Noteholders. The Series 2014-1 Agent hereby agrees (i) to act as the securities intermediary (as defined in Section 8‑102(a)(14) of the New York UCC) with respect to the Series 2014-1 Cash Collateral Account; (ii) that its jurisdiction as a securities intermediary is New York, (iii) that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Series 2014-1 Cash Collateral Account shall be treated as a financial asset (as defined in Section 8‑102(a)(9) of the New York UCC) and (iv) to comply with any entitlement order (as defined in Section 8‑102(a)(8) of the New York UCC) issued by the Trustee.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Noteholders. The Series 20142016-1 Agent hereby agrees (i) to act as the securities intermediary (as defined in Section 8‑102(a)(14) of the New York UCC) with respect to the Series 20142016-1 Cash Collateral Account; (ii) that its jurisdiction as a securities intermediary is New York, (iii) that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Series 20142016-1 Cash Collateral Account shall be treated as a financial asset (as defined in Section 8‑102(a)(9) of the New York UCC) and (iv) to comply with any entitlement order (as defined in Section 8‑102(a)(8) of the New York UCC) issued by the Trustee.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Noteholders. The Series 2014-1 Agent hereby agrees (i) to act as the securities intermediary (as defined in Section 8‑102(a)(14) of the New York UCC) with respect to the Series 2014-1 Cash Collateral Distribution Account; (ii) that its jurisdiction as a securities intermediary is New York, (iii) that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Series 2014-1 Cash Collateral Distribution Account shall be treated as a financial asset (as defined in Section 8‑102(a)(9) of the New York UCC) and (iv) to comply with any entitlement order (as defined in Section 8‑102(a)(8) of the New York UCC) issued by the Trustee.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Noteholders. The Series 20142016-1 Agent hereby agrees (i) to act as the securities intermediary (as defined in Section 8‑102(a)(14) of the New York UCC) with respect to the Series 20142016-1 Cash Collateral Distribution Account; (ii) that its jurisdiction as a securities intermediary is New York, (iii) that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Series 20142016-1 Cash Collateral Distribution Account shall be treated as a financial asset (as defined in Section 8‑102(a)(9) of the New York UCC) and (iv) to comply with any entitlement order (as defined in Section 8‑102(a)(8) of the New York UCC) issued by the Trustee.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Noteholders. The Series 2014-1 Agent hereby agrees (i) to act as the securities intermediary (as defined in Section 8‑102(a)(14) of the New York UCC) with respect to the Series 2014-1 Cash Collateral Reserve Account; (ii) that its jurisdiction as a securities intermediary is New York, ; (iii) that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Series 2014-1 Cash Collateral Reserve Account shall be treated as a financial asset (as defined in Section 8‑102(a)(9) of the New York UCC) and (iv) to comply with any entitlement order (as defined in Section 8‑102(a)(8) of the New York UCC) issued by the Trustee.
Appears in 1 contract
Samples: Avis Budget Group, Inc.
Noteholders. The Series 20142012-1 Agent hereby agrees (i) to act as the securities intermediary (as defined in Section 8‑102(a)(148-102(a)(14) of the New York UCC) with respect to the Series 20142012-1 Cash Collateral Account; (ii) that its jurisdiction as a securities intermediary is New York, (iii) that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Series 20142012-1 Cash Collateral Account shall be treated as a financial asset (as defined in Section 8‑102(a)(98-102(a)(9) of the New York UCC) and (iv) to comply with any entitlement order (as defined in Section 8‑102(a)(88-102(a)(8) of the New York UCC) issued by the Trustee.
Appears in 1 contract
Samples: Avis Budget Group, Inc.