Each Lease requires the Lessee thereunder to maintain physical damage insurance on each Transferred Container that complies with the terms of the Management Agreement.

More Definitions of Transferred Container

Transferred Container. A Container transferred by a Seller to the related Borrower. “Triton Holdco”: Triton International Limited, an exempted company limited by shares incorporated in Bermuda. “UCC”: The Uniform Commercial Code as in effect in the State of New York. In the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of Collateral Agent’s security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term UCC shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions relating to such attachment, perfection of priority and for purposes of definitions related to such provisions. “UNIDROIT Convention”: Any convention promulgated by the International Institute for the Unification of Private Law specifically dealing with interests in shipping containers. “Unrestricted Subsidiary”: Any Subsidiary that is designated by TCIL as an “Unrestricted Subsidiary” in accordance with the procedures set forth in the TCIL Credit Agreement. “Upfront Fee”: This term shall have the meaning set forth in the Fee Letter. “U.S. Government Securities Business Day”: Any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “▇▇▇▇▇▇▇ Rule”: Section 619 of the ▇▇▇▇-▇▇▇▇▇ Act. “Warranty Purchase Amount”: With respect to any Managed Container, an amount equal to the Net Book Value of such Managed Container on the date of repurchase by the applicable Seller from the related Borrower pursuant to the related Contribution and Sale Agreement. “Weighted Average Age”: With respect to a Borrower, for any date of determination, an amount equal to (i) the sum of the products, for each Managed Container owned by such Borrower, of (A) the age in years of such Managed Container and (B) the Net Book Value of such Managed Container, divided by (ii) such Borrower’s Aggregate Net Book Value.

Transferred Container. A Container transferred by the Seller to the Borrower. “Triton Holdco”: Triton International Limited (an exempted company incorporated with limited liability under the laws of Bermuda). “Triton Lessor” This term is defined in the Intercreditor Collateral Agreement. “UCC”: The Uniform Commercial Code as in effect in the State of New York. In the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of Collateral Agent’s security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term UCC shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions relating to such attachment, perfection of priority and for purposes of definitions related to such provisions. “UNIDROIT Convention”: Any convention promulgated by the International Institute for the Unification of Private Law specifically dealing with interests in shipping containers. 37

Transferred Container. A Container transferred at any time (whether before, on or after the 2006 Closing Date) by the Seller to the Issuer, and including, without limitation, all of the Managed Containers.