Common use of Minimizing Costs and Expenses and Equivalent Treatment Clause in Contracts

Minimizing Costs and Expenses and Equivalent Treatment. (a) Each Affected Person shall be deemed to have agreed that it shall, as promptly as practicable after it becomes aware of any circumstance referred to in any Specified Cost Section, use commercially reasonable efforts (to the extent not inconsistent with its internal policies of general application) to minimize the costs, expenses, taxes or other liabilities incurred by it and payable to it by HVF II pursuant to such Specified Cost Section.

Appears in 14 contracts

Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp)

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Minimizing Costs and Expenses and Equivalent Treatment. (a) Each Affected Person shall be deemed to have agreed that it shall, as promptly as practicable after it becomes aware of any circumstance referred to in any Specified Cost SectionClause, use commercially reasonable efforts (to the extent not inconsistent with its internal policies of general application) to minimize the costs, expenses, taxes Taxes or other liabilities Liabilities incurred by it and payable to it by HVF II the Issuer pursuant to such Specified Cost SectionClause.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp)

Minimizing Costs and Expenses and Equivalent Treatment. (a) Each Affected Person shall be deemed to have agreed that it shall, as promptly as practicable after it becomes aware of any circumstance referred to in any Specified Cost Section, use commercially reasonable efforts (to the extent not inconsistent with its internal policies of general application) to minimize the costs, expenses, taxes or other liabilities incurred by it and payable to it by HVF II III pursuant to such Specified Cost Section.

Appears in 4 contracts

Samples: Hertz Global Holdings, Inc, Hertz Corp, Hertz Corp

Minimizing Costs and Expenses and Equivalent Treatment. (a) Each Affected Person shall be deemed to have agreed that it shall, as promptly as practicable after it becomes aware of any circumstance referred to in any Specified Cost Section, use commercially reasonable efforts (to the extent not inconsistent with its internal 83 policies of general application) to minimize the costs, expenses, taxes or other liabilities incurred by it and payable to it by HVF II pursuant to such Specified Cost Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

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Minimizing Costs and Expenses and Equivalent Treatment. (a) Each Affected Person shall be deemed to have agreed that it shall, as promptly as practicable after it becomes aware of any circumstance referred to in any Specified Cost SectionClause, use commercially reasonable efforts (to the extent not inconsistent with its internal policies of general application) to minimize the costs, expenses, taxes Taxes or other liabilities Liabilities incurred by it and payable to it by HVF II the Issuer pursuant to such Specified Cost Section.Clause. WEIL:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

Minimizing Costs and Expenses and Equivalent Treatment. (a) Each Affected Person shall be deemed to have agreed that it shall, as promptly as practicable after it becomes aware of any circumstance referred to in any Specified Cost Section, use commercially reasonable efforts (to the extent not inconsistent with its internal policies of general application) to minimize the costs, expenses, taxes or other liabilities incurred by it and payable to it by HVF II HVIF pursuant to such Specified Cost Section.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

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