Common use of Trustee as Lienholder Clause in Contracts

Trustee as Lienholder. Concurrently with each leasing of a Vehicle under this Agreement, the Administrator shall indicate on its computer records that the Trustee as assignee of the Lender is the holder of a Lien on such Vehicle pursuant to the terms of the Indenture.

Appears in 7 contracts

Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc)

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Trustee as Lienholder. Concurrently with each leasing of a Vehicle under this Agreement, the Administrator shall indicate on its computer records that the Trustee Trustee, as assignee of the Lender Lender, is the holder of a Lien on such Vehicle pursuant to the terms of the Base Indenture.

Appears in 3 contracts

Samples: Master Motor Vehicle Finance Lease Agreement, Master Motor Vehicle Finance Lease Agreement (Avis Budget Group, Inc.), Master Motor Vehicle Operating Lease Agreement (Cendant Corp)

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Trustee as Lienholder. Concurrently with each leasing of a Vehicle under this Agreement, the Administrator Servicer shall indicate on its computer records that the Trustee as assignee of the Lender Lessor is the holder of a Lien on such Vehicle pursuant to the terms of the Indenture.

Appears in 2 contracts

Samples: Motor Vehicle Lease Agreement (Team Rental Group Inc), Master Motor Vehicle Lease Agreement (Team Rental Group Inc)

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