TRMI definition
Examples of TRMI in a sentence
Upon request of the Owner Participant, the Lessee, TRMI and TILC, respectively, shall deliver such records to the Owner Participant at the expense of the Owner Participant.
Such information may include, without limitation, information as to the location of and use of the Equipment from time to time (to the extent such information is available on the basis of the records regularly maintained by the Lessee, TRMI and TILC, respectively, any sublessee, or any trustee for or Affiliate of any thereof, in the ordinary course of their respective businesses).
The Owner Participant acknowledges that its Beneficial Interest has not been registered under the Securities Act, and that neither the Owner Participant, the Owner Trustee, Trust Company, the Lessee, TRMI nor TILC contemplates filing, or is legally required to file, any such registration statement.
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, Trinity, TILC and TRMI), and an executed counterpart of each thereof shall have been delivered to the Lessee or its special counsel.
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, TRMI, 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.
TRMI shall, after obtaining knowledge thereof, promptly notify each Indemnified Person of any indemnified Claim affecting such Indemnified Person.
No Indemnified Person shall enter into any settlement or other compromise with respect to any Claim without the prior written consent of TRMI unless the Indemnified Person waives its rights to indemnification hereunder.
All approvals and consents of any trustees or holders of any indebtedness or obligations of the Lessee, Trinity, TILC and TRMI, 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.
In the circumstances described in clauses (1) - (5), the Indemnified Person shall be entitled to control and assume responsibility for the defense of such claim or liability at the expense of TRMI.
Each of the Lessee, TRMI and TILC covenants that it will maintain or cause to be maintained and retain sufficient factual records (to the extent such records are maintained by the Lessee, TRMI and TILC respectively, any sublessee, or any trustee for or Affiliate of any thereof, in the ordinary course of their respective businesses) to enable the Owner Participant to prepare required United States federal, state and local tax returns.