Common use of Rights of Lessor pledged to Trustee Clause in Contracts

Rights of Lessor pledged to Trustee. Each Lessee acknowledges that the Lessor has transferred or will transfer all of its rights under this Agreement to the German Security Trustee pursuant to the German Security Documents. Accordingly, each Lessee agrees that:

Appears in 3 contracts

Samples: Master Lease and Servicing Agreement (Hertz Corp), Master Lease and Servicing Agreement (Hertz Corp), German Master Lease and Servicing Agreement (Hertz Corp)

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Rights of Lessor pledged to Trustee. Each Lessee acknowledges that the Lessor has transferred or will transfer all of its rights under this Agreement to the German Security Trustee pursuant to the German Security Documents. Accordingly, each Lessee Xxxxxx agrees that:

Appears in 2 contracts

Samples: Lease and Servicing Agreement (Hertz Corp), Master Lease and Servicing Agreement (Hertz Corp)

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