Common use of Investor Group Maximum Principal Increase Clause in Contracts

Investor Group Maximum Principal Increase. Subject only to compliance with this Section 2.1(c), Section 2.1(d), Section 2.1(e) and Section 2.1(h), on any Business Day during the Series 2013-B Revolving Period, HVF II and any Investor Group and its related Funding Agent, Conduit Investors, if any, and Committed Note Purchasers may increase such Investor Group’s Maximum Investor Group Principal Amount and effect a corresponding increase to the Series 2013-B Maximum Principal Amount (any such increase, an “Investor Group Maximum Principal Increase”) by entering into an Investor Group Maximum Principal Increase Addendum. HVF II shall provide at least one (1) Business Day’s prior written notice to each Funding Agent party hereto as of the date of such notice and the Administrative Agent of any such increase, setting forth (i) the names of the Funding Agent, the Conduit Investors, if any, and the Committed Note Purchasers that are members of such Investor Group, (ii) the Maximum Investor Group Principal Amount with respect to such Investor Group, the Series 2013-B Maximum Principal Amount, and each Committed Note Purchaser’s Committed Note Purchaser Percentage, in each case after giving effect to such Investor Group Maximum Principal Increase, (iii) the Investor Group Maximum Principal Increase Amount in connection with such Investor Group Maximum Principal Increase, if any, and (iv) the desired effective date of such Investor Group Maximum Principal Increase. On the effective date of each Investor Group Maximum Principal Increase, the Administrative Agent shall revise Schedule II hereto in accordance with the information provided in the notice described above relating to such Investor Group Maximum Principal Increase.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc)

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Investor Group Maximum Principal Increase. Subject only to compliance with this Section 2.1(c), Section 2.1(d), Section 2.1(e) and Section 2.1(h), on any Business Day during the Series 2013-B A Revolving Period, HVF II and any Investor Group and its related Funding Agent, Conduit Investors, if any, and Committed Note Purchasers may increase such Investor Group’s Maximum Investor Group Principal Amount and effect a corresponding increase to the Series 2013-B A Maximum Principal Amount (any such increase, an “Investor Group Maximum Principal Increase”) by entering into an Investor Group Maximum Principal Increase Addendum. HVF II shall provide at least one (1) Business Day’s prior written notice to each Funding Agent party hereto as of the date of such notice and the Administrative Agent of any such increase, setting forth (i) the names of the Funding Agent, the Conduit Investors, if any, and the Committed Note Purchasers that are members of such Investor Group, (ii) the Maximum Investor Group Principal Amount with respect to such Investor Group, the Series 2013-B A Maximum Principal Amount, and each Committed Note Purchaser’s Committed Note Purchaser Percentage, in each case after giving effect to such Investor Group Maximum Principal Increase, (iii) the Investor Group Maximum Principal Increase Amount in connection with such Investor Group Maximum Principal Increase, if any, and (iv) the desired effective date of such Investor Group Maximum Principal Increase. On the effective date of each Investor Group Maximum Principal Increase, the Administrative Agent shall revise Schedule II hereto in accordance with the information provided in the notice described above relating to such Investor Group Maximum Principal Increase.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Global Holdings Inc)

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Investor Group Maximum Principal Increase. Subject only to compliance with this Section 2.1(c), Section 2.1(d), Section 2.1(e) and Section 2.1(h2.1(e), on any Business Day during the Series 20132014-B A Revolving Period, HVF II and any Investor Group and its related Funding Agent, Conduit Investors, if any, and Committed Note Purchasers may increase such Investor Group’s Maximum Investor Group Principal Amount as of such date and effect a corresponding increase to the Series 20132014-B A Maximum Principal Amount (any such increase, an “Investor Group Maximum Principal Increase”) by entering into an Investor Group Maximum Principal Increase Addendum. HVF II shall provide at least one (1) Business Day’s prior written notice to each Funding Agent party hereto as of the date of such notice and the Administrative Agent of any such increase, setting forth (i) the names of the Funding Agent, the Conduit Investors, if any, and the Committed Note Purchasers that are members of such Investor Group, (ii) the Maximum Investor Group Principal Amount with respect to such Investor GroupGroup as of such date, the Series 20132014-B A Maximum Principal AmountAmount as of such date, and each Committed Note Purchaser’s Committed Note Purchaser Percentage, in each case after giving effect to such Investor Group Maximum Principal Increase, (iii) the Investor Group Maximum Principal Increase Amount in connection with such Investor Group Maximum Principal Increase, if any, and (iv) the desired effective date of such Investor Group Maximum Principal Increase. On the effective date of each Investor Group Maximum Principal Increase, the Administrative Agent shall revise Schedule II hereto in accordance with the information provided in the notice described above relating to such Investor Group Maximum Principal Increase.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

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