Common use of Ownership of Equity Interests; Subsidiary Clause in Contracts

Ownership of Equity Interests; Subsidiary. All of the issued and outstanding equity interests of RCFC are owned by DTAG, all of which equity interests have been validly issued, are fully paid and non-assessable and are owned of record by Hertz, free and clear of all Liens other than Permitted Liens; provided however that, such equity interests in RCFC (the “SPV Issuer Equity”) may be pledged for the benefit of one or more Pledged Equity Secured Parties pursuant to any Pledged Equity Security Agreement as long as such Pledged Equity Security Agreement contains the Required Standstill Provisions. RCFC has no subsidiaries and owns no capital stock of, or other equity interest in, any other Person.

Appears in 5 contracts

Samples: Second Amended and Restated Series 2013 B Supplement (Hertz Corp), Fourth Amended and Restated Series 2010 3 Supplement (Hertz Global Holdings Inc), Fourth Amended and Restated Series 2010 3 Supplement (Hertz Global Holdings Inc)

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Ownership of Equity Interests; Subsidiary. All of the issued and outstanding equity interests of RCFC are owned by DTAG, all of which equity interests have been validly issued, are fully paid and non-assessable and are WEIL:\95390898\1\99910.6247 owned of record by Hertz, free and clear of all Liens other than Permitted Liens; provided however that, such equity interests in RCFC (the “SPV Issuer Equity”) may be pledged for the benefit of one or more Pledged Equity Secured Parties pursuant to any Pledged Equity Security Agreement as long as such Pledged Equity Security Agreement contains the Required Standstill Provisions. RCFC has no subsidiaries and owns no capital stock of, or other equity interest in, any other Person.

Appears in 1 contract

Samples: Amendment No. 1 (Hertz Corp)

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