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.
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Samples: Base Indenture (Hertz Global Holdings Inc), Base Indenture (Hertz Global Holdings Inc), Hertz Corp
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: Vehicle Title Nominee Agreement (Hertz Corp), Collateral Agency Agreement (Hertz Global Holdings Inc)
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.
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