Ownership of Limited Liability Company Interests; Subsidiary. All of the issued and outstanding limited liability company interests of HVF are owned by Hertz, all of which limited liability company 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 limited liability company interests may be pledged to the ABL Collateral Agent pursuant to the ABL Guarantee and Collateral Agreement for the benefit of the secured parties thereunder. HVF has no subsidiaries and owns no capital stock of, or other equity interest in, any other Person, other than Hertz Vehicles LLC.
Ownership of Limited Liability Company Interests; Subsidiary. All of the issued and outstanding limited liability company interests of HVF are owned by Hertz, all of which limited liability company 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 limited liability company interests in HVF (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. HVF has no subsidiaries and owns no capital stock of, or other equity interest in, any other Person, other than the Nominee.
Ownership of Limited Liability Company Interests; Subsidiary. All of the issued and outstanding limited liability company interests of ZVF are owned by Zipcar, all of which limited liability company interests have been validly issued, are fully paid and non-assessable and are owned of record by Zipcar, free and clear of all Liens other than Permitted Liens. ZVF has no subsidiaries and owns no capital stock of, or other equity interest in, any other Person.
Ownership of Limited Liability Company Interests; Subsidiary. As of each Series Closing Date, all of the issued and outstanding limited liability company interests of AFC-II are owned by AESOP Leasing and Original AESOP, all of which limited liability company interests have been validly issued, are fully paid and non-assessable and are owned of record by such entities. AFC-II has no subsidiaries and owns no capital stock of, or other interest in, any other Person.
Ownership of Limited Liability Company Interests; Subsidiary. As of each Series Closing Date, all of the issued and outstanding limited liability company interests of CRCF are owned by AESOP Leasing and Original AESOP, all of which limited liability company interests have been validly issued, are fully paid and non-assessable and are owned of record by such entities. CRCF has no subsidiaries and owns no capital stock of, or other interest in, any other Person.
