Common use of Monthly Collateral Certificate Clause in Contracts

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 HVIF shall furnish to the Trustee and the Collateral Agent an Officer’s Certificate of HVF HVIF to the effect that, except as stated therein, (i) the HVF HVIF Vehicles and all other HVIF 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 HVIF as of the immediately preceding Determination Date is less than $5 million5,000,000. If the aggregate amount of vicarious liability claims outstanding against HVF HVIF exceeds $5 million5,000,000, 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 HVFHVIF.

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 Series 2010-2 Vehicles and all other Series 2010-2 Collateral is free and clear of all Liens, other than Permitted Liens, 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(e3.1(e) shall also contain a schedule describing all of the vicarious liability claims then outstanding against HVF.