Common use of Custody of Vehicle Files Clause in Contracts

Custody of Vehicle Files. (a) The Lender hereby revocably appoints UHI as Custodian of the Vehicle Files, and UHI hereby confirms its acceptance of such appointment, to act as the agent of the Lender as Custodian of the Vehicle Files. Upon any sale or disposition of a Vehicle, UHI shall deliver the related Certificate of Title to the Person purchasing or otherwise acquiring the related Vehicle.

Appears in 3 contracts

Samples: Credit Agreement (U Haul International Inc), Credit Agreement (U Haul International Inc), Credit Agreement (Amerco /Nv/)

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Custody of Vehicle Files. (a) The Lender Administrative Agent and the Lenders hereby revocably appoints appoint UHI as Custodian of the Vehicle Files, and UHI hereby confirms its acceptance of such appointment, to act as the agent of the Lender Administrative Agent and the Lenders as Custodian of the Vehicle Files. Upon any sale or disposition of a Vehicle, UHI shall deliver the related Certificate of Title to the Person purchasing or otherwise acquiring the related Vehicle.

Appears in 1 contract

Samples: Credit Agreement (U Haul International Inc)

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Custody of Vehicle Files. (a) The Collateral Agent and the Lender hereby revocably appoints appoint UHI as Custodian of the Vehicle Files, and UHI hereby confirms its acceptance of such appointment, to act as the agent of the Collateral Agent and the Lender as Custodian of the Vehicle Files. Upon any sale or disposition of a Vehicle, UHI shall deliver the related Certificate of Title to the Person purchasing or otherwise acquiring the related Vehicle.

Appears in 1 contract

Samples: Credit Agreement (U Haul International Inc)

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