Monthly Collateral Certificate Clause Samples
Monthly Collateral Certificate. On or before each Payment Date, RCFC shall furnish to the Trustee, the HVF II Trustee and the Collateral Agent an Officer’s Certificate of RCFC to the effect that, except as stated therein,
(i) the Series 2010-3 Eligible Vehicles and all other Series 2010-3 Collateral is free and clear of all Liens, other than Permitted Liens and
(ii) the aggregate amount of all vicarious liability claims outstanding against RCFC as of the immediately preceding Determination Date is less than $5,000,000. If the aggregate amount of vicarious liability claims outstanding against RCFC exceeds $5,000,000, the Officer’s Certificate delivered pursuant to this Section 5.1(c) also shall contain a schedule listing all of the vicarious liability claims then outstanding against RCFC.
Monthly Collateral Certificate. On or before each Payment Date, HVF shall furnish to the Trustee and the Collateral Agent an Officer’s Certificate of HVF to the effect that, except as stated therein, (i) the HVF Vehicles and all other Collateral is free and clear of all Liens, other than Permitted Liens, and (ii) the aggregate amount of all vicarious liability claims outstanding against HVF as of the immediately preceding Determination Date is less than $5 million. If the aggregate amount of vicarious liability claims outstanding against HVF exceeds $5 million, the Officer’s Certificate delivered pursuant to this Section 4.1(e) shall also contain a schedule describing all of the vicarious liability claims then outstanding against HVF.
Monthly Collateral Certificate. On or before each Payment Date, HVF shall furnish to the Trustee, the HVF II Trustee and the Collateral Agent an Officer’s Certificate of HVF to the effect that, except as stated therein,
(i) the Series 2013-G1 Eligible Vehicles and all other Series 2013-G1 Collateral is free and clear of all Liens, other than Permitted Liens and
(ii) the aggregate amount of all vicarious liability claims outstanding against HVF as of the immediately preceding Determination Date is less than $5,000,000. If the aggregate amount of vicarious liability claims outstanding against HVF exceeds $5,000,000, the Officer’s Certificate delivered pursuant to this Section 5.1(c) also shall contain a schedule listing all of the vicarious liability claims then outstanding against HVF.
Monthly Collateral Certificate. On or before each Payment Date, ZVF shall furnish to the Trustee and the Collateral Agent an Officer’s Certificate of ZVF to the effect that, except as stated therein, (i) the ZVF Vehicles and all other Collateral is free and clear of all Liens, other than Permitted Liens, and (ii) the aggregate amount of all vicarious liability claims outstanding against ZVF as of the immediately preceding Determination Date is less than $2 million. If the aggregate amount of vicarious liability claims outstanding against ZVF exceeds $2 million, the Officer’s Certificate delivered pursuant to this Section 4.1(e) shall also contain a schedule describing all of the vicarious liability claims then outstanding against ZVF.
Monthly Collateral Certificate. On or before each Payment Date, HVF shall furnish to the Trustee and the Collateral Agent an Officer’s Certificate of HVF to the effect that, except as stated therein, (i) the HVF Vehicles and all other Collateral is free and clear of all Liens, other than Permitted Liens, and (ii) the aggregate amount of all vicarious liability claims outstanding against HVF as of the immediately preceding Determination Date is less than $5
Monthly Collateral Certificate. On or before (but not more than five days before) each Distribution Date, CPF shall furnish to the Trustee an Officer’s Certificate of CPF for each Group to the effect that, except as stated therein, (i) the Collateral and all Applicable CPF Trucks and other Group Specific Collateral for such Group is free and clear of all Liens, other than Permitted Liens, and (ii) a schedule describing all of the vicarious liability claims then outstanding against CPF.
Monthly Collateral Certificate. On or before each Distribution Date, BTF shall furnish to the Trustee an Officer’s Certificate of BTF to the effect that, except as stated therein, (i) the BTF Trucks and all other Collateral is free and clear of all Liens, other than Permitted Liens, and (ii) a schedule describing all of the vicarious liability claims then outstanding against BTF.
Monthly Collateral Certificate. On or before each Payment Date, HVF III shall furnish to the Trustee, the Collateral Agent and the Vehicle-Only Collateral Agent an Officer’s Certificate of HVF III to the effect that, except as stated therein, (i) the Vehicles and all other Collateral is free and clear of all Liens, other than Permitted Liens, and (ii) the aggregate amount of all vicarious liability claims outstanding against HVF III as of the immediately preceding Determination Date is less than $5,000,000. If the aggregate amount of vicarious liability claims outstanding against HVF III exceeds $5,000,000, the Officer’s Certificate delivered pursuant to this Section 4.1(e) (Reports and Instructions to Trustee) shall also contain a schedule describing all of the vicarious liability claims then outstanding against HVF III.