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.
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Samples: Issuer Facility Agreement (Hertz Corp), Issuer Facility Agreement (Hertz Corp), Issuer Facility 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: Base Indenture (Vanguard Car Rental Group Inc.), Base Indenture (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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