Common use of Execution of Operative Agreements Clause in Contracts

Execution of Operative Agreements. On or before the Initial Closing Date, this Agreement, the Trust Agreement, the Lease, the Lease Supplements in respect of the Units delivered on the Initial Closing Date, the Indenture, the Indenture Supplements in respect of the Units delivered on the Initial Closing Date, the Equipment Notes in respect of the Units delivered on the Initial Closing Date and the Pass Through Trust Agreement, and on or before the Subsequent Closing Date, the Lease Supplements, the Indenture Supplements and the Equipment Notes in respect of the Units delivered on the Subsequent Closing Date, shall each be satisfactory in form and substance to such Participant, shall have been duly executed and delivered by the parties thereto (except that the execution and delivery of the documents referred to above (other than this Agreement) by a party hereto or thereto shall not be a condition precedent to such party's obligations hereunder), shall each be in full force and effect and executed counterparts of each shall have been delivered to such Participant or its counsel on or before such Closing Date; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Appears in 1 contract

Sources: Participation Agreement (Union Tank Car Co)

Execution of Operative Agreements. (i) On or before the Debt Closing Date this Agreement and the Pass Through Trust Agreement, (ii) on or before the Initial Closing Date, this Agreement, the Trust Agreement, the Lease, the Lease Supplements Supplement in respect of the Units delivered on the Initial Closing Date, the Indenture, the Indenture Supplements Supplement, the Residual Value Guaranty and the insurance Letter Agreement in respect of the Units delivered on the Initial Closing Date, Date and the Equipment Notes in respect of the Units delivered on the Initial Closing Date and the Pass Through Trust AgreementDate, and (iii) on or before the Subsequent Closing Date, the Lease SupplementsSupplement, the Indenture Supplements and the Equipment Notes in respect of the Units delivered on the Subsequent Closing Date, shall each be satisfactory in form and substance to such Participant, shall have been duly executed and delivered by the parties thereto (except that the execution and delivery of the documents referred to above (other than this Agreement) by a party hereto or thereto shall not be a condition precedent to such party's obligations hereunder), shall each be in full force and effect and executed counterparts of each shall have been delivered to such Participant or its counsel on or before such Closing Date; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Appears in 1 contract

Sources: Participation Agreement (Union Tank Car Co)

Execution of Operative Agreements. On or before the Initial Closing Date, --------------------------------- this Agreement, the Trust Agreement, the Lease, the Lease Supplements in respect of the Units delivered on the Initial Closing Date, the Indenture, the Indenture Supplements in respect of the Units delivered on the Initial Closing Date, the Equipment Notes in respect of the Units delivered on the Initial Closing Date and Notes, the Pass Through Trust Agreement, and on or before the Subsequent Closing Date, the Lease Pass Through Trust Supplements, the Indenture Supplements Management Agreement, the Insurance Agreement, the Transfer and Assignment Agreement, the ▇▇▇▇ of Sale, the GATC ▇▇▇▇ of Sale, the Intercreditor Agreement, the Underwriting Agreement and the Equipment Notes in respect of the Units delivered on the Subsequent Closing Date, Lockbox Agreement shall each be satisfactory in form and substance to such Participant, shall have been duly executed and delivered by the parties thereto (except that the execution and delivery of the documents referred to above (other than this Agreement) by a party hereto or thereto shall not be a condition precedent to such party's obligations hereunder), shall each be in full force and effect effect, and executed counterparts of each shall have been delivered to such Participant or its counsel on or before such the Closing Date; [Participation Agreement (GARC II 98-A)] and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Appears in 1 contract

Sources: Participation Agreement (General American Railcar Corp Ii)

Execution of Operative Agreements. On or before the Initial Closing Date, --------------------------------- this Agreement, the Trust Agreement, the Lease, the Lease Supplements in respect of the Units delivered on the Initial Closing Date, the Indenture, the Indenture Supplements in respect of the Units delivered on the Initial Closing Date, the Equipment Notes in respect of the Units delivered on the Initial Closing Date and Notes, the Pass Through Trust Agreement, and on or before the Subsequent Closing Date, the Lease Pass Through Trust Supplements, the Indenture Supplements Management Agreement, the Insurance Agreement, the Transfer and Contribution Agreement, the ▇▇▇▇ of Sale, the GATC ▇▇▇▇ of Sale, the Intercreditor Agreement, the Underwriting Agreement, the Lockbox Agreement, the Owner Trustee Parent Guaranty and the Equipment Notes in respect of the Units delivered on the Subsequent Closing Date, Owner Participant Parent Guaranty (if any) shall each be satisfactory in form and substance to such Participant, shall have been duly executed and delivered by the parties thereto (except that the execution and delivery of the documents referred to above (other than this Agreement) by a party hereto or thereto shall not be a condition precedent to such party's obligations hereunder), shall each be in full force and effect effect, and executed counterparts of each shall have been delivered to such Participant or its counsel on or before such the Closing Date; and no event shall have occurred and be continuing that constitutes a Lease Default or an Indenture Default.

Appears in 1 contract

Sources: Participation Agreement (General American Railcar Corp Ii)