Common use of Reassignment of Surplus Clause in Contracts

Reassignment of Surplus. After termination of this Group II Supplement and the payment in full of the Group II Note Obligations, any proceeds of the Group II Indenture Collateral received or held by the Trustee shall be turned over to HVF II and the Group II Indenture Collateral shall be reassigned to HVF II by the Trustee without recourse to the Trustee and without any representations, warranties or agreements of any kind.

Appears in 4 contracts

Samples: Group Ii Supplement (Hertz Corp), Amended and Restated Group Ii Supplement (Hertz Global Holdings Inc), Amended and Restated Group Ii Supplement (Hertz Global Holdings Inc)

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Reassignment of Surplus. After termination of this Group II I Supplement and the payment in full of the Group II I Note Obligations, any proceeds of the Group II I Indenture Collateral received or held by the Trustee shall be turned over to HVF II and the Group II I Indenture Collateral shall be reassigned to HVF II by the Trustee without recourse to the Trustee and without any representations, warranties or agreements of any kind.

Appears in 2 contracts

Samples: Amended and Restated Group I Supplement (Hertz Corp), Group I Supplement to Base Indenture (Hertz Global Holdings Inc)

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Reassignment of Surplus. After termination of this Group II Supplement and the payment in full of the Group II Note Obligations, any proceeds of the Group II Indenture Collateral received or held by the WEIL:\95390710\1\99910.6247 Trustee shall be turned over to HVF II and the Group II Indenture Collateral shall be reassigned to HVF II by the Trustee without recourse to the Trustee and without any representations, warranties or agreements of any kind.

Appears in 1 contract

Samples: Second Amended and Restated Series 2013 B Supplement (Hertz Corp)

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