Common use of Vehicle Term Clause in Contracts

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” with respect to any Vehicle shall mean the date referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Schedule with respect to such Vehicle but in no event shall such date be a date later than the date that funds are expended by HVF to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle). The “Vehicle Term” with respect to each Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party pursuant to Section 2.5, the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer on behalf of such third party), (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (v) if such Vehicle becomes a Transferred HVF Vehicle, the date funds in the amount of the Transfer Price thereof are deposited in the

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” with respect to any Vehicle (x) for each BTF Truck (other than an Additional BTF Truck) shall mean the Initial Closing Date and (y) for each Additional BTF Truck shall mean the earlier of (a) the date referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Truck Acquisition Schedule with respect to such Vehicle but in no event shall such date be a date later than Truck, and (b) the date that funds are expended by HVF the Lessor to acquire such Vehicle Truck (with respect to such dateTruck, the “Vehicle Truck Funding Date” for such Vehicle”). The “Vehicle Term” with respect to each Vehicle (other than a Vehicle which has a Special Term) BTF Truck shall extend from the Vehicle Operating Truck Lease Commencement Date through the earliest of (i) if such Vehicle BTF Truck is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party pursuant to Section 2.5party, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer Lessee or the Guarantor on behalf of such third party), (iiiii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle BTF Truck becomes a Casualty or an Ineligible VehicleCasualty, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iii) if such BTF Truck becomes an Ineligible Truck, the date such BTF Truck has become an Ineligible Truck, (iv) the date that such BTF Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such BTF Truck) is deposited in the Collection Account by the Lessee, and (v) if such Vehicle becomes BTF Truck is a Transferred HVF VehicleGasoline Truck, the date funds in that is the amount first Business Day that is 42 months after the date of manufacture of such Gasoline Truck or, if such BTF Truck is a Diesel Truck, the Transfer Price thereof are deposited in thedate that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck (the earliest of such five dates being referred to as the “Vehicle Lease Expiration Date”).

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” with respect to any Vehicle (x) for each Group I Truck (other than an Additional Group I Truck) shall mean the Initial Group I Closing Date and (y) for each Additional Group I Truck shall mean the earlier of (a) the date referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Acquisition Schedule with respect to such Vehicle but in no event shall such date be a date later than Group I Truck, and (b) the date that funds are expended by HVF the Lessor to acquire such Vehicle Group I Truck (with respect to such dateGroup I Truck, the “Vehicle Truck Funding Date” for such Vehicle”). The “Vehicle Term” with respect to each Vehicle (other than a Vehicle which has a Special Term) Group I Truck shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle Group I Truck is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party pursuant to Section 2.5party, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer Lessee or the Guarantor on behalf of such third party), (iiiii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle Group I Truck becomes a Casualty or an Ineligible VehicleCasualty, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iii) if such Group I Truck becomes an Ineligible Truck (other than a Casualty), the date such Group I Truck has become an Ineligible Truck, (iv) the date that such Group I Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such Group I Truck) is deposited in the Collection Account by the Lessee, and (v) if such Vehicle becomes Group I Truck is a Transferred HVF VehicleGasoline Truck, the date funds that is the first Business Day that is 42 months after the date of manufacture of such Gasoline Truck or, if such Group I Truck is a Diesel Truck, the date that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck (the earliest of such dates described in clauses (i) through (v) being referred to as the amount of the Transfer Price thereof are deposited in the“Vehicle Lease Expiration Date”).

Vehicle Term. (a) Non-Repurchase Vehicles. The “"Vehicle Operating Lease Commencement Date” with respect to any " for each Non-Repurchase Vehicle shall mean the date day referenced as such in the applicable New Series 1996-1 Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Acquisition Schedule with respect to such Non-Repurchase Vehicle but in no event shall such date be a date later than beyond the date that funds are expended by HVF the Lessor to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Non- Repurchase Vehicle). The “"Vehicle Term” " with respect to each Non-Repurchase Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such the Non-Repurchase Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party pursuant to Section 2.5party, the date on which such Vehicle is sold to such third party and funds in respect of such sale are deposited in received by the Collection Account or an HVF Exchange Account Trustee (by from such third party or by from any member of the Servicer Lessee Group on behalf of such third party)) and such funds equal or exceed the Non-Repurchase Vehicle Value of such Non-Repurchase Vehicle, (iiiii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Non-Repurchase Vehicle becomes a Casualty or an Ineligible VehicleCasualty, the date funds in the amount of the Termination Non-Repurchase Vehicle Value thereof are deposited in the Collection Account received by the Trustee from the applicable Lessee, or (viii) if the date that the Non-Repurchase Vehicle is purchased by the applicable Lessee pursuant to Section 2.5 hereof and the Non-Repurchase Vehicle Value with respect to such purchase (and any unpaid Monthly Base Rent and Monthly Variable Rent with respect to such Non-Repurchase Vehicle) is received by the Trustee (the earliest of such four dates being referred to as the "Vehicle Lease Expiration Date"); provided, however, that the Lessees shall use commercially reasonable efforts to dispose of each Non-Repurchase Vehicle within twenty-four (24) months after the date of the original new dealer invoice for such Vehicle becomes a Transferred HVF Vehicleor where no such invoice exists, the date funds in such Vehicle was first put into service, or such longer period as may be approved by the amount of the Transfer Price thereof are deposited in theRating Agencies.

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” with respect to any Vehicle shall mean the date referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Schedule with respect to such Vehicle but in no event shall such date be a date later than the date that funds are expended by HVF to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle). The “Vehicle Term” with respect to each Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party pursuant to Section 2.5, the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer on behalf of such third party), (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (v) if such Vehicle becomes a Transferred HVF Vehicle, the date funds in the amount of the Transfer Price thereof are deposited in the Collection Account by HGI, (vi) if such Vehicle becomes a Rejected Vehicle, the date the Rejected Vehicle Payment is deposited in the Collection Account and (vii) the date that is the last Business Day of the month that is 36 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Vehicle (the earliest of such seven dates being referred to as the “Vehicle Operating Lease Expiration Date” for such Vehicle). The “Vehicle Term” with respect to each Vehicle which has a Special Term shall extend through the earlier of (i) the last date of the Special Term for such Vehicle as the same may be extended in accordance with the

Vehicle Term. (a) The “"Vehicle Operating Lease Commencement Date” with respect to any " (x) for each Initial Leased Vehicle shall mean the date Initial Closing Date and (y) for each other Vehicle shall mean the day as referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Acquisition Schedule with respect to such Vehicle but in no event shall such date be a date later than the date that funds are expended or allocated by HVF the Lessor to acquire such Vehicle or, in the case of a Replacement Vehicle, no later than the date that such Replacement Vehicle is "acquired" (as such date, term is defined in the “Vehicle Funding Date” for such Vehicle)Master Exchange Agreement) by the Intermediary pursuant to the Master Exchange Agreement. The “"Vehicle Term” " with respect to each Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle that has not been identified by the Lessor as an Identified Relinquished Vehicle pursuant to Section 3.1 of the Master Exchange Agreement or a Non-Program Vehicle returned to a Manufacturer under a Manufacturer ProgramProgram in accordance with Section 2.6(b), the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party (other than through an auction conducted by or through or arranged by the Manufacturer pursuant to Section 2.5its Manufacturer Program), the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer applicable Lessee or the Guarantor on behalf of such third party)) and such funds equal or exceed the Termination Value of such Vehicle, (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a Standard Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the applicable Lessee, (iv) the date that such Vehicle is purchased by the applicable Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (and any unpaid Monthly Base Rent and Supplemental Rent with respect to such Vehicle) is deposited in the Collection Account by such Lessee, (v) the date that is the last Business Day of the month that is 18 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Vehicle, and (vi) if such Vehicle becomes a Transferred HVF Vehiclehas been designated by the Lessor as an Identified Relinquished Vehicle pursuant to Section 3.1 of the Master Exchange Agreement, the date funds that such Vehicle is "transferred" to the Intermediary pursuant to Section 3.1 of the Master Exchange Agreement, provided, however, that if such designation as an Identified Relinquished Vehicle is rescinded pursuant to Section 3.6 of the Master Exchange Agreement, such Vehicle shall continue to be a leased Vehicle hereunder, as if such designation had not occurred, until the occurrence of one of the events described in the amount foregoing clauses (i) through (v) (the earliest of such six dates being referred to as the Transfer Price thereof are deposited in the"Vehicle Operating Lease Expiration Date").

Vehicle Term. (a) Repurchase Vehicles. The “"Vehicle Operating Lease Commencement Date” with respect to any " for each Repurchase Vehicle shall mean the date day referenced as such in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Series 1996-1 Acquisition Schedule with respect to such Repurchase Vehicle but in no event shall such date be a date later than beyond the date that funds are expended by HVF the Lessor to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Repurchase Vehicle). The “"Vehicle Term” " with respect to each Repurchase Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Repurchase Vehicle, (ii) if such the date the Vehicle is a Vehicle sold to a third party through any means other than an auction conducted by or through or arranged by the Manufacturer pursuant to Section 2.5, its Repurchase Program and the date on which funds in respect of such sale are deposited in received by the Collection Account or an HVF Exchange Account Trustee (by from such third party or by from any member of the Servicer Lessee Group on behalf of such third party), (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a Casualty or an Ineligible VehicleCasualty, the date funds in the amount of the Termination Net Book Value thereof are deposited received by the Trustee from the applicable Lessee, or (iv) the date that the Vehicle is purchased by the applicable Lessee pursuant to Section 2.5 or 2.6 hereof and the Vehicle Purchase Price with respect to such purchase (and any unpaid Monthly Base Rent and Monthly Variable Rent with respect to such Vehicle) is received by the Trustee (the earliest of such four dates being referred to as the "Vehicle Lease Expiration Date"). The Lessor and each Lessee agree that each Lessee shall use its commercially reasonable efforts to deliver each Repurchase Vehicle to the related Manufacturer or the designated auction site, as applicable, (a) not prior to the end of the minimum holding period specified in the Collection Account by related Repurchase Program (prior to which the Lessee, Lessor may not deliver such Repurchase Vehicle without penalty (vthe "Minimum Term")) if such Vehicle becomes a Transferred HVF Vehicle, and (b) not later than the date funds in the amount end of the Transfer maximum holding period (after which the Lessor may not return such Repurchase Vehicle without penalty (the "Maximum Term")); provided, however, if for any reason, a Lessee fails to deliver a Repurchase Vehicle to the applicable Manufacturer or designated auction site during the time period between the expiration of the Minimum Term and the expiration of the Maximum Term, such Lessee shall be obligated to purchase such Repurchase Vehicle from the Lessor on the first Due Date after the expiration of the Maximum Term for an amount equal to the Vehicle Purchase Price thereof are deposited with respect to such Repurchase Vehicle. Each Lessee will pay the equivalent of the Rent for the Minimum Term for Repurchase Vehicles returned before the Minimum Term, regardless of actual usage, unless a Vehicle is a Casualty which will be handled in theaccordance with Section 6 hereof.

Vehicle Term. (a) (a) The “Vehicle Operating Lease Commencement Date” with respect to any ZVF Vehicle shall mean the date referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Schedule with respect to such ZVF Vehicle but in no event shall such date be a date later than the date that funds are expended by HVF ZVF to acquire such ZVF Vehicle (such date, the “Vehicle Funding Date” for such ZVF Vehicle). The “Vehicle Term” with respect to each ZVF Vehicle (other than a ZVF Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date with respect to such ZVF Vehicle through the earliest of (i) if such ZVF Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such ZVF Vehicle is a Vehicle sold to a third party pursuant to Section 2.5, the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer or Collateral Agent or Trustee on behalf of such third party), (iii) if such ZVF Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such ZVF Vehicle is deposited into the Collection Account, (iv) if such ZVF Vehicle becomes a Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, and (v) if the date that is the last Business Day of the month that is 36 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such ZVF Vehicle becomes (the earliest of such dates described in clauses (i) through (v) being referred to as the “Vehicle Operating Lease Expiration Date” for such ZVF Vehicle). The “Vehicle Term” with respect to each ZVF Vehicle which has a Transferred HVF Special Term shall extend from the Vehicle Operating Commencement Date with respect to such ZVF Vehicle through the earlier of (i) the last date of the Special Term for such ZVF Vehicle as the same may be extended in accordance with the following sentence and (ii) the Vehicle Operating Lease Expiration Date for such ZVF Vehicle. The Special Term shall be automatically renewed until the date that is the last Business Day of the month that is 36 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such ZVF Vehicle, unless the date funds Lessor or the Lessee gives prior notice of non-renewal of the Special Term to the Lessor or the Lessee, as applicable, during the period of any Special Term, or the Vehicle Operating Lease Expiration Date occurs during the period of any Special Term. The “Special Term” shall mean (i) 180 days with respect to ZVF Vehicles titled in the amount State of Texas and the Transfer Price thereof are deposited State of Maryland; (ii) one year with respect to ZVF Vehicles titled in thethe State of Illinois; (iii) eleven months with respect to ZVF Vehicles titled in the State of Iowa, the Commonwealth of Massachusetts, the State of Maine, the State of Vermont and the Commonwealth of Virginia; (iv) 30 days with respect ZVF Vehicles titled in the State of Nebraska and the State of West Virginia and (v) 28 days with respect to ZVF Vehicles titled in the State of South Dakota.

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” with respect to any Vehicle shall mean the date referenced in the applicable New Vehicle Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle Schedule with respect to such Vehicle but in no event shall such date be a date later than the date that funds are expended by HVF to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle). The “Vehicle Term” with respect to each Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party pursuant to Section 2.5, the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the Servicer on behalf of such third party), (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (v) if such Vehicle becomes a Transferred HVF Vehicle, the date funds in the amount of the Transfer Price thereof are deposited in thethe Collection Account by HGI, (vi) if such Vehicle becomes a Rejected Vehicle, the date the Rejected Vehicle Payment is deposited in the Collection Account and (vii) the date that is the last Business Day of the month that is 36 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such

Vehicle Term. (a) The “Vehicle Operating Lease Commencement Date” with respect to any for each Vehicle shall mean the date day as referenced in the applicable New Vehicle Schedule, Transferred Acquisition Schedule (including any Vehicle Schedule, Initial Hertz Vehicle Acquisition Schedule or Service Vehicle Schedule delivered under the Prior AESOP I Operating Lease) with respect to such Vehicle Vehicle, but in no event shall such date be a date later than the date that funds are expended or allocated by HVF the Lessor or the Intermediary to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle). The “Vehicle Term” with respect to each Vehicle (other than a Vehicle which has a Special Term) shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle or a Non-Program Vehicle returned to a Manufacturer under a Manufacturer Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party (other than through an auction conducted by or through or arranged by the Manufacturer pursuant to Section 2.5its Manufacturer Program), the date on which funds in respect of such sale are first deposited in either the Collection Account or an HVF Exchange a Joint Collection Account (by such third party or by the Servicer Lessee on behalf of such third party)) and such funds equal or exceed the Termination Value of such Vehicle, (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) if such Vehicle becomes a Standard Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iv) the date that such Vehicle is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (and any unpaid Monthly Base Rent and Supplemental Rent with respect to such Vehicle) is deposited in the Collection Account by the Lessee and (v) if the date that is the last Business Day of the month that is eighteen (18) months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Vehicle becomes a Transferred HVF Vehicle, (the date funds earliest of such five dates described in the amount of foregoing clauses (i) through (v) being referred to as the Transfer Price thereof are deposited in the“Vehicle Operating Lease Expiration Date”).