Common use of Purchase of Existing Fleet from Spanish OpCo Clause in Contracts

Purchase of Existing Fleet from Spanish OpCo. (i) On the Closing Date, (A) Spanish OpCo shall transfer to Spanish FleetCo all Vehicles to which it has legal title as of the Closing Date and (B) Spanish FleetCo shall accede to all Vehicle Purchasing Agreements to which Spanish OpCo is party as of the Closing Date and shall be bound by the terms and provisions of such Vehicle Purchasing Agreements as if it were an original party thereto.

Appears in 5 contracts

Samples: Lease and Servicing Agreement (Hertz Corp), Vehicle Purchasing Agreement (Hertz Corp), Master Lease and Servicing Agreement (Hertz Corp)

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Purchase of Existing Fleet from Spanish OpCo. (i) On the Closing Date, (A) Spanish OpCo shall transfer to Spanish FleetCo all Vehicles to which it has legal title as of the Closing Date and (B) Spanish FleetCo shall accede to all Vehicle Purchasing Agreements to which Spanish OpCo is party as of the Closing Date and shall be bound by the terms and provisions of such Vehicle Purchasing Agreements as if it were an original party thereto.. WEIL:\96789897\1\52396.0010

Appears in 1 contract

Samples: Vehicle Purchasing Agreement (Hertz Corp)

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