Common use of Trustee as Securities Intermediary Clause in Contracts

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2004-1 Collection Account, the Series 2004-1 Excess Collection Account, the Series 2004-1 Accrued Interest Account, the Series 2004-1 Reserve Account, the Series 2004-1 Cash Collateral Account, or the Series 2004-1 Distribution Account (each a “Series 2004-1 Designated Account”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 2004-1 Designated Account is not the Trustee, HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.10.

Appears in 2 contracts

Samples: Second Amended and Restated Series 2004 1 Supplement (Hertz Global Holdings Inc), Amended and Restated Series 2004 1 Supplement (Hertz Corp)

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