Covenants of Grantors. Each Grantor covenants that:
Covenants of Grantors. Each Grantor hereby agrees that:
(a) It shall take all action necessary to maintain and to perfect the Collateral Agent’s security interest on behalf of the related Secured Party in the Vehicle Collateral (other than with respect to the Initial Hertz Vehicles and the Service Vehicles) in which it has an interest now in existence and hereafter acquired or created, including, without limitation, the filing of any financing or continuation statements under the UCC in effect in any jurisdiction with respect to the liens and security interests granted hereunder.
(b) At any time and from time to time, upon the written request of the Collateral Agent, and at its sole expense, it will promptly and duly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent may reasonably deem desirable in obtaining the full benefits of this Collateral Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the UCC in effect in any jurisdiction with respect to the liens and security interests granted hereby. It also hereby authorizes the Collateral Agent to file any such financing or continuation statement, at its expense. If any amount payable under or in connection with any of the Vehicle Collateral shall be or become evidenced by any promissory note, chattel paper or other instrument, such note, chattel paper or instrument shall be deemed to be held in trust and promptly pledged to the Collateral Agent hereunder, and shall, subject to the rights of any Person in whose favor a prior Lien has been perfected, be duly endorsed in a manner satisfactory to the Collateral Agent and delivered to the Collateral Agent promptly.
(c) It shall warrant and defend the Collateral Agent’s right, title and interest in and to the Vehicle Collateral in which it has an interest and the Proceeds thereof, for the benefit of the related Secured Party against the claims and demands of all Persons whomsoever.
Covenants of Grantors. Each Grantor covenants and agrees with the Administrative Agent and the Lenders that, from and after the date of this Agreement until the Obligations shall have been paid in full, no Letter of Credit shall be outstanding and the Commitments shall have terminated:
Covenants of Grantors. SECTION 4.01.
Covenants of Grantors. Each Grantor covenants and agrees that so long as the security interest created hereby remains outstanding:
(a) The Grantor will deliver to Secured Party each instrument included in the Collateral as set forth in Section 2.3.
(b) The Grantor will not (i) cause, permit or suffer any voluntary or involuntary change in its name, identity or corporate structure, or in the location of its chief executive office, and (ii) keep any tangible Collateral or any records relating to any Claim owned by it, or permit or suffer any such Collateral or records to be moved, to any location other than those specified in Schedule B (except with respect to (i) Inventory in transit in the ordinary course of business, (ii) Inventory temporarily held by contractors or agents in the ordinary course of business, and (iii) Inventory with an aggregate value of less than One Million Dollars ($1,000,000) held by consignees in the ordinary course of business) unless (in each case) (x) Schedule B has first been appropriately supplemented with respect thereto, and (y) an appropriate financing statement has been filed in the proper office and in the proper form, and all other requisite actions have been taken, to perfect or continue the perfection (without loss of priority) of Secured Party's security interest in the Collateral.
(c) The Grantor will defend the Collateral against all claims and demands of all Persons at any time claiming the same or any interest therein unless such interest is permitted hereunder and under the Credit Agreement.
(d) The Grantor will not encumber, sell, exchange or otherwise dispose of any item of Collateral or any interest therein, or permit or suffer any such item to be encumbered, sold, exchanged or otherwise disposed of, unless (i) such action is permitted at the time under the Credit Agreement and (ii) the Grantor makes all payments on account of the Obligations required to be made therefrom (provided that any such payments made in connection with any Asset Sale permitted under Section 5.3(b)(iii) of the Credit Agreement shall be made concurrently with the closing of such Asset Sale), and the Grantor and each other Loan Party takes all other actions required to be taken in connection therewith, under the Credit Agreement, this Agreement or any other Loan Document.
(e) Secured Party is hereby authorized to file one or more financing statements, and continuations thereof and amendments thereto, relative to all or any part of the Collateral, without the sig...
Covenants of Grantors. Each of the covenants and agreements which are set forth or incorporated in the Senior Credit Documents and which are applicable or refer to a Grantor or the Collateral subject hereto (or, in either case, any other term that is used with the same or similar meaning) are incorporated herein by reference and each Grantor agrees to perform and abide by each such covenant and agreement. Without limiting the generality of the foregoing and in furtherance thereof, each Grantor (i) shall vote the stock and securities included in the Collateral to comply with the covenants and agreements set forth in the Senior Credit Documents, (ii) shall cause each Pledged Subsidiary to restrict the issuance of additional debt except as permitted in the Credit Agreement and additional shares of stock or other ownership interests of its Subsidiaries (or rights or options therefore) except as permitted in the Credit Agreement and, to the extent required by the Credit Agreement, shall cause such stock or other ownership interests to be pledged to the Collateral Agent hereunder; and (iii) shall not sell or otherwise dispose of, or grant any option with respect to, any of the Collateral except as permitted by the Credit Agreement.
Covenants of Grantors. Each Grantor hereby agrees that:
Covenants of Grantors. 13 6.1 General......................................................... 13 6.2 Receivables..................................................... 13 6.3
Covenants of Grantors. Grantors agree to comply with the following covenants so long as this Deed of Trust remains in effect:
Covenants of Grantors. The Grantors covenant and agree that they will at all times have deposited in Escrow with the Escrow Agent the Warrant Shares, together with such duly executed and endorsed stock powers and other instruments of assignment or transfer relating thereto as the holder hereof may reasonably require to provide for the exercise of the rights represented by this Warrant. Grantors will not avoid or seek to avoid the observance or performance of any of the terms of this Warrant but will at all times in good faith carry out all such terms and take all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant.
