TRLT-II definition
Examples of TRLT-II in a sentence
No term, covenant, agreement or condition of this Agreement may be terminated, amended or compliance therewith waived (either generally or in a particular instance, retroactively or prospectively) except by an instrument or instruments in writing executed by the Lessee, TILC, TRLTII, Trinity, the Policy Provider (so long as it is the Control Party) and each party against which enforcement of the termination, amendment or waiver is sought.
On or before the Closing Date, the Operative Agreements shall have been duly authorized, executed and delivered by the respective party or parties thereto (other than the Lessee, TILC and TRLTII), and an executed counterpart of each thereof shall have been delivered to the Lessee or its special counsel.
The sale of the Units described on Schedule 1-A hereto and the Existing Equipment Subleases, the Pledged Units and the Existing Pledged Equipment Leases by TRLTII contemplated hereby is intended for all purposes to be a true sale of all of TRLTII's right, title and interest in and to such Units, the Existing Equipment Subleases, the Pledged Units and the Existing Pledged Equipment Leases to the Lessee, which shall be the legal owner thereof upon such sale.
Each Participant covenants and agrees (subject, in the case of the Loan Participant, to all of the terms and provisions of the Indenture) that it shall not unreasonably withhold its consent to any consent requested by the Lessee, TILC, TRLTII, the Owner Trustee, the Pass Through Trustee or the Indenture Trustee, as the case may be, under the terms of the Operative Agreements that by its terms is not to be unreasonably withheld by the Owner Trustee or the Indenture Trustee.
Concurrently with the transactions described immediately above, TRLTII shall pursuant to the Pledged Equipment Transfer and Assignment Agreement sell the Pledged Units described on Schedule 1-B hereto to the Lessee by delivery of the Pledged Equipment ▇▇▇▇ of Sale and shall make an assignment of the Existing Pledged Equipment Leases to the Lessee by delivery of the TRLTII Pledged Equipment Assignment.
All approvals and consents of any trustees or holders of any indebtedness or obligations of the Lessee, TILC and TRLTII, if any, required to have been obtained in connection with the transactions contemplated by this Agreement and the other Operative Agreements shall have been duly obtained and be in full force and effect.
TRLT-II’s financial records shall reflect that the Railcars and Leases Conveyed hereunder have been Conveyed to the Purchaser, are no longer owned by TRLT-II and are not intended to be available to the creditors of TRLT-II.
TRLT-II Seller makes the following representations and warranties for the benefit of the Purchaser, the Indenture Trustee, each Series Enhancer, each Noteholder and each other Secured Party, on which the Purchaser relies in acquiring the Railcars, Leases and Related Assets Conveyed by it hereunder.
Each of the Purchaser, TRLT-II and TILC hereby acknowledges and agrees that such representations, warranties, covenants and agreements are (i) relied upon by each Series Enhancer in entering into any Enhancement Agreement to which it is a party and (ii) relied upon by each Noteholder in purchasing any Equipment Notes issued under any Series Supplement.
TRLT-II has not been known by any name other than Trinity Rail Leasing Trust II, and is not known by any trade names.