Reassignment of Surplus. After termination of this Agreement and the payment in full of the Issuer Secured Obligations, any proceeds of the Issuer Collateral received or held by the Issuer Security Trustee shall be turned over to the Issuer and the Issuer Collateral shall be reassigned to the Issuer by the Issuer Security Trustee without recourse to the Issuer Security Trustee and without any representations, warranties or agreements of any kind.
Appears in 4 contracts
Samples: Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Corp)
Reassignment of Surplus. After Promptly after termination of this Agreement Indenture and the payment in full of the Issuer Secured Obligations, any proceeds of all the Issuer Collateral received or held by the Issuer Security Trustee shall be turned over to the Issuer and the Issuer Collateral shall be reassigned to the Issuer by the Issuer Security Trustee without recourse to the Issuer Security Trustee and without any representations, warranties or agreements of any kind.
Appears in 2 contracts
Samples: Vanguard Car Rental Group Inc., Vanguard Car Rental Group Inc.
Reassignment of Surplus. After termination of this Agreement and the payment in full of the Issuer Secured Obligations, any proceeds of the Issuer Collateral received or held by the Issuer Security Trustee shall be turned over to the Issuer and the Issuer Collateral shall be reassigned to the Issuer by the Issuer Security WEIL: Trustee without recourse to the Issuer Security Trustee and without any representations, warranties or agreements of any kind.
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