Common use of Documents to be Received Clause in Contracts

Documents to be Received. On or before the Closing Date, Purchaser shall have received: (i) the original certificate of title for each Trailer, duly executed by PTEC or Seller, whichever entity is listed as the registered owner thereupon, and related applications for registration of the Trailers, duly executed by PTEC or Seller, as applicable, if required, in order to effect a transfer of title (and in proper form for filing with the appropriate state wherein Purchaser has been identified as the purchaser of such Trailer; (ii) the Cypress Management Agreement, duly executed by Manager; (iii) the Consent Agreement, duly executed by XTRA; (iv) certificate(s) of insurance, satisfactory to Purchaser, confirming that Purchaser is, or effective upon the Closing Date, will become, an additional insured under the liability insurance, and loss payee under the property coverage insurance, required to be maintained by Manager with respect to the Trailers in accordance with the provisions of the Cypress Management Agreement and the XTRA Management Agreement; and (v) Evidence that the PLM Lease Agreement with respect to the Trailers shall have been terminated as of the Closing Date.