Common use of Release of Lien on Vehicles Clause in Contracts

Release of Lien on Vehicles. The Lien of the Trustee on the Vehicles shall automatically be deemed to be released concurrently with any release thereof as provided in Section 7.3 of each of the Loan Agreements.

Appears in 3 contracts

Samples: Cendant Corp, Base Indenture (Avis Rent a Car Inc), Base Indenture (Avis Rent a Car Inc)

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Release of Lien on Vehicles. The Lien of the Trustee on the Vehicles shall automatically be deemed to be released concurrently with any release thereof as provided in Section 7.3 of each 27 of the Loan AgreementsLease, or Sections 2.3 or 2.7 of the Master Collateral Agency Agreement.

Appears in 2 contracts

Samples: Vanguard Car Rental Group Inc., Vanguard Car Rental Group Inc.

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Release of Lien on Vehicles. The Lien of the Trustee on the Vehicles shall automatically be deemed to be released concurrently with any release thereof as provided in Section 7.3 of each the Lease, or Sections 2.3 or 2.7 of the Loan AgreementsMaster Collateral Agency Agreement.

Appears in 2 contracts

Samples: Republic Industries Inc, Republic Industries Inc

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