Common use of Collection Suit by the Trustee Clause in Contracts

Collection Suit by the Trustee. If any Series 2013-G1 Amortization Event arising from the failure to make a payment in respect of the Series 2013-G1 Note occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against HVF for the whole amount of principal and interest remaining unpaid on the Series 2013-G1 Note and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; provided, that the Trustee shall not be permitted to recover such a judgment from any Collateral or any Series-Specific Collateral relating to any Other Segregated Series of Notes Outstanding.

Appears in 3 contracts

Samples: Amended and Restated Series 2013 G1 Supplement (Hertz Corp), Series 2013 G1 Supplement (Hertz Global Holdings Inc), Series 2013 G1 Supplement (Hertz Global Holdings Inc)

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Collection Suit by the Trustee. If any Series 20132010-G1 2 Amortization Event arising from the failure to make a payment in respect of the Series 20132010-G1 Note 2 Notes occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against HVF for the whole amount of principal and interest remaining unpaid on the Series 20132010-G1 Note 2 Notes and interest on overdue principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; provided, that the Trustee shall not be permitted to recover such a judgment from any Collateral or any Series-Specific Collateral relating to any Other Segregated Series of Notes Outstanding.

Appears in 1 contract

Samples: Supplement to Base Indenture (Hertz Global Holdings Inc)

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