Examples of Transferred Leases in a sentence
The Seller has conveyed to the Buyer good and marketable title to the Transferred Railcars and the Transferred Leases, free and clear of all Liens (other than Permitted Liens), and such conveyance is not void or voidable under any Applicable Law.
The Seller shall obtain all consents, approvals, certificates and other documents required in connection with the performance by it of its obligations under this Agreement and the consummation by it of the transactions contemplated hereby, including all such consents and approvals required in connection with any of the Transferred Leases and Permits.
TILC hereby assigns and conveys to the Buyer all of its beneficial interests in any letters of credit and all of its Letter-of-Credit Rights relating to the Transferred Leases, whether now existing or created in the future and whether possessed by TILC on the applicable Transfer Date or acquired by TILC at any time thereafter.
The Company shall have obtained and have delivered reasonable evidence of (i) each of the consents to assignment of the Seller Contracts and Transferred Leases set forth in Schedule 2.3(h)(1), in accordance with Schedule 2.3(h)(1), (ii) at least 70% of the consents to assignments of the Seller Contracts set forth on Schedule 2.3(h)(2) (each of (i) and (ii), a “Required Consent”) and each Required Consent shall be in full force and effect.
Any installment of rent due on any of the Transferred Leases and any utility, real estate taxes or similar charge payable that are paid in the month of the Closing for which the Company does not get credit as a prepaid expense in the calculation of Working Capital, in each case with respect to the period in which the Closing occurs shall be prorated between the parties hereto on the basis of the actual number of days applicable to pre-Closing and post-Closing occupancy or use.