Common use of Limits on Activity of Nominee Clause in Contracts

Limits on Activity of Nominee. The Nominee hereby agrees (i) that it will not engage in any business or other activity other than (A) acting as titleholder of record for the Nominee Vehicles and (B) entering into documents related to various financing arrangements related to the Nominee Vehicles, and (ii) that it will not own any property or hold title to any vehicles other than the Nominee Vehicles (other than rights under contracts incidental to the Nominee’s appointment as nominee titleholder with respect to the Nominee Vehicles).

Appears in 3 contracts

Samples: Series 2013 G1 Supplement (Hertz Global Holdings Inc), Group I Supplement to Base Indenture (Hertz Global Holdings Inc), Series 2013 G1 Supplement (Hertz Global Holdings Inc)

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Limits on Activity of Nominee. The Nominee hereby agrees (i) that it will not engage in any business or other activity other than (A) acting as titleholder of record for the Nominee Vehicles and (B) entering into documents related to various financing arrangements related to the Nominee Vehicles, and (ii) that it will not own any property or hold title to any vehicles other than the Nominee Vehicles (other than rights under contracts incidental to the Nominee’s appointment as nominee titleholder with respect to the Nominee VehiclesVehicles).(1).

Appears in 2 contracts

Samples: Amended and Restated Series 2013 G1 Supplement (Hertz Corp), Amended and Restated Group I Supplement (Hertz Corp)

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Limits on Activity of Nominee. The Nominee hereby agrees (i) that it will not engage in any business or other activity other than (A) acting as titleholder of record for the Nominee Vehicles and (B) entering into documents related to various financing arrangements related to the Nominee Vehicles, and (ii) that it will not own any property or hold title to any vehicles other than the Nominee Vehicles (other than rights under contracts incidental to the Nominee’s appointment as nominee titleholder with respect to the Nominee Vehicles).

Appears in 2 contracts

Samples: Second Amended and Restated Series 2013 a Supplement (Hertz Corp), Second Amended and Restated Series 2014 a Supplement (Hertz Corp)

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