Collateral Posting for Ineligible Interest Rate Cap Providers. Each Series 2013-A Interest Rate Cap shall provide that, if the Interest Rate Cap Provider with respect thereto is required to obtain a replacement as described in Section 4.4(b) and such replacement is not obtained within the period specified in the Series 2013-A Interest Rate Cap, then such Interest Rate Cap Provider must, until such replacement is obtained or such Interest Rate Cap Provider again becomes an Eligible Interest Rate Cap Provider, post and maintain collateral in order to meet its obligations under such Series 2013-A Interest Rate Cap in an amount determined pursuant to the credit support annex entered into in connection with such Series 2013-A Interest Rate Cap (a “Credit Support Annex”).
Appears in 3 contracts
Samples: Fourth Amended and Restated Series 2013 a Supplement (Hertz Corp), Third Amended and Restated Series 2013 a Supplement (Hertz Corp), Second Amended and Restated Series 2013 a Supplement (Hertz Corp)
Collateral Posting for Ineligible Interest Rate Cap Providers. Each Series 2013-A B Interest Rate Cap shall provide that, if the Interest Rate Cap Provider with respect thereto is required to obtain a replacement as described in Section 4.4(b) and such replacement is not obtained within the period specified in the Series 2013-A B Interest Rate Cap, then such Interest Rate Cap Provider must, until such replacement is obtained or such Interest Rate Cap Provider again becomes an Eligible Interest Rate Cap Provider, post and maintain collateral in order to meet its obligations under such Series 2013-A B Interest Rate Cap in an amount determined pursuant to the credit support annex entered into in connection with such Series 2013-A B Interest Rate Cap (a “Credit Support Annex”).
Appears in 1 contract
Samples: Fourth Amended and Restated Series 2013 B Supplement (Hertz Corp)
