Common use of Pairing Conditions Clause in Contracts

Pairing Conditions. (i) So long as the Series 2013-A Notes are Outstanding (as “Outstanding” is defined in the Series 2013-A Supplement), no increase of the Series 2013-B Maximum Principal Amount pursuant to Section 2.1(b) shall be effective unless (A) the Additional Investor Group to become party to this Series 2013-B Supplement in connection therewith shall contemporaneously upon the execution of the related Addendum become party to the Series 2013-A Supplement as a Series 2013-A Additional Investor Group pursuant to Section 2.1(b) of the Series 2013-A Supplement by execution of a Series 2013-A Addendum and (B) immediately after giving effect to the execution of such Addendum and such Series 2013-A Addendum, such Additional Investor Group’s Commitment Percentage shall equal such Series 2013-A Additional Investor Group’s Series 2013-A Commitment Percentage.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc)

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Pairing Conditions. (i) So long as the Series 2013-A B Notes are Outstanding (as “Outstanding” is defined in the Series 2013-A B Supplement), no increase of the Series 2013-B A Maximum Principal Amount pursuant to Section 2.1(b) shall be effective unless (A) the Additional Investor Group to become party to this Series 2013-B A Supplement in connection therewith shall contemporaneously upon the execution of the related Addendum become party to the Series 2013-A B Supplement as a Series 2013-A B Additional Investor Group pursuant to Section 2.1(b) of the Series 2013-A B Supplement by execution of a Series 2013-A B Addendum and (B) immediately after giving effect to the execution of such Addendum and such Series 2013-A B Addendum, such Additional Investor Group’s Commitment Percentage shall equal such Series 2013-A B Additional Investor Group’s Series 2013-A B Commitment Percentage.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Global Holdings Inc)

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