Legal Reserve Fund. On and after the Legal Reserve Funding Date and for so long as the Legal Reserve Release Condition is not met, AESOP Leasing shall maintain a balance of $500,000 in the AESOP I Segregated Account for the purpose of paying legal fees and disbursements of counsel to AESOP Leasing or its Permitted Nominees for the defense of vicarious liability claims.
Appears in 5 contracts
Samples: Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc)
