Common use of Rights of the French Security Trustee upon Amortization Event or Certain Other Events of Default Clause in Contracts

Rights of the French Security Trustee upon Amortization Event or Certain Other Events of Default. of the French Facility Agreement, and each Lessee acknowledges that it has hereby granted to the Lessor all such rights, remedies, powers, privileges and claims granted by the Lessor to the French Security Trustee pursuant to Clause 11 (Amortization Events and Remedies) of the French Facility Agreement and that the French Security Trustee may act in lieu of the Lessor in the exercise of all such rights, remedies, powers, privileges and claims.

Appears in 7 contracts

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

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Rights of the French Security Trustee upon Amortization Event or Certain Other Events of Default. of the French Facility Agreement, and each Lessee acknowledges that it has hereby granted to the Lessor all such rights, remedies, powers, privileges and claims granted by the Lessor to the French Security Trustee pursuant to Clause 11 (Amortization Events and Remedies) of the French Facility Agreement and that the French Security WEIL:\96789894\1\52396.0010 Trustee may act in lieu of the Lessor in the exercise of all such rights, remedies, powers, privileges and claims.

Appears in 1 contract

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

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